BioLife Solutions Inc (BLFS)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	-66,258	-102,107	-84,006	-150,429	-144,827	-113,876	-107,869	-35,928	-29,026	-16,779	-13,003	-24,707	-1,281	6,237	17,639	38,271	-3,198	-3,747	-12,785	-15,898
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
Pretax margin		-46.40%	-66.30%	-52.04%	-92.60%	-89.94%	-73.72%	-73.12%	-26.00%	-24.43%	-17.37%	-17.56%	-46.82%	-2.66%	15.12%	48.10%	113.94%	-11.69%	-14.93%	-53.80%	-71.83%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-66,258K ÷ $142,796K
= -46.40%

The pretax margin of BioLife Solutions Inc has been fluctuating over the past several quarters. The company experienced negative pretax margins in many periods, indicating that its operating expenses and other costs exceeded its revenues before accounting for taxes.

Specifically, the pretax margin was notably negative in the last few quarters, with the lowest point recorded in March 2023 at -92.60%. This suggests that the company struggled with profitability during that period.

On the other hand, BioLife Solutions Inc managed to achieve positive pretax margins in some quarters, with the highest pretax margin observed in March 2020 at 113.94%. This indicates that the company was able to generate substantial profits relative to its total revenues before taxes during that particular quarter.

Overall, the pretax margin trend for BioLife Solutions Inc has been volatile, showing periods of both profitability and losses. Further analysis of the company's financial performance and cost management strategies may be needed to understand the factors driving these fluctuations in pretax margin.