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Cryoport Inc

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CryoPort, Inc. is a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol "CYRX." Founded in 2007, Cryoport offers a suite of integrated cold chain logistics solutions for the life sciences industry. Their cutting-edge technology provides reliable temperature-controlled solutions that ensure the safety and viability of temperature-sensitive biologic materials, including vaccines, medicines, and cells. With a focus on customization, their solutions cater to the unique needs of pharmaceutical companies, cell and gene therapies, and IVF organizations. Cryoport's headquarters are in Lake Forest, California, USA.

In terms of financials, CryoPort Inc. has consistently recorded impressive revenue growth over the past few years, clearly reflecting the rising demand for its services. According to their latest quarterly report (Q2 2022), total revenue surged by an impressive 34% year over year, reaching $11.3 million. Notably, product revenue, which accounts for the majority of their sales, increased by 35% year over year to $10.8 million. Additionally, the company reported a net loss of $10.8 million or $(0.06) per basic and diluted share for the second quarter of 2022.

It is important to note that the company's growth path has not been linear, with fluctuations in revenue and net income Reflecting the inherent complexities and challenges of the industry in which it operates.

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