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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.
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 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