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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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