Cryo-Cell International, Inc. Reports Earnings Results for the Third Quarter Ended August 31, 2021
October 15, 2021 at 10:02 pm
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Cryo-Cell International, Inc. announced earnings results for the third quarter ended August 31, 2021. For the third quarter, the company announced total revenue was USD 7.503 million compared to USD 8.114 million a year ago. Operating income was USD 1.596 million compared to USD 2.480 million a year ago. Net income was USD 856,494 compared to USD 784,467 a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to USD 0.1 a year ago. For the nine months, total revenue was USD 21.569 million compared to USD 23.606 million a year ago. Operating income was USD 4.826 million compared to USD 5.481 million a year ago. Net income was USD 2.720 million compared to USD 2.424 million a year ago. Basic earnings per share from continuing operations was USD 0.34 compared to USD 0.32 a year ago. Diluted earnings per share from continuing operations was USD 0.33 compared to USD 0.3 a year ago.
Cryo-Cell International, Inc. is a cord blood banking company. The Company operates through three segments: cellular processing and cryogenic storage for family use, with a focus on the collection and preservation of umbilical cord blood and tissue stem cells; manufacture of PrepaCyte CB Processing System (PrepaCyte CB) units, the processing technology used to process umbilical cord blood stem cells, and cellular processing and cryogenic storage of umbilical cord blood stem cells for public use. The Company stores approximately 235,000 cord blood and cord tissue specimens. The specimens are stored in commercially available cryogenic storage units at its technologically and operationally advanced facility. The Company markets its cord blood stem cell preservation services directly to expectant parents and by distributing information through obstetricians, pediatricians, childbirth educators, certified nurse-midwives, and other related healthcare professionals.
CRYO-CELL INTERNATIONAL, INC. 
