secwatch.observer — SEC 8-K summary
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Issuer:     Vericel Corp (VCEL)
CIK:        0000887359
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001628280-23-037567
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vericel reports Q3 2023 revenue of $45.6M (+18% YoY), raises FY guidance
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- Total revenue $45.6M (+18% YoY); MACI revenue $37.6M (+21% YoY).
- Net loss $3.7M ($0.08/sh); adjusted EBITDA $5.4M (12% of revenue).
- FY2023 revenue guidance raised to $192.5-197.5M from prior $190-197M.
- Cash $149M, no debt; 13th consecutive quarter of positive adjusted EBITDA and operating cash flow.
- MACI arthroscopic delivery launch expected H1 2024; NexoBrid commercially launched.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887359/000162828023037567/0001628280-23-037567-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887359/000162828023037567/vcel-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-037567

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