Loading...
•
Mar 31, 2022
Vericel Q1 2022 Earnings Report
Vericel reported financial results for the first quarter ended March 31, 2022.
Key Takeaways
Vericel Corporation reported a 4% increase in total net revenue for Q1 2022, reaching $36.1 million compared to $34.6 million in Q1 2021. The company experienced a net loss of $7.1 million, or $0.15 per share, compared to a net loss of $3.3 million, or $0.07 per share, in the same quarter of the previous year.
Total net revenue reached $36.1 million, a 4% increase compared to Q1 2021.
MACI net revenue was $26.0 million, while Epicel net revenue was $9.9 million.
Net loss amounted to $7.1 million, or $0.15 per share.
The company had approximately $130 million in cash, restricted cash and investments as of March 31, 2022.
Vericel
Vericel
Vericel Revenue by Segment
Revenue by Segment
MACI Net Revenue
CapyFin.comEpicel Net Revenue
CapyFin.comNexoBrid Net Revenue
CapyFin.com Forward Guidance
The Company reaffirmed financial guidance for full-year 2022
Positive Outlook
- Total net revenue for 2022 expected to be in the range of $178 to $189 million
- MACI revenue expected to be in the range of $132 to $141 million
- Epicel revenue expected to be in the range of $45.5 to $47.5 million
- Gross margin expected to be approximately 70%
- Adjusted EBITDA margin expected to be approximately 21%
Revenue & Expenses
Visualization of income flow from segment revenue to net income