secwatch.observer — SEC 8-K summary
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Issuer:     Vericel Corp (VCEL)
CIK:        0000887359
Form:       8-K
Filed at:   2025-01-14T23:59:59+00:00
Accession:  0001140361-25-001060
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vericel reports preliminary FY2024 revenue up 20% to ~$237M, adj EBITDA margin ~22%; Q4 MACI rev $68.2-68.7M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887359/000114036125001060/0001140361-25-001060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887359/000114036125001060/ef20041599_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-001060

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