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Stock impact report

Vericel Reports First Quarter 2018 Financial Results

Vericel Corporation (VCEL) 
Last vericel corporation earnings: 2/25 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.vcel.com/investor-relations
Company Research Source: GlobeNewswire
Record First Quarter Revenues of $18.0 Million Conference Call Today at 8:30am Eastern Time CAMBRIDGE, Mass., May 08, 2018 (GLOBE NEWSWIRE) -- Vericel Corporation (NASDAQ:VCEL), a leader in advanced cell therapies for the sports medicine and severe burn care markets, today reported financial results and business highlights for the first quarter ended March 31, 2018. First Quarter 2018 Financial Highlights Total net revenues of $18.0 million compared to $9.4 million in the first quarter of 2017; first quarter 2017 revenues included a $2.8 million revenue reserve for Carticel® and MACI® related to a contractual dispute between one of the Company’s pharmacy providers and a third-party payer;  Gross margins of 57% compared to gross margins of 24% in the first quarter of 2017;Net loss of $7.7 million, or $0.21 loss per share, which included warrant-related expense of $2.9 million, compared to net loss of $9.8 million, or $0.31 per share, in the first quarter of 2017, which included $ Show less Read more
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