Investors can contact the law firm at no cost to learn more about recovering their losses

LOS ANGELES, July 17, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Cryoport, Inc. (“Cryoport,” or the “Company”) (NASDAQ: CYRX) investors that the firm has initiated an investigation into possible securities violations and may file a class action on behalf of investors. Cryoport investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

Cryoport disclosed its preliminary financial results for the second quarter ending on June 30, 2023, on July 12, 2023. The announcement revealed that the estimated total revenue for the second quarter of 2023 is anticipated to range between $56.5 and $57.5 million. This represents an 11% decrease at the midpoint compared to the same quarter in 2022. The disclosed reasons for these results include weaker global demand for capital equipment, delays in clinical trial starts, and slower-than-expected progress from specific clients. Consequently, the Company's stock price experienced a decline in response to this information.

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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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