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Dec 31, 2024
Vericel Q4 2024 Earnings Report
Reported financial results for the fourth quarter and year ended December 31, 2024.
Key Takeaways
Vericel reported a strong fourth quarter and full-year 2024, with total net revenue for the quarter increasing by 16% to $75.4 million. The company saw growth in MACI and Burn Care revenues, along with a record gross margin of 78% and net income growth of 52% to $19.8 million.
Total net revenue for Q4 2024 reached $75.4 million, a 16% increase year-over-year.
MACI net revenue grew by 21% compared to the prior year and 53% versus the prior quarter, reaching $68.3 million.
Gross margin increased to 78%, a 300 basis points increase compared to the prior year.
Net income grew by 52% to $19.8 million, or $0.38 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 growth of 20% to 23%, gross margin of 73% to 74%, and adjusted EBITDA margin of 25% to 26% for 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income