Welcome to our dedicated page for Cryo-Cell Intl news (Ticker: CCEL), a resource for investors and traders seeking the latest updates and insights on Cryo-Cell Intl stock.
Cryo-Cell International, Inc. (CCEL) is a NYSE American–listed company focused on cellular processing, cryogenic storage, and cord blood banking. The company describes itself as the world’s first private cord blood bank to separate and store stem cells, with operations that span private cord blood and cord tissue banking, a public cord blood banking program in partnership with Duke University, and technology and biostorage offerings such as PrepaCyte-CB and ExtraVault.
This news page aggregates company-issued updates and regulatory disclosures that affect Cryo-Cell’s business and capital structure. Readers can follow periodic financial results, where the company breaks out revenue from processing and storage fees, public banking activities, and product revenue. Dividend-related announcements are also a recurring theme, including the initiation of regular quarterly cash dividends, changes in dividend levels, and decisions not to declare dividends in certain quarters, often linked to profitability, capital requirements, and strategic priorities.
In addition to earnings and dividend news, Cryo-Cell’s releases highlight developments tied to its license agreement with Duke University, research and development spending related to clinical studies and manufacturing capabilities, and the launch and positioning of ExtraVault for biostorage and distribution services. Disclosures about strategic reviews, such as the pause of initiatives relating to a possible sale or merger of the company, provide further context on corporate strategy.
Investors and observers who want to monitor how Cryo-Cell’s cord blood banking operations, cellular therapy ambitions, and biostorage services evolve over time can use this page to review a chronological record of earnings releases, dividend decisions, strategic updates, and other material announcements.
Cryo-Cell International, Inc. (NYSE: CCEL), the world's first private cord blood bank, reported its fiscal third quarter 2024 financial results. Highlights include:
- Revenue increased to $8.07 million, up from $7.87 million in Q3 2023
- Net income rose to $1.05 million ($0.13 per share), compared to $681,000 ($0.08 per share) in Q3 2023
- Gains on marketable securities were $522,000, up from $93,000 in Q3 2023
The company is exploring strategic alternatives to maximize shareholder value and considering instituting a regular quarterly dividend. Cryo-Cell's proposed spinoff of Celle Corp. is currently on hold due to a Demand for Arbitration filed with Duke University. The company continues to expand its services, including the launch of ExtraVault for biostorage and distribution solutions.
Cryo-Cell International, Inc. (NYSE American: CCEL), the world's first private cord blood bank, reported its fiscal second quarter 2024 financial results. Key highlights include:
- Revenue increased 3% to $8.0 million, compared to $7.8 million in Q2 2023
- Net income rose to $656,000 ($0.08 per share), up from $221,000 ($0.03 per share) in Q2 2023
- Cost of sales decreased by 6%
- Selling, general and administrative expenses decreased by less than 1%
- R&D expenses were $241,000, down from $305,000 in Q2 2023
The company's improved performance was driven by increased processing and storage fee revenue, which offset declines in public banking revenue.
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Cryo-Cell International, Inc. (CCEL) announced its fiscal first-quarter results for the period ending February 28, 2023. The company reported revenues of $7.82 million, a notable increase from $7.26 million during the same period in 2022. Key revenue components included $7.56 million from processing and storage fees, $32,000 in product revenue, and approximately $231,000 from public banking efforts.
Net income for the quarter was approximately $767,000, or $0.09 per share, slightly down from $832,000 or $0.10 per share a year earlier. The increase in revenue was offset by a 15% rise in selling, general, and administrative expenses. The company remains focused on its transformation into a vertically integrated cellular therapy company.
Cryo-Cell International (CCEL) reported fiscal 2022 results with consolidated revenues of $30.3 million, up from $28.9 million in fiscal 2021. Processing and storage fees led revenue at $29.8 million. Net income grew to $2.8 million or $0.33 per share, compared to $2.1 million or $0.26 per share in 2021. Key factors included a 5% increase in revenue and a 2% decrease in the cost of sales. The company continues to expand services, including a partnership with Duke University and the launch of ExtraVault, enhancing its biostorage capabilities.
Cryo-Cell International (CCEL) reported a 3% revenue increase in Q3 2022, reaching $7.7 million, compared to $7.5 million in Q3 2021. Processing and storage fees accounted for the majority at $7.5 million. However, net income decreased to $467,000 ($0.06 per share) from $857,000 ($0.10 per share) year-over-year. Cost of sales fell by 4%, while SG&A expenses rose by 3%. The company highlights its partnerships and advanced processing technologies as core strengths.