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