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.
Peer comparison
Dec 31, 2023