Biolife Solutions (BLFS) risk factors, FY2025 10-K

Risks related to our business and operations

1. 01If our products or the products of our competitors do not perform as expected or the reliability of the technology on which our products are based is questioned, we could experience lost revenue, delayed or reduced market acceptance of our products, increased costs, and damage to our reputation
2. 02We operate in a highly competitive industry and if we cannot compete effectively, our business, financial condition and operating results could be materially and adversely affected
3. 03We expect our operating results to fluctuate significantly from period to period
4. 04If intangible assets and goodwill become impaired, we may have to take significant charges against earnings
5. 05Our success will depend on our ability to attract and retain key personnel64% rewritten
6. 06Our business may be subject to product liability claims or product recalls, which could be expensive and could result in a diversion of management’s attention
7. 07Difficulties in manufacturing could have an adverse effect upon our expenses and our product revenues
8. 08We are dependent on our suppliers and third-party manufacturers, including single-source and sole-source suppliers, and disruptions in our supply chain could adversely affect our ability to manufacture and deliver productsNew
9. 09While we are not currently subject to FDA or other regulatory approvals, if our products become subject to regulatory requirements, the manufacture and sale of our products may be delayed or prevented, or we may become subject to increased expenses38% rewritten
10. 10protection laws and regulations could impose significant limitations and increase our cost of providing our products and services where we process end user personal data and could harm our results of operations and expose us to significant fines, penalties, and other damagesNew
11. 11Healthcare reform measures could adversely affect our business and financial results
12. 12Insurance coverage is increasingly difficult to obtain or maintain
13. 13We are and may become the subject of various claims, litigation or investigations which could have a material adverse effect on our business, financial condition, or results of operations or the price of our common stock
14. 14Our business and operations could be negatively affected by securities litigation or stockholder activism, which could impact the trading price and volatility of our common stock and may constrain capital deployment opportunities and adversely impact our ability to expand our business

Risks related to our acquisition and divestiture activities

1. 15Our acquisitions expose us to risks that could adversely affect our business, and we may not achieve the anticipated benefits of acquisitions of businesses or technologies29% rewritten
2. 16Our recent divestitures expose us to ongoing risks and uncertainties, one or more of which could have a material adverse effect on our business, financial condition, results of operations, cash flows, and/or stock priceNew
3. 17These risks, or any future unforeseen risks, could have a material adverse impact on our business, financial condition, results of operations, cash flows or the price of our common stockNew

Risks related to our intellectual property, cyber security, and artificial intelligence

1. 18Our proprietary rights may not adequately protect our technologies and products
2. 19Expiration of our patents may subject us to increased competition and reduce our opportunity to generate product revenue
3. 20We may not be able to protect our intellectual property rights throughout the world
4. 21We may incur substantial costs as a result of litigation or other proceedings relating to patent and other intellectual property rights, and we may be unable to protect our rights to, or use of, our technology
5. 22Even if we are granted a patent, in certain circumstances we may be unable to protect our rights to, or use of, our technology
6. 23U.S. patent laws as well as the laws of some foreign jurisdictions provide for provisional rights in published patent applications beginning on the date of publication, including the right to obtain reasonable royalties, if a patent subsequently issues and certain other conditions are met
7. 24We may be subject to claims that our employees, consultants or independent contractors have wrongfully used or disclosed confidential information of third parties
8. 25The development, deployment and use of AI technologies present new risks and challenges that could adversely impact our businessNew

Risks related to our common stock

1. 26Our stock price and volume may be volatile, and purchasers of our securities could incur substantial losses
2. 27A significant percentage of our outstanding common stock is held by one stockholder, and this stockholder therefore has significant influence on us and our corporate actions25% rewritten
3. 28We have not paid dividends on our common stock in the past and do not expect to pay dividends in the foreseeable future. Any return on investment may be limited to the value of our common stock
4. 29Certain provisions in our Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws and under Delaware law could make an acquisition of us, which may be beneficial to our stockholders, more difficult and may prevent attempts by our stockholders to replace or remove our current management
5. 30Furthermore, unless we consent in writing to the selection of an alternative forum, the federal district courts of the United States of America will be the sole and exclusive forum for the resolution of any complaint asserting a cause of action under the Securities Act

Risks related to accounting matters

1. 31The aforementioned material weaknesses did not result in any identified material misstatements to our financial statements, and there were only immaterial changes to previously released financial results48% rewritten
2. 32Changes in tax laws and regulations could adversely affect our financial condition and results of operationsNew

Risks related to disruptive events

1. 33Natural disasters, geopolitical unrest, war, terrorism, public health issues or other catastrophic events could disrupt the supply, delivery or demand of products, which could negatively affect our operations and performance49% rewritten
2. 34Tariffs and other trade policies could have a substantial impact on our business85% rewritten
3. 35As we increase sales in international markets, any such international instability and reduction in global trade could negatively impact our expansion plans and international sales. Such risks may also affect our customers’ budgets and their policies which may adversely affect our sales revenueNew
4. 36Public health crises have adversely affected, and could in the future adversely affect, our business, financial condition. results of operations and cash flows
5. 37Global climate change and related legal and regulatory developments could negatively affect our business, financial condition and results of operations