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Finance
Cryo-Cell International reports second quarter 2006 results
August 14th, 2006
Cryo-Cell International, Inc. (CCEL) (the company), one of the world's largest and most established family cord blood banks, announced financial results for the second quarter ended May 31, 2006. Consolidated revenues for the second quarter of 2006 were approximately $4.5 million, up 25% from approximately $3.6 million for the second quarter of 2005. The revenue increase was primarily attributable to the successful implementation of a price increase in December 2005 for newly enrolling clients, as well as an overall increase in the customer base over the prior year. The company reported a net loss in the second quarter of 2006 of approximately...
Source: Stem Cell Week (2006-08-14)
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