Vericel Corporation (VCEL)

Vericel Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	197.52	164.37	156.18	124.18	117.85
Revenue Growth (YoY)	20.17%	5.24%	25.77%	5.37%	29.71%
Cost of Revenue	61.94	54.58	50.16	39.95	37.57
Gross Profit	135.58	109.79	106.03	84.23	80.28
Selling, General & Admin	121	106.9	97.59	68.84	61.14
Research & Development	21.04	19.94	16.29	13.02	30.39
Operating Expenses	142.04	126.85	113.88	81.86	91.53
Operating Income	-6.46	-17.06	-7.85	2.37	-11.25
Interest Expense / Income	0.6	0.37	0	0.01	0.01
Other Expense / Income	-4.7	-1.44	-0.28	-0.68	-1.59
Pretax Income	-2.37	-15.99	-7.58	3.04	-9.67
Income Tax	0.81	0.72	-0.11	0.18	0
Net Income	-3.18	-16.71	-7.47	2.86	-9.67
Shares Outstanding (Basic)	48	47	46	45	44
Shares Outstanding (Diluted)	48	47	46	47	44
Shares Change	0.98%	1.42%	-1.71%	7.02%	9.79%
EPS (Basic)	-0.07	-0.35	-0.16	0.06	-0.22
EPS (Diluted)	-0.07	-0.35	-0.16	0.06	-0.22
Free Cash Flow	15.3	10.09	21.13	14.95	-9.8
Free Cash Flow Per Share	0.32	0.21	0.46	0.33	-0.22
Gross Margin	68.64%	66.80%	67.88%	67.83%	68.12%
Operating Margin	-3.27%	-10.38%	-5.03%	1.91%	-9.55%
Profit Margin	-1.61%	-10.17%	-4.78%	2.31%	-8.20%
Free Cash Flow Margin	7.75%	6.14%	13.53%	12.04%	-8.31%
Effective Tax Rate	-	-	-	5.91%	-
EBITDA	8.93	-7.42	-0.19	9.88	-5.13
EBITDA Margin	4.52%	-4.51%	-0.12%	7.95%	-4.35%
Depreciation & Amortization	10.7	8.2	7.39	6.83	4.53
EBIT	-1.77	-15.62	-7.58	3.05	-9.66
EBIT Margin	-0.90%	-9.50%	-4.85%	2.46%	-8.19%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).