Cryo-Cell Reports Financial Results for Fiscal Year Ended November 30, 2024
Financial Performance: Cryo-Cell International reported a revenue increase to $32.0 million for fiscal 2024, with a net income of $402,000, contrasting with a net loss of $9.5 million in the previous year due to significant impairments.
Company Overview and Future Outlook: Founded in 1989, Cryo-Cell is a leading private cord blood bank that has expanded its services and partnerships, including a collaboration with Duke University, while anticipating higher legal expenses in fiscal 2025.
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Cryo-Cell International Inc Reports Decrease in Q3 Profit
Earnings Decline: Cryo-Cell International Inc reported a decrease in earnings for the third quarter, with profits falling to $0.75 million ($0.09 per share) from $1.05 million ($0.13 per share) in the same period last year.
Revenue Drop: The company's revenue also declined by 3.0%, totaling $7.83 million compared to $8.07 million in the previous year.
Insider Buying Update for Friday, September 12: CCEL, AROW
Cryo-Cell International Insider Activity: Chairman and Co-CEO David Portnoy purchased 42,900 shares of CCEL at $4.43 each, totaling $189,986, and is currently up 6.1% based on recent trading highs.
Arrow Financial Insider Activity: CFO Penko Krassimir Ivanov bought 5,000 shares of AROW at $29.10 each for a total of $145,499, with previous investments totaling $391,248 at an average of $29.14 per share.
