BioLife Solutions announces preliminary 2017 revenue and 2018 guidance

|About: BioLife Solutions, Inc. (BLFS)|By:, SA News Editor

BioLife Solutions (NASDAQ:BLFSannounces preliminary Q4 and FY2017 revenue and financial guidance for 2018.

Preliminary revenue for the Q4 and FY17 was $3.1M and $11M respectively, with year-end cash balance of $6.7M.

Management has issued financial guidance for 2018 as follows:

Biopreservation media revenue in the range of $13.6M - $14.7M.

Gross margin of 62% - 64%.

Operating expenses of $9M - $9.5M.

Shares are up 3% premarket  on light volume.

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