Strong Revenue Growth
BioLife Solutions reported Q2 revenue of $25.4 million, marking a 29% year-over-year increase. This growth was driven by a 28% increase in cell processing revenue.
Increased Revenue Guidance
The company raised its full-year revenue guidance for 2025 to $100 million to $103 million, indicating a 22% to 25% growth over the previous year.
Improved Adjusted EBITDA
Adjusted EBITDA for Q2 2025 was $6.1 million or 24% of revenue, up from $3.9 million or 20% in the prior year, showing improved profitability.
Cell Processing Revenue Growth
Cell processing revenue reached $23 million, representing a 28% year-over-year increase and a 6% sequential increase.
Strategic Investment in Pluristyx
BioLife made a strategic investment in Pluristyx, a local early-stage, revenue-generating developer of iPSC-based products, aligning with BioLife's interest in expanding its product portfolio.