secwatch.observer — SEC 8-K summary
======================================

Issuer:     Vericel Corp (VCEL)
CIK:        0000887359
Form:       8-K
Filed at:   2022-02-24T23:59:59+00:00
Accession:  0001628280-22-003659
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887359/000162828022003659/0001628280-22-003659-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887359/000162828022003659/vcel-20220224.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-003659

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer