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Mar 31, 2024
Vericel Q1 2024 Earnings Report
Reported a strong start to the year with top-tier revenue growth, significant margin expansion, and profitability growth.
Key Takeaways
Vericel Corporation reported a 25% increase in total revenue to $51.3 million for Q1 2024. MACI revenue grew by 18% to $40.2 million, and Burn Care revenue increased by 63%. The company's adjusted EBITDA increased by 325% and raised its full-year revenue guidance to $238-$242 million.
Total net revenue increased 25% to $51.3 million.
MACI net revenue growth of 18% to $40.2 million.
Burn Care net revenue growth of 63% to $11.1 million.
Non-GAAP adjusted EBITDA increased 325% to $7.2 million.
Vericel
Vericel
Vericel Revenue by Segment
Revenue by Segment
MACI Net Revenue
CapyFin.comEpicel Net Revenue
CapyFin.comNexoBrid Net Revenue
CapyFin.com Forward Guidance
Vericel expects total net revenue for 2024 to be in the range of $238 to $242 million. The company maintains profitability guidance of gross margin of approximately 70% and adjusted EBITDA margin of approximately 20%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income