Cryo-Cell Q2 revenue falls as processing, storage fees decline
Cryo-Cell Q2 revenue falls as processing, storage fees decline
Overview
US cord blood bank's fiscal Q2 revenue fell 2% yr/yr to $7.8 mln
Net income for fiscal Q2 rose to $555,000 from $356,000 a year earlier
Revenue decline driven by lower processing and storage fee revenue
Outlook
Cryo-Cell International did not provide specific guidance for the current quarter or full year
Result Drivers
PROCESSING AND STORAGE FEES - Revenue decline attributed to lower processing and storage fee revenue
Company press release: ID:nBwbVYyyba
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $7.80 mln | $7.55 mln (1 Analyst) |
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the healthcare facilities & services peer group is "buy."
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)