CRYOPORT Posts Another Quarter of Losses, Misses Estimates

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CRYOPORT ($NASDAQ:CYRX): CryoPort is a company that provides cryogenic transportation services. The company recently released its earnings for the third quarter, and it showed a GAAP EPS of -$0. 15. This missed the estimate by $0.

01. The company has been posting losses for a while now, and this latest quarter is no different. CryoPort has been struggling to turn things around, but so far, it has not been successful.

Earnings

Adjusted net income is a non-GAAP financial measure. A reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure is included in the accompanying tables. “While we are disappointed with our second quarter results, we are pleased with our strong revenue growth and continued progress on several fronts, including the launch of our new SmartPak4D product and the expansion of our relationship with Merck KGaA, Darmstadt, Germany,” said Jerrell Shelton, Cryoport’s Chief Executive Officer. “In addition, we are making excellent progress on our new state-of-the-art cGMP facility in Sterling, Virginia, which is ahead of schedule and on budget. this new facility, combined with our recently announced organizational realignment, will enable us to more effectively serve our global biopharmaceutical and animal health customers and position us for long-term profitable growth.”

Price History

CRYOPORT has been struggling as of late, and this most recent quarter is no different. The company posted losses and missed estimates, and the stock price has suffered as a result. Media sentiment has been mostly negative, with some outlets calling into question the company’s future.

On Thursday, CRYOPORT stock opened at $26.8 and closed at $26.5, down by 2.6% from last closing price of 27.2. This is just another example of how the company is struggling to keep up with its competitors.

VI Analysis

CRYOPORT is a high risk investment in terms of financial and business aspects. The company’s fundamentals reflect its long term potential, but there are 4 risk warnings in income sheet, balance sheet, cashflow statement, and non financial. Register with us to check it out.

VI Peers

In the logistics and transportation industry, there is intense competition among companies to provide the most efficient and cost-effective services. This is especially true for companies specializing in cryogenic transportation, where time and temperature sensitive shipments are the norm. In this arena, CryoPort Inc. has been a leader, innovating and investing in cutting-edge technology to stay ahead of the competition. Some of its main competitors include Shenzhen Prolto Supply Chain Management Co Ltd, Xinjiang Tianshun Supply Chain Co Ltd, and BEST Inc. While each company has its own strengths and weaknesses, CryoPort has consistently remained at the forefront of the industry, providing superior service and value to its customers.

– Shenzhen Prolto Supply Chain Management Co Ltd ($SZSE:002769)

Shenzhen Prolto Supply Chain Management Co Ltd has a market cap of 3.23B as of 2022, and a Return on Equity of 2.47%. The company is engaged in the business of providing supply chain management services. It offers services such as logistics, transportation, warehousing, and distribution. The company has a network of over 1,000 warehouses in China.

– Xinjiang Tianshun Supply Chain Co Ltd ($SZSE:002800)

Xinjiang Tianshun Supply Chain Co Ltd is a Chinese company that operates in the logistics and supply chain management industry. The company has a market capitalization of 2.2 billion US dollars as of 2022 and a return on equity of 6.85 percent. Xinjiang Tianshun Supply Chain Co Ltd is headquartered in the city of Urumqi in the Xinjiang Uyghur Autonomous Region of China. The company was founded in the year 2006.

– BEST Inc ($NYSE:BEST)

BEST Inc. is a leading express delivery and logistics company in China, with a market cap of $49.1 million as of 2022. The company has a return on equity of -60.92%. BEST Inc. provides express delivery, warehousing, and logistics services in China. The company operates a network of over 30,000 stores and more than 200 warehouses across China.

Summary

CRYOPORT is a company that provides cryogenic transportation services. The company has been posting losses and missing estimates for the past few quarters. The company’s cryogenic transportation services are used by a variety of industries, including the pharmaceutical and biotech industries. CRYOPORT’s services are considered to be best-in-class, and the company has a strong market position.

Despite its recent struggles, some investors believe that CRYOPORT is a good long-term investment. The company’s services are in high demand, and its market position is strong. With the right strategy, CRYOPORT could turnaround its fortunes and start posting profits once again.