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Biotechnology
I assume you are referring to the company Cryoport Inc. (NASDAQ: CYRX), which is a leading provider of temperature-controlled supply chain solutions for the biopharmaceutical industry.
Regarding financials, here are some key points:
* As of the latest quarterly report (Q3 2021), Cryoport has shown consistent growth in revenue and gross profit over the past few years.
* Q3 2021 revenue was $25.4 million, a 46% increase from the same period in the previous year.
* Gross profit was $11.6 million, a 42% increase from the same period in the previous year.
* Net loss for Q3 2021 was $3.5 million, compared to a net loss of $1.9 million for the same period in the previous year.
* As of September 30, 2021, Cryoport had cash and cash equivalents of $54.7 million.
Regarding Earnings:
Cryoport is not currently profitable on a GAAP basis, but it has shown consistent growth in revenue and gross profit. It's focusing on expanding its customer base and increasing its market share in the biopharmaceutical industry.
Regarding growth:
* Cryoport's services are in high demand due to the growing trend of personalized medicine and cell and gene therapies, which require strict temperature control during shipping.
* The company has a strong pipeline of potential new customers in the clinical-trial stage, and it also aims to expand its services to other areas of the biopharmaceutical industry, such as diagnostics and veterinary medicine.
* The company has a solid track record of acquiring and integrating other companies to expand its offerings and reach new markets.
In summary, Cryoport is a company with a solid financial foundation and a clear growth strategy. The company is not yet profitable, but it has a strong market position and a growing customer base in a high-demand industry.