Company Overview and History
According to its filings, Cryoport (CYRX) “became public by a reverse merger with a ‘shell’ company in May 2005.” From the beginning, the company specialized in developing equipment for transporting biological materials at cryogenic temperatures, and it later entered the service and logistics side of that business. At the time it went public, the company had 3 patents related to cryogenic shipping, which were issued between 2000 and 2003.
In its 15 years as a public company, Cryoport has never once had a profitable year and has racked