Vericel Reports First Quarter 2024 Financial Results and Raises Full-Year 2024 Financial Guidance
Vericel Corporation (VCEL)
Last vericel corporation earnings: 2/25 08:00 am
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US:NASDAQ Investor Relations:
investors.vcel.com/investor-relations
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Source: GlobeNewswire
Total Revenue Increased 25% to $51.3 Million Record First Quarter MACI Revenue of $40.2 Million and Burn Care Revenue Growth of 63% Adjusted EBITDA Growth of 325% Full-Year 2024 Revenue Guidance Raised to $238-$242 Million Conference Call Today at 8:30am Eastern Time CAMBRIDGE, Mass., May 08, 2024 (GLOBE NEWSWIRE) -- Vericel Corporation (NASDAQ:VCEL), a leader in advanced therapies for the sports medicine and severe burn care markets, today reported financial results and business highlights for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Total net revenue increased 25% to $51.3 millionMACI® net revenue growth of 18% to $40.2 millionBurn Care net revenue growth of 63% to $11.1 million, consisting of $10.7 million of Epicel® revenue and $0.4 million of NexoBrid® revenueGross margin of 69%Net loss of $3.9 million, or $0.08 per diluted shareNon-GAAP adjusted EBITDA increased 325% to $7.2 million, representing adjusted EBITDA margin of 14%Opera
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VCEL
News
- Vericel Co. (NASDAQ: VCEL) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Vericel Corporation (NASDAQ:VCEL) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Vericel Co. (NASDAQ: VCEL) had its price target raised by analysts at HC Wainwright from $53.00 to $55.00. They now have a "buy" rating on the stock.MarketBeat
- Here's Why Shareholders May Want To Be Cautious With Increasing Vericel Corporation's (NASDAQ:VCEL) CEO Pay Packet [Yahoo! Finance]Yahoo! Finance
- Vericel to Report First-Quarter 2024 Financial Results on May 8, 2024GlobeNewswire
VCEL
Earnings
- 5/8/24 - Beat
VCEL
Sec Filings
- 5/17/24 - Form 4
- 5/16/24 - Form 144
- 5/15/24 - Form 144
- VCEL's page on the SEC website