Strong Revenue Growth
Cell processing revenue increased 33% year-over-year, contributing to a 31% increase in total revenue for the quarter. This growth reflects sustained strength across the biopreservation media franchise and broader cell processing portfolio.
Improved Profitability
Adjusted EBITDA margin expanded 500 basis points year-over-year to 28%, demonstrating the operating leverage inherent in the business model.
Sale of evo Cold Chain Product Line
The sale of the evo Cold Chain logistics product line for approximately $25 million in cash further strengthens the balance sheet, bringing cash and marketable securities to approximately $125 million.
Increased Guidance
Full year cell processing revenue guidance raised from $91 million-$93 million to $93 million-$94 million, representing a 26% to 28% year-over-year growth rate.
Market Leadership
BioLife's BPM products are embedded in 16 approved therapies and utilized in more than 250 commercially sponsored CGT clinical trials in the U.S., representing over a 70% share. Notably, this includes more than 30 Phase III trials where their share is nearly 80%.