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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.
Vericel
Vericel
Vericel Revenue by Segment
Revenue by Segment
MACI Net Revenue
CapyFin.comEpicel Net Revenue
CapyFin.comNexoBrid Net Revenue
CapyFin.com 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