Cryo-Cell Intl Inc Stock Price, News & Analysis

Cryo-Cell International, Inc. (CCEL) reported financial results for the first quarter of fiscal 2022, ending February 28. Revenue increased to $7.26 million, up from $6.86 million year-over-year. Processing and storage fees accounted for $7.12 million of this total. Net income rose to approximately $832,000 or $0.10 per share, compared to $694,000 in the previous year. The company continues to focus on expanding its cellular therapy initiatives while managing costs effectively, despite a slight decrease in public banking revenue.

Cryo-Cell International (CCEL) has signed a purchase contract for a new 56,000 sq ft facility in the Research Triangle, NC, to enhance its cryopreservation services. This facility will support the launch of ExtraVault, aimed at providing biorepository services to biopharmaceutical companies. The company has over 30 years of experience in biological specimen handling and plans to implement a robust inventory management system. Cryo-Cell’s mission focuses on premier cryopreservation and cellular therapies, with a strong commitment to quality and innovation in the healthcare sector.

Cryo-Cell International, Inc. (CCEL) has issued its 2021 Annual Letter to shareholders, highlighting a cash flow of $7.9 million and a revenue decline to $28.9 million, down from $31.1 million in 2020. The net income also decreased to $2.1 million. Factors affecting performance included a drop in U.S. birth rates due to Covid-19, industry price pressures, and loss of a significant licensing agreement in India. Looking forward, the company plans to open a cellular therapy institute and has proposed the acquisition of a facility in Durham, NC for various operational expansions.

Cryo-Cell International (CCEL) reported fiscal 2021 results, revealing a decline in revenues to $28.9 million, down from $31.1 million in 2020. Processing and storage fees accounted for $28.4 million, while net income fell to $2.1 million ($0.26 per basic share), down from $3.6 million in the previous year. The company faced a 7% revenue drop and increased operational expenses. Notably, an impairment charge of $1.2 million was recorded due to changes in inventory recovery estimates. While the company continues its legacy as a leading cord blood bank, these results may raise concerns among investors.

Cryo-Cell International has announced plans for its Institute for Cellular Therapies after securing an exclusive license from Duke University. This partnership provides commercial rights to a range of FDA regulatory data and intellectual property related to cord blood and cord tissue-derived cell therapies that passed Phase 1/Phase 2 trials. The company aims to conduct further Phase 2 and Phase 3 trials focusing on conditions like hypoxic ischemic encephalopathy, cerebral palsy, and autism. Successful trials could lead to FDA licensure and commercialization.

On October 15, 2021, Cryo-Cell International (CCEL) reported Q3 2021 results, showing revenue of $7.5 million, an 8% decline from $8.1 million in Q3 2020. Processing and storage fees contributed $7.3 million. Net income was $857,000 ($0.10 per share), up from $784,000 in the prior year. Expenses increased, primarily due to costs related to the Cryo-Cell Institute and patent expenses. Despite revenue decline, the company emphasized solid results amid its transition to a vertically integrated cellular therapy entity.

Cryo-Cell International, Inc. (Nasdaq:CCEL) has appointed Mark Portnoy and Daniel Mizrahi to its Board of Directors, following the resignations of George Gaines and Jonathan Wheeler, M.D. Gaines retires while Wheeler steps down for health reasons. Both new appointees bring extensive experience, with Portnoy having previously served on the board and Mizrahi leading a manufacturing company in Guatemala. The board expects to enhance shareholder value, particularly after the recent NASDAQ uplisting and a transformative agreement with Duke University.

Cryo-Cell International, Inc. (CCEL) has announced its common stock is listed on the Nasdaq Capital Market as of August 31, 2021. This milestone marks an achievement in meeting Nasdaq's stringent requirements and aims to enhance liquidity and broaden the shareholder base. Chairman David Portnoy expressed optimism that this uplisting will reduce the valuation gap between market and intrinsic value. Cryo-Cell is transitioning into a biopharmaceutical company, providing experimental treatments at the upcoming Cryo-Cell Institute for Cellular Therapies.

Cryo-Cell International (CCEL) has acquired an 8,326 sq. ft. facility in Durham, NC, for its Institute for Cellular Therapies, strategically located near the Raleigh-Durham International Airport. The clinic aims to provide FDA-approved clinical trials for patients in need of cord blood therapies by early 2022. This facility will employ advanced technology and child-friendly layout while adhering to COVID safety guidelines. The treatments target various conditions, including autism spectrum disorders and cerebral palsy.