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Mar 31, 2020
Vericel Q1 2020 Earnings Report
Vericel's first quarter results were released, showing revenue growth but increased net loss.
Key Takeaways
Vericel Corporation reported a 22% increase in total net product revenues to $26.7 million for the first quarter of 2020, compared to $21.8 million in the first quarter of 2019. However, the company's net loss increased to $4.7 million, or $0.10 per share, compared to a net loss of $2.8 million, or $0.07 per share, for the first quarter of 2019.
Total net product revenues increased by 22% to $26.7 million.
MACI net revenue was $20.3 million, while Epicel net revenue was $6.4 million.
Net loss was $4.7 million, or $0.10 per share.
The company had $83.3 million in cash and investments as of March 31, 2020.
Vericel
Vericel
Vericel Revenue by Segment
Revenue by Segment
MACI Net Revenue
CapyFin.comEpicel Net Revenue
CapyFin.com Forward Guidance
Due to the continued uncertainties resulting from the impact of the COVID-19 pandemic, the company has withdrawn its previously announced 2020 financial guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income