Loading...
•
Dec 31, 2023
Vericel Q4 2023 Earnings Report
Vericel reported strong Q4 2023 financial results, with revenue growth and increased profitability.
Key Takeaways
Vericel Corporation reported a 23% increase in total net revenue to $65.0 million for the fourth quarter of 2023. Net income grew by 119% to $13.0 million, and non-GAAP adjusted EBITDA increased by 50% to $22.3 million. The company provided full-year 2024 revenue guidance of $237 to $241 million.
Total net revenue increased by 23% to $65.0 million.
MACI net revenue grew by 22% to $56.7 million.
Burn Care net revenue increased by 31% to $8.3 million.
Net income grew by 119% to $13.0 million, or $0.26 per diluted share.
Revenue by Segment
Forward Guidance
Vericel expects total net revenue for 2024 to be in the range of $237 to $241 million, with a gross margin of approximately 70% and an adjusted EBITDA margin of approximately 20%.
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...