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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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