Why did BLFS's Q4 2024 surprise shrink?

BioLife Solutions Inc. (BLFS) experienced a decline in revenue in Q4 2024 compared to the previous quarter, which can be attributed to several factors: 1. **Strategic Divestitures**: The company sold its biostorage business, which had an impact on revenue. The divestiture was expected to streamline operations and fortify the balance sheet, but it also meant a decrease in storage revenue. 2. **Freezer Business Challenges**: Despite the sale of the biostorage business, BioLife Solutions still faced challenges with its freezer business, which is considered a drag on long-term margins. The company is in the process of exiting this business, which represents less than 13% of sales but impacts long-term profitability. In summary, the decline in revenue for BioLife Solutions in Q4 2024 was likely a result of a combination of strategic divestitures and challenges with the freezer business. |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |BLFS|BLFS.O|BioLife Solutions|2024 Q1|-15.850197597008195|3.1727E7|186| |BLFS|BLFS.O|BioLife Solutions|2024 Q2|-3.1090741184116015|2.8328E7|186| |BLFS|BLFS.O|BioLife Solutions|2024 Q3|29.686505748101645|3.0571E7|186| |BLFS|BLFS.O|BioLife Solutions|2024 Q4|44.20726739449242|-3424000|186|