Private company

ThermoGenesis Holdings, Inc.

American laboratory apparatus and furniture company based in Rancho Cordova2

In its 2024 annual report the company says: “ThermoGenesis Holdings, Inc. develops and commercializes a range of automated technologies for cell-banking, cell-processing, and cell-based therapeutics. The Company provides the AutoXpress® and BioArchive® platforms for automated clinical bio-banking, PXP® platform for point-of-care cell-based therapies and X-Series® products for cell processing services.”4

Last updated Oct 20, 2026.

Overview

  • IndustryLaboratory Apparatus & Furniture2
  • HeadquartersRancho Cordova, United States2
  • Incorporated inDE3
  • Business address2890 Kilgore Rd., Rancho Cordova, Ca 956703
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI54930046CTH3DLQ1AR472
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O The Company Corporation, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 20954472

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ThermoGenesis Holdings, Inc. (“ThermoGenesis Holdings,” the “Company,” “we,” “our,” “us”) develops and commercializes a range of automated technologies for cell-banking, cell-processing, and cell-based therapeutics. Since the 1990’s, ThermoGenesis Holdings has been a pioneer in, and a leading provider of, automated systems that isolate, purify and cryogenically store units of hematopoietic stem and progenitor cells for the cord blood banking industry. The Company was founded in 1986 and is incorporated in the State of Delaware and headquartered in Rancho Cordova, CA.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

20.4%Gross margin5
-91.2%Operating margin5
-200.3%Net margin5
-9.9%Revenue growth, 20235
-$5.5MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue29¢$7.5M
  • Research and development5¢$1.3M
  • Selling, general and admin28¢$7.2M
  • Interest39¢$10.0M

Out of $9.4M in revenue.5 The company lost money this year.

Financial statements

Revenue67895$9.4M in 2023−35% since 2017
0$5.0M$10.0M$15.0M2017: $14.5M$14.5M20172018: $9.7M$9.7M2018−33%2019: $13.0M$13.0M2019+35%2020: $9.7M$9.7M2020−25%2021: $9.3M$9.3M2021−5%2022: $10.5M$10.5M2022+13%2023: $9.4M$9.4M2023−10%
Gross profit6781095$1.9M in 2023−67% since 2017
0$2.0M$4.0M$6.0M2017: $5.8M$5.8M20172018: $2.2M$2.2M2018−62%2019: $5.7M$5.7M2019+160%2020: $1.3M$1.3M2020−78%2021: $3.5M$3.5M2021+177%2022: $2.7M$2.7M2022−22%2023: $1.9M$1.9M2023−29%
Operating income6781095-$8.6M in 2023−8% since 2017
-$60.0M-$40.0M-$20.0M02017: -$9.4M-$9.4M20172018: -$43.5M-$43.5M2018+365%2019: -$4.7M-$4.7M2019−89%2020: -$8.9M-$8.9M2020+88%2021: -$7.2M-$7.2M2021−19%2022: -$6.2M-$6.2M2022−14%2023: -$8.6M-$8.6M2023+39%
Net income11781095-$18.9M in 2023−35% since 2017
-$60.0M-$40.0M-$20.0M02017: -$29.1M-$29.1M20172018: -$40.9M-$40.9M2018+41%2019: -$10.1M-$10.1M2019−75%2020: -$16.8M-$16.8M2020+66%2021: -$11.9M-$11.9M2021−29%2022: -$11.8M-$11.8M2022−1%2023: -$18.9M-$18.9M2023+60%
Fiscal year2017201820192020202120222023
Revenue$14.5M6$9.7M7$13.0M8$9.7M8$9.3M9$10.5M5$9.4M5
Cost of revenue$8.7M11$7.5M7$7.4M8$8.5M10$5.8M9$7.8M5$7.5M5
Gross profit$5.8M6$2.2M7$5.7M8$1.3M10$3.5M9$2.7M5$1.9M5
Research and development$2.5M6$3.0M7$2.4M8$2.5M10$2.2M9$1.7M5$1.3M5
Selling, general and admin$7.7M10$8.5M9$7.2M5$7.2M5
Operating expenses$10.7M9$8.9M5$10.5M5
Operating income-$9.4M6-$43.5M7-$4.7M8-$8.9M10-$7.2M9-$6.2M5-$8.6M5
Interest$20.5M6$2.7M7$4.5M8$7.9M10$6.1M9$5.6M5$10.0M5
Income tax-$673.0K6-$4.7M7$07$09$09
Net income-$29.1M11-$40.9M7-$10.1M8-$16.8M10-$11.9M9-$11.8M5-$18.9M5
Earnings per share-$43.419-$20.455-$7.595
Shares (weighted, basic)262.1K shares9551.0K shares52.4M shares5

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Corporate structure

ThermoGenesis Holdings, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of ThermoGenesis Holdings, Inc.

  • Boyalife Group, Inc. Filed SC 13D/A on ThermoGenesis Holdings, Inc., latest Nov 28, 2023 (4 filings since Nov 9, 2022)
  • Xiaochun Xu Filed SC 13D/A on ThermoGenesis Holdings, Inc., latest Mar 9, 2023
  • FOLEY & LARDNER/ FA Filed SC 13D/A on ThermoGenesis Holdings, Inc., latest Feb 16, 2023
  • Boyalife Asset Holding II, Inc. Filed SC 13D/A on ThermoGenesis Holdings, Inc., latest Aug 5, 2022 (2 filings since Jul 12, 2022)
  • ThermoGenesis Holdings, Inc. Rancho Cordova, California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What ThermoGenesis Holdings, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress$131.0K5 Dec 31, 2023$391.0K5 Dec 31, 2022−66.5%
Property and equipment, before depreciation$10.2M5 Dec 31, 2023$8.4M5 Dec 31, 2022+20.5%
Accumulated depreciation$7.6M5 Dec 31, 2023$7.2M5 Dec 31, 2022+5.6%
Property and equipment, net$2.6M5 Dec 31, 2023$1.3M5 Dec 31, 2022+106.2%
Operating-lease assets (leased space)$372.0K9 Dec 31, 2022$571.0K9 Dec 31, 2021−34.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.0M5 Dec 31, 2023$4.2M5 Dec 31, 2022−52.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$781.0K5 Dec 31, 2022$781.0K5 Dec 31, 20210%
Intangible assets, net (excluding goodwill)$1.3M5 Dec 31, 2022$1.3M5 Dec 31, 2021−2.4%
Finite-lived intangibles, gross$1.2M9 Dec 31, 2022$1.3M9 Dec 31, 2021−6.9%
Accumulated amortization$1.1M9 Dec 31, 2022$1.1M9 Dec 31, 2021−5.1%
Finite-lived intangibles, net$143.0K9 Dec 31, 2022$175.0K9 Dec 31, 2021−18.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.4M5 Dec 31, 2023$3.3M5 Dec 31, 2022−57.8%

Leadership

Who has led ThermoGenesis Holdings, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Philip H. Coelho2006–2007
  2. William R. Osgood2007–2008
  3. Matthew T. Plavan2009–2015
  4. J. Melville Engle2009–2011
  5. Robin C. Stracey2015–2016

Chair

  1. J. Melville Engle2011

President

  1. Kevin Simpson2006
  2. Kenneth Harris2014–2015

Chief financial officer

  1. Matthew T. Plavan2007–2011
  2. Dan T. Bessey2013–2014
  3. Michael Bruch2015–2016
  4. Jeffery Cauble2020–2021

Chief operating officer

  1. Kevin Simpson2006
  2. Matthew T. Plavan2009–2010
  3. Vivian H. Liu2017–2018
2010201520202025
Board members and other officers (38)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Chief Executive Officer and Chairman of the BoardXiaochun Xu named Mar 28, 202363
  • DirectorJoseph Thomis named Mar 28, 202363

Former names

  • CESCA THERAPEUTICS INC.Feb 21, 2014 to Oct 31, 20193
  • THERMOGENESIS CORPDec 11, 1996 to Feb 19, 20143
  • THERM0GENESIS CORPOct 30, 1995 to Nov 3, 19953

Timeline

  1. Jan 6, 20258-K Entered a material agreement64
  2. Aug 6, 20248-K Change of auditor65
  3. Jul 16, 20248-K Other events66
  4. Jul 16, 20248-K Executive or director change67
  5. Jul 11, 20248-K Debt or obligation accelerated68
  6. Jul 2, 20248-K Other events69
  7. Jun 26, 20248-K Executive or director change70
  8. Jun 11, 20248-K Listing notice or transfer71
  9. Jun 4, 20248-K Other events72
  10. Apr 24, 20248-K Listing notice or transfer73
  11. Mar 20, 20248-K Other events74
  12. Mar 12, 20248-K Executive or director change75
  13. Jun 11, 2015New chief executive Robin C. Stracey becomes CEO15
  14. Apr 24, 2009New chief executive J. Melville Engle becomes CEO17
  15. Jan 16, 2009New chief executive Matthew T. Plavan becomes CEO16
  16. Aug 3, 2007New chief executive William R. Osgood becomes CEO18
  17. May 15, 2006New chief executive Philip H. Coelho becomes CEO19
  18. Jul 3, 1986Founded ThermoGenesis Holdings, Inc. is founded2

Calendar

When it reported results

  1. Nov 13, 2023Reported quarterly or annual results76
  2. Aug 10, 2023Reported quarterly or annual results77
  3. May 15, 2023Reported quarterly or annual results78
  4. Mar 30, 2023Reported quarterly or annual results79
  5. Nov 10, 2022Reported quarterly or annual results80
  6. Aug 11, 2022Reported quarterly or annual results81
  7. May 19, 2022Reported quarterly or annual results82
  8. Mar 28, 2022Reported quarterly or annual results83

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

124 filings to the SEC since October 2021: 4 annual reports, 8 quarterly reports, 53 major events, 9 insider forms, 8 large holders, 1 private raises, 41 other. The latest 20:

  1. Jan 6, 20258-K EDGAR
  2. Aug 15, 2024NT 10-Q EDGAR
  3. Aug 6, 20248-K EDGAR
  4. Jul 16, 20248-K EDGAR
  5. Jul 16, 20248-K EDGAR
  6. Jul 11, 20248-K EDGAR
  7. Jul 9, 20244 EDGAR
  8. Jul 2, 20248-K EDGAR
  9. Jun 28, 202425-NSE EDGAR
  10. Jun 26, 20248-K EDGAR
  11. Jun 11, 20248-K EDGAR
  12. Jun 4, 20248-K EDGAR
  13. May 17, 202410-Q EDGAR
  14. May 16, 2024NT 10-Q EDGAR
  15. Apr 24, 20248-K EDGAR
  16. Apr 16, 202410-K EDGAR
  17. Apr 2, 2024NT 10-K EDGAR
  18. Mar 20, 20248-K EDGAR
  19. Mar 19, 20244 EDGAR
  20. Mar 12, 20248-K EDGAR

The 124 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 17, 2023Xu XiaochunCEOSale600,000$1.02$612.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Mar 20, 2023Raised $3 million in a private offering of equity Form D: 1 investor so far Form D

SEC filer profile

How ThermoGenesis Holdings, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARThermoGenesis Holdings, Inc.1
  • CIK0000811212
  • Employer ID (EIN)94-30184871
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3821 Laboratory Apparatus & Furniture1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address2890 Kilgore Rd., Rancho Cordova, CA 956701
  • Phone91685851001
  • Shares outstanding7,952,780 as of May 13, 202414
  • Public float$2.8M as of Jun 30, 20235
  • On EDGAR sinceOct 30, 19951
  • Filings1,218 in all: 8-K (333), 4 (315), 10-Q (83), 3 (53), DEF 14A (32), 10-K (26), 424B3 (26), SC 13G (24)1
    All 56 form types

    S-3 (21), CORRESP (20), SC 13G/A (19), 425 (18), EFFECT (17), UPLOAD (17), DEFA14A (16), PRE 14A (15), S-8 (14), SC 13D/A (13), 424B5 (11), 10-K/A (10), 4/A (10), 5 (10), CT ORDER (10), 8-K/A (8), S-1/A (8), S-3/A (8), SC 13D (8), NT 10-Q (7), SD (6), 424B1 (5), 424B2 (5), D (5), 10KSB/A (4), PRER14A (4), S-1 (4), 10-Q/A (3), 10QSB (3), REGDEX (3), S-4/A (3), 10QSB/A (2), 424B4 (2), ARS (2), POS AM (2), 10-K405 (1), 10-KT (1), 10KSB (1), 10KSB40/A (1), 25-NSE (1), 3/A (1), DEFR14A (1), FWP (1), NT 10-K (1), POS EX (1), RW (1), S-1MEF (1), S-4 (1)

  • Latest filingsAnnual report (10-K) Apr 16, 2024
    Quarterly report (10-Q) May 17, 2024
    Proxy statement (DEF 14A) Oct 26, 2023
    Latest 8-K (8-K) Jan 6, 2025

Sources

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