BLFS: Q2 Revenue Pre-Announcement - Analyst Blog

By
A A A

BLFS:  Q2 Revenue Pre-Announcement

Brian Marckx, CFA

This morning (7/9/12) BioLife Solutions Inc. ( BLFS ) pre-announced that Q2 revenue is expected to come in at $1.09 million, representing y-o-y and sequential growth of 76% and 31%, respectively.  This is an all-time record for quarterly revenue and will also be the eighth consecutive quarter of sequential revenue growth.  The pre-announcement does not break out revenue by business line (i.e. - biopreservation media vs. contract manufacturing) but we think it's safe to assume that sales to the new contract manufacturing customer were a significant contributor.

We had modeled revenue of $850k in Q2, with the assumption that sales to the new contract manufacturing customer commence in Q2 but provide a larger contribution in the second half of the year.  Management has not provided quarterly financial guidance so our weighting of our modeled $1.2 million (management's guidance is $1 million - $2 million in 2012) in contract manufacturing revenue mostly in the back half of 2012 was a best-guess at the time.  While it's very possible that contract manufacturing revenue in 2012 will beat our $1.2 million forecast (and 2012 total revenue will beat our $3.8 million forecast), we think it's too early to assume that that will be the case based solely on the beat in Q2.  As such, we continue to model $3.8 million of revenue in 2012 but now with 1H and 2H revenue similar at approximately $1.9 million each.  We will again update our model following the release of the full financials/10-Q.  

We have made no other material changes to our model and are maintaining our Outperform rating and $0.25 price target.


Please visit scr.zacks.com to access a free copy of the BLFS research report


 
BIOLIFE SOL INC (BLFS): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks

Referenced Stocks: BLFS

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

Most Active by Volume

48,099,947
  • $16.09 ▲ 0.50%
40,277,806
  • $102.50 ▲ 0.24%
40,236,499
  • $19.57 ▲ 2.35%
31,092,510
  • $49.75 ▲ 0.65%
30,795,218
  • $34.92 ▲ 0.78%
29,910,855
  • $3.63 ▲ 0.83%
24,019,154
  • $13.06 ▼ 0.38%
23,753,906
  • $74.82 ▲ 1.31%
As of 8/29/2014, 04:04 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com