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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Cryo-Cell Reports Second Quarter Results, $4.9M Revenue 0 comments
    Jul 16, 2013 11:12 AM

    Originally published at www.seclive.com

    Filing in Focus: Cryo-Cell International 10-Q, July 15, 2013

    Cryo-Cell International (OTCQB:CCEL) reported a second quarter revenue increase in its most recent form 10-Q filing of $500K, up to $4.9M from $4.4M last year this quarter. The world's first private cord blood bank reported a net loss of $244K, or losses per share of $0.02, compared to its net loss this quarter last year of $3.2M and $0.28 losses per share. The net loss is attributed to two one-time charges totaling $598K; $379K for abandoned patents and trademarks and $219K in legal fees related to a court case. As of May 31, the company reported an increase in cash and cash equivalents of $227K to $2.9M while it also maintains no long-term debt. Chairman and CEO David Portnoy remarked that the results show the company is growing stronger and that its sales and marketing initiatives are reaping results.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: CCEL, form 10-Q, earnings
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