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Dec 31, 2019
Vericel Q4 2019 Earnings Report
Vericel reported record quarterly revenue and profit, with total net product revenues increasing by 26% to $39.4 million compared to the fourth quarter of 2018.
Key Takeaways
Vericel Corporation reported financial results for Q4 and full year 2019. The company's total net product revenues increased by 26% to $39.4 million compared to Q4 2018. Net income was $9.5 million, or $0.20 per share, compared to $5.2 million, or $0.11 per share, in the fourth quarter of 2018.
Total net product revenues increased 26% to $39.4 million compared to the fourth quarter of 2018.
MACI net revenue was $33.6 million and Epicel net revenue was $5.8 million.
Net income was $9.5 million, or $0.20 per share, compared to $5.2 million, or $0.11 per share, in the fourth quarter of 2018.
Non-GAAP adjusted EBITDA was $12.8 million, compared to $7.7 million in the fourth quarter of 2018.
Vericel
Vericel
Vericel Revenue by Segment
Revenue by Segment
MACI Net Revenue
CapyFin.comEpicel Net Revenue
CapyFin.com Forward Guidance
The company expects total net revenues for 2020 to be in the range of $141 million to $146 million, including full-year revenue of approximately $3.0 million from BARDA’s emergency stockpile purchases of NexoBrid.
Revenue & Expenses
Visualization of income flow from segment revenue to net income