Reflect Scientific Inc. Reports Strong Revenue Growth in 2024
Reflect Scientific (OTC: RSCF) reported significant revenue growth for fiscal year 2024, driven by increased demand for Cryometrix ultra-low temperature freezers and solvent chillers. The company experienced strong performance in life sciences and cold chain logistics sectors.
Key achievements include:
- Revenue increase compared to 2023, reversing previous industry slowdown
- Higher adoption of Cryometrix products in pharmaceutical, biotech, and natural product extraction industries
- Expanded refrigerated transport solutions using proprietary liquid nitrogen cooling technology
- Improved profitability margins through strategic cost management and supply chain optimizations
The company's eco-friendly, liquid nitrogen-based cooling technology gained wider market recognition, particularly in refrigerated transport, offering a cost-effective alternative to traditional diesel-powered systems.
Reflect Scientific (OTC: RSCF) ha riportato una significativa crescita dei ricavi per l'anno fiscale 2024, grazie all'aumento della domanda per i congelatori a ultra-bassa temperatura Cryometrix e per i refrigeratori di solventi. L'azienda ha registrato una forte performance nei settori delle scienze della vita e della logistica della catena del freddo.
Le principali realizzazioni includono:
- Aumento dei ricavi rispetto al 2023, invertendo il precedente rallentamento del settore
- Maggiore adozione dei prodotti Cryometrix nelle industrie farmaceutiche, biotecnologiche e di estrazione di prodotti naturali
- Soluzioni di trasporto refrigerato ampliate utilizzando tecnologia di raffreddamento a base di azoto liquido proprietaria
- Miglioramento dei margini di profitto attraverso una gestione strategica dei costi e ottimizzazioni della catena di approvvigionamento
La tecnologia di raffreddamento ecologica a base di azoto liquido dell'azienda ha ottenuto un riconoscimento di mercato più ampio, in particolare nel trasporto refrigerato, offrendo un'alternativa economica ai tradizionali sistemi alimentati a diesel.
Reflect Scientific (OTC: RSCF) reportó un crecimiento significativo en los ingresos para el año fiscal 2024, impulsado por el aumento de la demanda de congeladores Cryometrix de ultra-baja temperatura y enfriadores de solventes. La empresa experimentó un fuerte desempeño en los sectores de ciencias de la vida y logística de cadena de frío.
Los logros clave incluyen:
- Aumento de ingresos en comparación con 2023, invirtiendo la desaceleración anterior de la industria
- Mayor adopción de productos Cryometrix en las industrias farmacéutica, biotecnológica y de extracción de productos naturales
- Soluciones de transporte refrigerado ampliadas utilizando tecnología de enfriamiento a base de nitrógeno líquido propietaria
- Mejora de los márgenes de rentabilidad a través de una gestión estratégica de costos y optimizaciones de la cadena de suministro
La tecnología de enfriamiento ecológica a base de nitrógeno líquido de la empresa ganó un mayor reconocimiento en el mercado, especialmente en el transporte refrigerado, ofreciendo una alternativa rentable a los sistemas tradicionales impulsados por diésel.
Reflect Scientific (OTC: RSCF)는 2024 회계연도 동안 Cryometrix의 초저온 냉동고와 용매 냉각기에 대한 수요 증가에 힘입어 상당한 매출 성장을 보고했습니다. 이 회사는 생명 과학 및 콜드 체인 물류 분야에서 강력한 성과를 경험했습니다.
주요 성과는 다음과 같습니다:
- 2023년 대비 매출 증가, 이전 산업 둔화 반전
- 제약, 생명공학 및 자연 제품 추출 산업에서 Cryometrix 제품의 높은 채택
- 독점 액체 질소 냉각 기술을 사용한 확장된 냉장 운송 솔루션
- 전략적 비용 관리 및 공급망 최적화를 통한 수익성 마진 개선
회사의 친환경 액체 질소 기반 냉각 기술은 특히 냉장 운송 분야에서 더 넓은 시장 인정을 받았으며, 전통적인 디젤 동력 시스템에 대한 비용 효율적인 대안을 제공합니다.
Reflect Scientific (OTC: RSCF) a rapporté une croissance significative de ses revenus pour l'exercice 2024, grâce à une demande accrue pour les congélateurs Cryometrix à ultra-basse température et les refroidisseurs de solvant. L'entreprise a connu de solides performances dans les secteurs des sciences de la vie et de la logistique de la chaîne du froid.
Les réalisations clés incluent :
- Augmentation des revenus par rapport à 2023, inversant le ralentissement précédent de l'industrie
- Adoption accrue des produits Cryometrix dans les secteurs pharmaceutique, biotechnologique et d'extraction de produits naturels
- Solutions de transport réfrigéré élargies utilisant une technologie de refroidissement à base d'azote liquide propriétaire
- Amélioration des marges de rentabilité grâce à une gestion stratégique des coûts et à des optimisations de la chaîne d'approvisionnement
La technologie de refroidissement écologique à base d'azote liquide de l'entreprise a gagné une reconnaissance de marché plus large, notamment dans le transport réfrigéré, offrant une alternative économique aux systèmes traditionnels alimentés au diesel.
Reflect Scientific (OTC: RSCF) berichtete über ein signifikantes Umsatzwachstum für das Geschäftsjahr 2024, das durch die gestiegene Nachfrage nach Cryometrix-Ultra-Tiefkühltruhen und Lösungsmittelkühlern angetrieben wurde. Das Unternehmen verzeichnete eine starke Leistung in den Bereichen Lebenswissenschaften und Kühlkettenlogistik.
Wichtige Erfolge umfassen:
- Umsatzsteigerung im Vergleich zu 2023, die die vorherige Branchenverlangsamung umkehrt
- Höhere Akzeptanz von Cryometrix-Produkten in der Pharma-, Biotech- und Naturprodukte-Extraktionsindustrie
- Erweiterte Kühltransportlösungen mit proprietärer flüssiger Stickstoffkühltechnologie
- Verbesserte Gewinnmargen durch strategisches Kostenmanagement und Optimierung der Lieferkette
Die umweltfreundliche, auf flüssigem Stickstoff basierende Kühltechnologie des Unternehmens erhielt breitere Marktanerkennung, insbesondere im Kühltransport, und bietet eine kosteneffiziente Alternative zu herkömmlichen dieselbetriebenen Systemen.
- Strong revenue growth in 2024 compared to 2023
- Improved profitability margins through cost management
- Increased market penetration in pharmaceutical and biotech sectors
- Successful expansion into refrigerated transport solutions
- None.
OREM, Utah, March 20, 2025 (GLOBE NEWSWIRE) -- Reflect Scientific, Inc. (OTC: RSCF), a leading provider of cryogenic cooling and laboratory equipment, is pleased to announce a significant increase in revenue for the fiscal year ending December 31, 2024. The company experienced strong financial growth, driven by increased demand for its Cryometrix ultra-low temperature freezers and solvent chillers and expanded sales in the life sciences and cold chain logistics sectors.
Reflect Scientific’s revenue for 2024 increased substantially compared to 2023, reflecting a rebound in customer demand, strategic product innovations, and strong market positioning. The company’s expansion into refrigerated transport solutions using its proprietary liquid nitrogen cooling technology contributed significantly to revenue growth.
Key Highlights from 2024:
- Revenue Growth: Reflect Scientific's total revenue increased strongly compared to 2023, reversing the prior year’s industry-wide slowdown.
- Expansion in Key Markets: Sales of Cryometrix ultra-low-temperature freezers and solvent chillers experienced higher adoption rates in the pharmaceutical, biotech, and natural product extraction industries.
- Innovation and Sustainability: The company’s eco-friendly, liquid nitrogen-based cooling technology gained wider recognition, particularly in refrigerated transport, offering a cost-effective and pollutant-free alternative to traditional diesel-powered refrigeration systems.
- Strong Financial Position: Reflect Scientific maintained a solid financial position, with improved profitability margins and operational efficiencies achieved through strategic cost management and supply chain optimizations.
Reflect Scientific’s CEO, Kim Boyce, commented on the results, stating:
"We are extremely pleased with our performance in 2024, as it reflects our commitment to delivering innovative, energy-efficient cooling solutions to our customers. The strong revenue increase highlights the success of our Cryometrix technology, which continues to disrupt the life sciences and cold chain logistics industries with its efficiency, reliability, and environmental benefits. As we move into 2025, we remain focused on further expanding our market presence and enhancing our product portfolio to sustain long-term growth."
Looking Ahead
Reflect Scientific remains committed to advancing its cutting-edge cooling technologies to meet the growing demands of the pharmaceutical, biotechnology, and industrial sectors. The company is actively exploring new product enhancements, strategic partnerships, and market expansion opportunities to build on its strong momentum in 2025.
About Reflect Scientific Inc.
Reflect Scientific, Inc. (OTC: RSCF) provides advanced cryogenic cooling and laboratory equipment solutions, serving the life sciences, biotechnology, and transportation industries. The company's proprietary Cryometrix™ freezers and solvent chillers are designed for high-efficiency, ultra-low temperature storage and processing. Reflect Scientific continues innovating with sustainable, eco-friendly cooling solutions that offer superior performance to conventional refrigeration technologies. Visit reflectscientific.com for more information. See us on Twitter @ReflectSci and LinkedIn www.linkedin.com/company/reflect-scientific.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of the disclosures contained in the filings of the Company that are contained in the OTC Markets Group, LLC under the trading symbol “RSCF” and related prior filings by the Company that are referenced therein and contained in the EDGAR Archives of the Securities and Exchange Commission under the heading “Disclosure,” including those identified in such filings as “forward-looking statements.”
Contact Investor Relations 801-607-1039 info@reflectscientific.com
FAQ
What drove Reflect Scientific's (RSCF) revenue growth in 2024?
How did RSCF improve its financial performance in 2024?
What markets showed higher adoption of RSCF's Cryometrix technology in 2024?
What competitive advantage does RSCF's cooling technology offer in refrigerated transport?
