secwatch.observer — SEC 8-K summary
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Issuer:     Vericel Corp (VCEL)
CIK:        0000887359
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001628280-23-017028
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vericel reports record Q1 2023 revenue of $41M; MACI up 32%; raises full-year guidance
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- Q1 total revenue $41.0M (+14% YoY); MACI revenue $34.2M (+32% YoY); Epicel $6.8M.
- Net loss $7.5M ($0.16/diluted share) vs $7.1M loss a year ago; adjusted EBITDA $1.7M (4% rev).
- Full-year 2023 revenue guidance raised to $184-$192M from prior $180-$188M; maintains margin guidance.
- Cash and investments $139M, no debt; operating cash flow of $7.9M.
- MACI arthroscopic delivery program on track for 2024 commercial launch; NexoBrid P&T approvals ahead of goals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887359/000162828023017028/0001628280-23-017028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887359/000162828023017028/vcel-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-017028

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