Loading...
•
Sep 30, 2023
Vericel Q3 2023 Earnings Report
Reported financial results and business highlights for the third quarter ended September 30, 2023.
Key Takeaways
Vericel Corporation reported a record third quarter revenue of $45.6 million, representing an 18% growth compared to the prior year. The company raised its full-year 2023 revenue guidance to $192.5-197.5 million.
Total net revenue reached $45.6 million.
MACI® net revenue was $37.6 million.
Net loss amounted to $3.7 million, or $0.08 per diluted share.
Non-GAAP adjusted EBITDA was $5.4 million.
Revenue by Segment
Forward Guidance
Total net revenue for 2023 is now expected to be in the range of $192.5 to $197.5 million. Maintaining profitability guidance of gross margin in the high-60% range and adjusted EBITDA margin in the mid-teens % range
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
Loading earnings performance data...
Loading earnings reaction data...