earnings
confidence high
sentiment positive
materiality 0.80
Vericel Q2 revenue $45.9M (+24% YoY); raises FY2023 guidance to $190-197M
Vericel Corp
2023-Q2 EPS reported
-$0.26
revenue$86,939,000
- Total net revenue $45.9M (+24% YoY); MACI $36.3M (+27%), Epicel $9.6M (+17%).
- Net loss $5.0M ($0.11 EPS) improved from $9.0M loss in Q2 2022; adjusted EBITDA $4.4M.
- Full-year 2023 revenue guidance raised to $190-197M from prior $184-192M; gross margin guidance high-60% maintained.
- MACI arthroscopic delivery program on track for 2024 commercial launch; human factors study planned Q3.
- Extended exclusive supply agreement with Matricel GmbH for MACI collagen membrane.