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.
Peer comparison
Dec 31, 2023