Tuesday, September 19, 2017 8:22:53 AM
Sorry, I should have been more clear especially regarding this sore subject. I only meant dilution coming from the warrants/options, NOT another capital raise. As of June 30, they had $13 million in cash, and working capital of $12.5 million. Warrant exercises brought in another $1.8M at the end of July, and ~$6M in August, so Cryoport is financially very solid (also debt-free) for the foreseeable future.
You have a good point that management could have timed the capital raise better and should have been better prepared. I read somewhere that NVS requested that Cryoport have a better financial position in preparation for the commercialization.
I think it may be too early to expect management to provide sales forecasts at this point, but it’s entirely reasonable to hold them accountable for their performance. In their defense, margins are improving (all-time high last quarter), and operating expenses as a percentage of revenues last quarter was at an all-time low.
Recent CYRX News
- Form SC 13G - Statement of Beneficial Ownership by Certain Investors • Edgar (US Regulatory) • 09/03/2024 08:23:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/26/2024 11:11:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/20/2024 09:28:55 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 06:55:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/07/2024 12:00:11 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/06/2024 09:17:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/06/2024 08:34:57 PM
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- Cryoport Announces $200 Million Repurchase Program and the Repurchase of $160 Million of Convertible Senior Notes • PR Newswire (US) • 08/06/2024 08:05:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/02/2024 08:22:37 PM
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- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 06/14/2024 08:31:02 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/30/2024 08:45:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/22/2024 09:10:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/21/2024 11:03:11 PM
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