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CRYO CELL INTERNATIONAL INC [CCEL] reports annual net loss of $9,521,669.0
By USInMinutes - Feb 29, 2024, 05:36 AM ET
Last Updated - Feb 29, 2024, 05:36 AM EST
![CRYO CELL INTERNATIONAL INC [CCEL] reports annual net loss of $9,521,669.0](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FCCEL.png&w=3840&q=75)
Company Reports Revenue of $31.3 million
CRYO CELL INTERNATIONAL INC [CCEL] has reported a net loss of $9,521,669.0 for year ended Nov 30, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $31.3 million
Based in OLDSMAR, Florida, CRYO CELL INTERNATIONAL INC operates in the SERVICES sector.
In the 12 months ended November 30, 2023, the company reported revenue of $31.34 million, showing a growth from $30.34 million in the same period of the previous year. This represents an increase in revenue year-over-year.
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Cost of sales amounted to $8.44 million in the current reporting period, slightly lower compared to the previous year's $8.79 million. This indicates a decrease in the cost of goods sold.
Operating income for the period was a loss of $12.30 million, a significant decline from the operating income of $4.02 million in the previous year's corresponding period. The company experienced a notable decrease in operating income.
The net income for the current reporting period was a loss of $9.52 million, in contrast to a net income of $2.77 million in the same period last year. This signifies a substantial decrease in net income year-over-year.
Earnings per share for basic and diluted amounts were both negative at $(1.14) for the current period, whereas in the previous year, they were at $0.33. This indicates a decline in earnings per share.
The company's financial performance for the 12 months ended November 30, 2023, reflects challenges compared to the same period in the previous year, as evidenced by lower operating income and a significant decrease in net income.
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