Management is reaffirming guidance for 2018 as follows:
Biopreservation media revenue is expected to range between $13.6 million and $14.7 million, representing growth of 25% to 35% over 2017 revenue of $11.0 million. Gross margin is expected to be between 62% and 64%, compared with 61% in 2017. To support enhancements to our quality management system, operating expenses are expected to be $9.0 to $9.5 million, compared with $7.8 million in 2017. Full-year GAAP operating profit, with proportional increases in adjusted EBITDA and cash flow from operations."