Vericel Reports Third Quarter 2024 Financial Results
Vericel Corporation (VCEL)
Last vericel corporation earnings: 2/25 08:00 am
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US:NASDAQ Investor Relations:
investors.vcel.com/investor-relations
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Source: GlobeNewswire
Total Revenue Growth of 27% to $57.9 Million Gross Margin of 72% and Adjusted EBITDA Growth of 84% Full-Year Profitability Guidance Raised FDA Approval and Commercial Launch of MACI Arthro in Third Quarter Conference Call Today at 8:30am Eastern Time CAMBRIDGE, Mass., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Vericel Corporation (NASDAQ:VCEL), a leader in advanced therapies for the sports medicine and severe burn care markets, today reported financial results and business highlights for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Total net revenue of $57.9 millionMACI® net revenue growth of 19% to $44.7 millionBurn Care net revenue growth of 66% to $13.2 million, consisting of $12.2 million of Epicel® revenue and $1.1 million of NexoBrid® revenueGross margin of 72%, an increase of 480 basis points versus the prior yearNet loss of $0.9 million, or $0.02 per diluted shareNon-GAAP adjusted EBITDA increased 84% to $10.0 million, representing adjus
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VCEL
News
- Vericel Co. (NASDAQ: VCEL) had its price target raised by analysts at Truist Financial Co. from $61.00 to $67.00. They now have a "buy" rating on the stock.MarketBeat
- Vericel Co. (NASDAQ: VCEL) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Vericel Co. (NASDAQ: VCEL) was upgraded by analysts at Stephens to a "strong-buy" rating.MarketBeat
- Vericel Co. (NASDAQ: VCEL) had its price target raised by analysts at BTIG Research from $56.00 to $66.00. They now have a "buy" rating on the stock.MarketBeat
- Vericel Co. (NASDAQ: VCEL) had its "buy" rating re-affirmed by analysts at Canaccord Genuity Group Inc.. They now have a $60.00 price target on the stock.MarketBeat
VCEL
Earnings
- 11/7/24 - Beat
VCEL
Sec Filings
- 12/5/24 - Form 4
- 12/4/24 - Form 144
- 12/3/24 - Form 4
- VCEL's page on the SEC website