BIOLIFE SOLUTIONS INC BLFS
We are a life sciences company that develops, manufactures, and markets bioproduction products and services which are designed to improve quality and de-risk biologic manufacturing, distribution, and transportation in the cell and gene therapy ("CGT") industry. Our products are used in basic and applied research and commercial manufacturing of biologic-based therapies. Customers use our products to maintain the health and function of biologic material during sourcing, manufacturing, and distribution.
We currently operate as one bioproduction products and services business which supports several steps in the biologic material manufacturing and delivery process. Our portfolio of tools and services focuses on biopreservation media and cell processing products. We have in-house expertise in cryobiology and the broader CGT workflow, and continue to evaluate opportunities to maximize the value of our product platforms for our extensive customer base through organic growth innovations, partnerships, and acquisitions.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $96.2M | $74.6M | $68.0M | $76.2M | $119.2M | $48.1M | $27.4M | $19.7M | $11.0M | $8.2M |
| Cost of revenue | $34.1M | $24.6M | $26.7M | — | — | — | $8.8M | $6.2M | $4.3M | $3.4M |
| Gross profit | $62.1M | $50.1M | $41.3M | — | — | — | $18.6M | $13.5M | $6.7M | $4.8M |
| R&D | $7.6M | $4.8M | $5.5M | $8.7M | $11.8M | $6.7M | $3.2M | $1.3M | $1.2M | $2.0M |
| SG&A | $45.5M | $40.6M | $42.8M | $33.3M | $33.7M | $15.3M | $8.9M | $6.0M | $4.5M | $4.6M |
| Total operating expenses | $78.7M | $54.6M | $58.5M | $82.2M | $154.3M | $54.3M | $27.6M | $16.1M | $7.8M | $9.6M |
| Operating income | -$16.6M | -$4.5M | -$17.2M | -$5.9M | -$35.2M | -$6.2M | -$220.0K | $3.7M | -$1.1M | -$4.9M |
| Interest expense | — | — | — | — | — | — | $5.0K | $5.0K | $190.0K | $100.0K |
| Pre-tax income | -$12.1M | -$8.8M | -$12.2M | -$4.8M | -$29.0M | -$1.3M | -$3.2M | -$25.0M | -$2.5M | -$6.9M |
| Income tax | $49.0K | $38.0K | $64.0K | $5.2M | $20.1M | $3.3M | $1.5M | — | $0 | $0 |
| Net income | -$4.6M | -$20.2M | -$68.0M | -$139.8M | -$8.9M | $2.0M | -$1.7M | -$25.0M | -$2.5M | -$6.9M |
| EPS, basic | -0.09 | -0.44 | -1.55 | -3.29 | -0.23 | 0.07 | -0.09 | -1.56 | -0.21 | — |
| EPS, diluted | -0.10 | -0.44 | -1.55 | -3.25 | -0.23 | -0.06 | -0.09 | -1.56 | -0.21 | -0.54 |
| Shares, diluted (wtd. avg.) | $48.6M | $46.1M | $43.7M | $43.1M | $38.5M | $27.3M | $19.5M | $16.3M | $13.3M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $33.0M | $91.5M | $27.9M | $19.4M | $69.9M | $90.4M | $6.4M | $14.2M | $6.7M | $1.4M |
| Short-term investments | $55.9M | $9.2M | $16.3M | $43.3M | $0 | — | — | — | — | $0 |
| Receivables | $8.0M | $8.5M | $7.9M | $33.9M | $23.2M | $8.0M | $5.3M | $2.2M | $1.0M | $1.2M |
| Inventory | $30.2M | $29.0M | $27.2M | $34.9M | $28.3M | $11.6M | $11.0M | $2.1M | $1.8M | $1.8M |
| Total current assets | $136.6M | $148.8M | $120.6M | $138.5M | $126.1M | $114.7M | $24.1M | $18.8M | $10.2M | $4.6M |
| Property, plant and equipment | $14.7M | $6.0M | $5.7M | $23.6M | $17.7M | $10.1M | $5.6M | $1.0M | $1.1M | $1.2M |
| Goodwill | $208.6M | $208.6M | $212.3M | $224.7M | $58.4M | $58.4M | $33.6M | $0 | — | — |
| Other intangibles | $4.3M | $5.6M | $12.0M | $32.1M | $152.1M | $31.0M | $22.0M | — | — | $0 |
| Total assets | $405.9M | $399.5M | $412.7M | $450.2M | $554.3M | $234.8M | $92.8M | $21.8M | $12.3M | $7.9M |
| Accounts payable | $1.5M | $3.4M | $2.3M | $15.4M | $14.9M | $3.7M | $3.1M | $843.0K | $586.0K | $710.7K |
| Short-term debt | $5.0M | $10.9M | $6.3M | $1.8M | $862.0K | $614.0K | — | — | — | — |
| Total current liabilities | $23.0M | $32.7M | $42.2M | $44.6M | $42.7M | $15.6M | $7.7M | $1.7M | $1.3M | $1.1M |
| Long-term debt | $0 | $5.0M | $17.6M | $23.8M | $6.4M | $655.0K | $13.0K | — | — | $4.2M |
| Total liabilities | $34.0M | $50.6M | $75.1M | $86.0M | $76.2M | $29.6M | $49.4M | $34.7M | $16.5M | $4.8M |
| Retained earnings | -$339.7M | -$335.1M | -$314.9M | -$246.9M | -$107.1M | -$97.4M | $100.2M | -$94.7M | -$73.1M | -$71.2M |
| Total equity | $371.9M | $348.9M | $337.7M | $364.2M | $478.0M | $204.4M | $43.3M | $14.6M | -$9.5M | $3.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $20.1M | $8.4M | -$12.5M | -$8.5M | -$4.6M | $6.6M | $1.2M | $2.3M | $605.0K | -$4.3M |
| Depreciation and amortisation | $2.3M | $5.2M | $7.1M | $6.8M | $4.7M | $2.0M | $718.0K | $338.0K | $339.0K | $368.1K |
| Stock-based compensation | $23.0M | $30.9M | $33.2M | $25.3M | $14.0M | $6.0M | $3.0M | $1.5M | $1.3M | $777.0K |
| Capital expenditure | $9.5M | $3.2M | $6.4M | $10.4M | $8.4M | $2.0M | $675.0K | $500.0K | $144.0K | $143.5K |
| Investing cash flow | -$71.5M | $58.3M | $17.8M | -$58.1M | -$13.2M | -$24.7M | -$27.0M | -$6.5M | -$144.0K | $392.8K |
| Financing cash flow | -$10.9M | -$6.8M | $10.6M | $16.3M | -$2.8M | $102.1M | $1.6M | $28.1M | $4.8M | $3.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-028012.
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