BioLife Solutions Inc (BLFS)

Pretax margin

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands -20,243 -45,996 -73,282 -62,757 -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
Revenue (ttm) US$ in thousands 102,868 122,972 125,729 136,909 142,796 154,008 161,427 162,452 161,032 154,468 147,521 138,192 118,837 96,581 74,057 52,773 48,087 41,249 36,673 33,590
Pretax margin -19.68% -37.40% -58.29% -45.84% -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%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-20,243K ÷ $102,868K
= -19.68%

BioLife Solutions Inc's pre-tax margin has experienced significant fluctuations over the past few years. The pre-tax margin was exceptionally high at 113.94% in March 2020 but subsequently decreased to 48.10% in June 2020 and further declined to 15.12% in September 2020. By December 2020, the pretax margin turned negative at -2.66%, indicating that the company's expenses exceeded its pre-tax income.

The negative trend continued into the following periods, with pre-tax margins deteriorating significantly to -46.82% in March 2021 and bottoming out at -92.60% by March 2023. This indicates that BioLife Solutions Inc was incurring substantial losses in relation to its pre-tax income during these periods.

There appears to have been a slight improvement in the pre-tax margin as of December 2024, where it was recorded at -19.68%. However, it is still negative, suggesting that the company may be facing challenges in generating profits before accounting for taxes.

Overall, the analysis of BioLife Solutions Inc's pre-tax margin demonstrates a volatile and challenging financial performance in recent years, characterized by significant fluctuations and periods of negative profitability.