Cryo-Cell improves profitability

Cryo-Cell International Inc. generated $4.5 million in revenue in the third quarter of the 2010 fiscal year, down slightly from the $4.6 million earned a year ago. But profits shot up — from $432,000 last year, to $2.3 million this year.

The increase in net income resulted largely from a 12% decrease in the cost of sales, the company said in a release.

The company's latest performance gives it roughly $3 million in year-to-date profits. Cryo-Cell is in a strong capital position as well, with roughly $9 million in cash and cash equivalents, and no long-term debt on the balance sheet.