Cryo-Cell reports loss

Cryo-Cell International Inc. in Oldsmar reported that losses widened last year while revenues remained nearly flat. The stem-cell storage company, which is under court orders to hold a new board election, lost $5-million, or 43 cents a share, on revenues of $17.5-million for the year ended Nov. 30. That compares to a loss of $2.8-million, or 24 cents a share, on revenues of $17.2-million a year earlier. Cryo-Cell's performance report comes three weeks before it asks shareholders to elect six directors, including company chairman and chief executive Mercedes Walton. A dissident shareholder challenged Walton's handling of Cryo-Cell's board election in July, and a Delaware court ordered a revote, which will be held at 3 p.m. on March 4 at the Courtyard Marriott in Oldsmar.

- Times staff writer