secwatch.observer — SEC 8-K summary
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Issuer:     Vericel Corp (VCEL)
CIK:        0000887359
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001628280-24-021382
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vericel Q1 revenue up 25% to $51.3M; raises FY2024 guidance to $238-242M
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- MACI revenue grew 18% to $40.2M; Burn Care revenue up 63% to $11.1M (Epicel $10.7M, NexoBrid $0.4M).
- Net loss narrowed to $3.9M ($0.08/shr) from $7.5M; adjusted EBITDA surged 325% to $7.2M (14% margin).
- Gross margin improved ~400bps to 69%; FY2024 revenue guidance raised to $238-242M (from $237-241M).
- Over 60 NexoBrid P&T submissions, ~40 burn centers approved; no debt and $148M cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887359/000162828024021382/0001628280-24-021382-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887359/000162828024021382/vcel-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-021382

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