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Vericel Reports Fourth Quarter and Year End 2017 Financial Results and Provides Full Year 2018 Financial Guidance
Mar. 05, 2018 09:01AM PST
Longevity InvestingVericel (NASDAQ:VCEL), a leader in advanced cell therapies for the sports medicine and severe burn care markets, today reported financial results and business highlights for the fourth quarter and year ended December 31, 2017 and full year 2018 financial guidance. As quoted in the press release: Total net revenue increased 18% to $63.9 million compared …
Vericel (NASDAQ:VCEL), a leader in advanced cell therapies for the sports medicine and severe burn care markets, today reported financial results and business highlights for the fourth quarter and year ended December 31, 2017 and full year 2018 financial guidance.
As quoted in the press release:
- Total net revenue increased 18% to $63.9 million compared to $54.4 million in 2016; excluding license revenue, net revenue increased 15% to $62.8 million;
- Gross margins of 53% compared to gross margins of 48% in 2016;
- Operating loss of $15.0 million, compared to operating loss of $19.2 million in 2016; and
- Net loss of $17.3 million, or $0.52 per share, compared to net loss of $19.6 million, or $1.18 per share, in 2016.
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