Full-Year Revenue Above Guidance
Revenue from continuing operations of $176.2 million for fiscal 2025, exceeding the high end of prior guidance.
Strong Commercial Cell & Gene Therapy Growth
Commercial cell and gene therapy revenue increased 29% year-over-year to a record $33.4 million and represented ~20% of total revenue for 2025.
Clinical Trial Revenue Expansion
Clinical trial revenue grew 14% year-over-year to $47.1 million; supported a record 760 clinical trials (net increase of 59) and 20 commercial therapies worldwide.
Life Sciences Services Momentum
Life Sciences Services revenue grew 18% year-over-year in 2025, with BioStorage/BioServices up 22%, reflecting expanded scale and higher revenue per client.
Profitability Progress and Margin Improvement
Gross margin improved to 47% and adjusted EBITDA improved by $12 million year-over-year; company expects to achieve positive adjusted EBITDA in the second half of 2026.
Product Innovation and MVE Releases
Life Sciences Products (MVE) revenue grew 7% year-over-year; launched integrated condition monitoring with Cryoverse and the Fusion 800 Series self-sustaining cryogenic freezer, expanding addressable markets.
Strategic Partnerships and Capital Infusion
Completed strategic partnership and sale of CRYOPDP to DHL in 2Q25 (providing substantial capital infusion) and added partnerships with Cardinal Health and Parexel to broaden the ecosystem.
Robust Clinical-to-Commercial Pipeline and 2026 Guidance
Company is 'spring-loaded' with 86 Phase III and 361 Phase II clinical trials, anticipates ~13 BLA/MAA filings (2 already filed), 9 new approvals and 2 label/geographic expansions; 2026 revenue guidance of $190M–$194M (midpoint implying ~8.9% growth over 2025).