BioLife Solutions Inc (BLFS)

Operating profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	-70,823	-106,939	-89,896	-151,179	-145,541	-114,735	-114,154	-42,146	-35,160	-22,104	-12,191	-7,592	-6,241	-1,593	-1,119	-416	-220	1,584	3,551	4,089
Revenue (ttm)	US$ in thousands	142,796	154,008	161,427	162,452	161,032	154,468	147,521	138,192	118,837	96,581	74,057	52,773	48,087	41,249	36,673	33,590	27,367	25,090	23,762	22,134
Operating profit margin		-49.60%	-69.44%	-55.69%	-93.06%	-90.38%	-74.28%	-77.38%	-30.50%	-29.59%	-22.89%	-16.46%	-14.39%	-12.98%	-3.86%	-3.05%	-1.24%	-0.80%	6.31%	14.94%	18.47%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-70,823K ÷ $142,796K
= -49.60%

The operating profit margin of BioLife Solutions Inc has shown significant fluctuations over the past few quarters. In the most recent quarter ending Dec 31, 2023, the operating profit margin was at -49.60%, indicating that the company's operating expenses exceeded its operating income by a considerable margin. This is a deterioration from the previous quarter's operating profit margin of -69.44%.

Looking further back, the trend continues to show variability in the operating profit margin. In the same quarter of the previous year (Sep 30, 2022), the operating profit margin was at -74.28%, which was notably higher than the most recent quarter, but still in the negative territory.

The highest operating profit margin observed in the data provided was at 18.47% in the quarter ending Jun 30, 2019. Since then, there has been a general decline in the operating profit margin, with intermittent improvements and deteriorations.

Overall, the operating profit margin of BioLife Solutions Inc has been volatile, indicating fluctuations in the company's ability to generate profits from its core operations. This suggests that the company may be facing challenges in managing its operating expenses or generating sufficient revenue to cover these expenses.