earnings
confidence high
sentiment positive
materiality 0.85
Vericel reports preliminary FY2024 revenue up 20% to ~$237M, adj EBITDA margin ~22%; Q4 MACI rev $68.2-68.7M
Vericel Corp
2024-FY EPS reported
$0.20
revenue$237,224,000
- FY2024 total revenue ~$237-237.5M (+20% YoY); MACI revenue ~$197.2-197.7M (+20%); Burn Care $40M (+22%).
- Q4 2024 MACI revenue $68.2-68.7M (+20-21% YoY, +53% QoQ); gross margin ~77%; net income ~$17.5-18.5M.
- FY2024 adj EBITDA margin ~22%; Q4 adj EBITDA margin ~39%; cash & investments ~$167M, no debt.
- 2025 guidance: revenue growth 20-23%, gross margin 73-74%, adj EBITDA margin 25-26%.
- Mid-term targets raised: gross margin high-70% range, adj EBITDA margin high-30% range by 2029.