CryoPort, Inc. (NASDAQ:CYRX) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, CYRX is expected to report 3Q20 loss of $ 0.12 per share from revenue of $ 10.54 million.
For the full year, analysts anticipate top line of $ 42.68 million, while looking forward to loss of $ 0.48 per share bottom line.
Previous Quarter Performance
CryoPort, Inc. communicated loss for the second quarter of $ 0.15 per share, from the revenue of $ 9.39 million. The quarterly revenues gained 10.99 percent compared with the same quarter last year. Wall street analysts are predicting, CYRX to report 2Q20 loss of $ 0.11 per share from revenue of $ 8.93 million. The bottom line results missed street analysts by $ 0.04 or 36.36 percent, at the same time, top line results outshined analysts by $ 0.46 million or 5.15 percent.
Stock Performance
Shares of CryoPort, Inc. traded up $ 0.90 or 2.11 percent on Wednesday, reaching $ 43.47 with volume of 494.90 thousand shares. CryoPort, Inc. has traded high as $ 45.44 and has cracked $ 42.88 on the downward trend
The closing price of $ 43.47, representing a 227.21 % increase from the 52 week low of $ 13.01 and a 30.01 % decrease over the 52 week high of $ 60.82.
The company has a market capital of $ 1.72 billion and is part of the Consumer Cyclical sector and Packaging & Containers industry.
Conference Call
CryoPort, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cryoport.com
Cryoport, Inc. provides temperature controlled logistics solutions to the life sciences industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Cryoportal, a cloud-based logistics management platform that supports the management of shipments, which includes order entry, document preparation, customs documentation, courier management, real-time shipment tracking, issue resolution, and regulatory compliance requirements; and CryoPort Express Shippers, a dry vapor cryogenic shipper that use liquid nitrogen contained inside a vacuum insulated vessel, which serves as a refrigerant to provide stable storage temperatures.
