Vericel FY2021 revenue $156.2M (+26% YoY); net loss $7.5M; guides FY2022 revenue $178-189M

Vericel Corp

2021-FY EPS reported -$0.16 revenue$156,184,000

FY2021 total net revenue $156.2M (up 26% YoY); MACI $111.6M, Epicel $41.5M.
FY2021 net loss $7.5M ($0.16/share) vs net income $2.9M ($0.06/share) in 2020.
Non-GAAP adjusted EBITDA $29.5M (19% margin), up from $18.6M (15%) in 2020.
FY2022 guidance: revenue $178-189M; MACI $132-141M, Epicel $45.5-47.5M; gross margin ~70%, adj EBITDA ~21%.
Cash and investments $129M as of Dec 31, 2021; no debt.

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