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Cord Blood Banking Leader Cryo-Cell Reports Fiscal First Quarter 2021 Financial Results
April 14, 2021 18:14 ET | Source: Cryo-Cell International, Inc. Cryo-Cell International, Inc.
OLDSMAR, Fla., April 14, 2021 (GLOBE NEWSWIRE)
Cryo-Cell International, Inc. (OTC:QB Markets Group Symbol: CCEL) (the “Company”), the world’s first private cord blood bank to separate and store stem cells in 1992, announced results for the fiscal first quarter ended February 28, 2021.
Financial Results
Revenue
The revenues for the first quarter of fiscal 2021 were $6.86 million compared to $7.62 million for the first quarter of fiscal 2020. The revenues for the first quarter of fiscal 2021 consisted of $6.74 million in processing and storage fee revenue, $38,000 in product revenue and approximately $84,000 in public banking revenue compared to $7.41 million in processing and storage fees, approximately $60,000 in product revenue and approximately $154,000 in