---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-003659"
form_type: "8-K"
ticker: "VCEL"
cik: "0000887359"
company_name: "Vericel Corp"
filed_at: "2022-02-24T23:59:59+00:00"
generated_at: "2026-06-27T05:10:39.882282+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-22-003659
- form_type: 8-K
- ticker: VCEL
- cik: 0000887359
- company_name: Vericel Corp
- filed_at: 2022-02-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/887359/000162828022003659/0001628280-22-003659-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/887359/000162828022003659/vcel-20220224.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-003659
- JSON: https://secwatch.observer/filing/0001628280-22-003659.json
- Plain text: https://secwatch.observer/filing/0001628280-22-003659.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.