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Sep 30, 2020
Vericel Q3 2020 Earnings Report
Reported record third quarter revenues and net income.
Key Takeaways
Vericel Corporation reported a 6% increase in total net revenues, reaching $32.3 million for the third quarter of 2020, compared to $30.5 million in the third quarter of 2019. The company's net income also increased to $3.6 million, or $0.08 per share, compared to $3.5 million, or $0.07 per share, for the third quarter of 2019.
Total net revenues reached $32.3 million, compared to $30.5 million in Q3 2019.
MACI net revenue was $24.4 million, Epicel net revenue was $6.7 million, and NexoBrid revenue was $1.2 million.
Net income was $3.6 million, or $0.08 per share, compared to $3.5 million, or $0.07 per share, in Q3 2019.
Cash and investments totaled $85.5 million as of September 30, 2020.
Revenue by Segment
Forward Guidance
Vericel is on track to deliver strong revenue and profit growth in the years ahead.
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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