BioLife Solutions Inc (BLFS)

[techisbest]

I think management did a good job providing a heads up.

From the first quarter report:

Roderick de Greef, BioLife Chief Financial Officer, remarked, "Our first quarter financial results continue a multi-quarter trend of across-the-board improvements, culminating with achieving operating profitability earlier than anticipated. The recent warrant exercises, combined with our expectation for ongoing positive cash flow from operations, materially enhance our cash position and strengthens our balance sheet."

2018 Financial Guidance

Management is updating its financial guidance for 2018 as follows:

Affirming biopreservation media revenue is now expected to range between $14.5 million to $15.5 million, representing growth of 32% to 41% over 2017.
Increasing gross margin to 63% to 65%, up from prior guidance of 62% to 64% and up from 61% in 2017.
Affirming operating expenses to range between $9.0 to $9.5 million; compared with $7.8 million in 2017; and
Affirming full-year GAAP operating profit, with proportional increases in adjusted EBITDA and cash flow from operations.