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Cryoport, Inc. reported Q1 2024 financial results with $54.6 million in revenue, showing a 13% decrease YoY. Despite Life Sciences Products revenue decline, Commercial Cell & Gene Therapy revenue increased 9%. Cryoport reiterated full year 2024 revenue guidance of $242-$252 million, anticipating revenue improvement. The company is investing in supporting life-saving therapies and implementing cost-saving initiatives for positive adjusted EBITDA and cash flow.
Cryoport, Inc. (Nasdaq: CYRX) will report financial results for Q1 2024 on May 7, 2024. A document reviewing financial and operational performance will be issued along with an earnings release. A conference call will address investor questions at 5:00 p.m. ET.