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Dec 31, 2020
Vericel Q4 2020 Earnings Report
Vericel reported record fourth quarter total revenue, gross margin, net income and operating cash flow.
Key Takeaways
Vericel Corporation reported a 15% increase in total net revenue to $45.2 million for the fourth quarter of 2020, with a net income of $12.2 million. The company's full-year 2021 total revenue is expected to grow 30%-32% to approximately $161 to $164 million.
Total net revenue increased 15% to $45.2 million compared to Q4 2019.
Net income was $12.2 million, or $0.25 per share, compared to $9.5 million, or $0.20 per share, in Q4 2019.
Non-GAAP adjusted EBITDA was $16.0 million, or 35% of net revenue, compared to $12.8 million, or 33% of net revenue, in Q4 2019.
Company had $100 million in cash and investments as of December 31, 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
Total net revenue for 2021 expected to grow 30%-32% to approximately $161 million to $164 million. Gross margin expected to be 70% to 71%. Adjusted EBITDA margin expected to be 21% to 23%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income