I never stated anything about sales. To quote myself " WOW! Reduced their accounts payable by almost 800k from last quarter. This is tremendous."
Obviously, as a friend pointed out, the bridge loan money went to paying down payable's. In my opinion, I believe this was a smart use of capital.
As far as revenues, exactly as expected. The analyst at Zacks nailed It, 2.7 million for the year. Would I like to have seen sales higher and be surprised, of course, but I'm not disappointed at all because of the following. To be quite honest, I'm not sure how to read this, but either way, it's something that shouldn't be ignored.
If CryoPort is speaking of Zoetis in the following paragraph, why not make it public? CryoPort has made it known before. Or is CryoPort talking about another animal healthcare company? Either way, to quote Shelton. " The success of this relationship should not be underestimated"
"The most significant client relationship that has ramped over the past year is with a leading animal health company through which we are providing our customer integrated solution. This solution includes on-site logistics personnel and our logistics management platform, the Cryoportal, to manage shipments from the client's manufacturing site in the United States to their domestic customers as well as its international distribution centers. The success of this relationship should not be underestimated, as there are opportunities to expand our support of this client as well as utilize this relationship as a case study when speaking with potential clients about the advantages of our solutions."
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