NASDAQ$VCEL

Vericel Corporation · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported record third quarter revenues and net income.

Vericel Corporation reported a 6% increase in total net revenues, reaching $32.3 million for the third quarter of 2020, compared to $30.5 million in the third quarter of 2019. The company's net income also increased to $3.6 million, or $0.08 per share, compared to $3.5 million, or $0.07 per share, for the third quarter of 2019.

  • Total net revenues reached $32.3 million, compared to $30.5 million in Q3 2019.
  • MACI net revenue was $24.4 million, Epicel net revenue was $6.7 million, and NexoBrid revenue was $1.2 million.
  • Net income was $3.6 million, or $0.08 per share, compared to $3.5 million, or $0.07 per share, in Q3 2019.
  • Cash and investments totaled $85.5 million as of September 30, 2020.

Headline financials

Total Revenue

$32.3M

Previous: $30.5M+5.8%
EPS (adj)

$0.08

Previous: $0.07+14.3%
Gross Margin

70.0%

Previous: 69.0%+1.4%
Adjusted EBITDA

$6.74M

Previous: $6.85M-1.5%
Capital Expenditures

-$1.56M

Previous: -$2.26M+31.0%
Free Cash Flow

$2.06M

Previous: $1.22M+69.7%
Net Income

$3.62M

Previous: $3.47M+4.3%
Operating Income

$3.52M

Previous: $3.1M+13.6%
Gross Profit

$22.5M

Previous: $21.2M+6.1%
Cash & Equivalents

$43.5M

Previous: $36.9M+17.9%
Total Assets

$158M

Previous: $138M+14.5%
Stock-Based Comp

$2.68M

Previous: $3.29M-18.6%

Revenue & EPS history

Vericel · Revenue · Quarterly

$32.3M

Q3 2020+5.8%vs Q3 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Vericel · $32.3M total across 3 segments · Q3 2020

  • MACI
    $24.4M+18.4%
  • Epicel
    $6.7M-32.3%
  • NexoBrid
    $1.2M

Forward guidance

Vericel is on track to deliver strong revenue and profit growth in the years ahead.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+1.4%

Avg return

Earnings day

+2.8%

Avg return

5 days after

+2.2%

Avg return

30 days after

47%

30 / 64 earnings

Positive

+48.1%

Q3 2018

Best reaction

-30.0%

Q2 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.6%-10.4%-1.4%
Q4 2025+1.7%-7.3%-20.9%
Q3 2025+4.6%+10.3%-2.6%
Q1 2025+3.2%+7.8%+7.0%
Q4 2024-6.1%-3.2%-15.8%
Q3 2024+12.4%+16.3%+17.3%
Q2 2024-5.7%-7.5%+2.2%
Q1 2024-1.8%-2.0%-10.4%
Q4 2023-6.5%-7.0%+8.8%
Q3 2023-11.2%-7.0%-7.3%
Q2 2023-8.9%-9.2%-3.5%
Q1 2023+0.5%+2.8%+6.5%
Q4 2022+6.9%+6.6%+1.6%
Q3 2022-2.8%+0.2%-0.3%
Q2 2022-4.3%-6.2%-28.7%
Q1 2022-9.1%-18.9%-13.1%
Q4 2021+21.9%+26.4%+11.2%
Q3 2021-2.7%-3.0%-10.6%
Q2 2021-2.1%-4.5%+9.0%
Q1 2021-10.2%-15.9%-5.8%
Q4 2020+0.4%+1.7%+9.0%
Q3 2020+6.0%+17.7%+18.5%
Q2 2020-9.8%-5.0%-5.5%
Q1 2020+5.6%+8.3%+3.9%
Q4 2019-20.4%-18.3%-46.9%
Q3 2019+15.3%+15.7%+12.9%
Q2 2019+2.4%+1.9%-8.3%
Q1 2019-2.5%-3.6%-16.8%
Q4 2018-7.4%-3.5%-13.6%
Q3 2018+48.1%+39.6%+53.3%
Q2 2018+25.6%+27.1%+36.5%
Q1 2018+6.0%+5.6%+0.4%
Q4 2017+40.1%+38.3%+33.5%
Q3 2017-7.0%-5.8%+14.0%
Q2 2017+11.7%+21.7%+48.3%
Q1 2017+0.0%+3.9%+5.9%
Q4 2016-1.7%+0.0%-6.9%
Q3 2016-2.3%+4.7%+9.3%
Q2 2016-5.5%-7.7%-5.5%
Q1 2016+11.5%
Q4 2015+4.8%
Q3 2015-9.7%
Q2 2015+4.3%
Q1 2015-2.5%
Q4 2014+2.9%
Q3 2014+3.6%
Q2 2014-0.3%
Q1 2014+0.5%
Q4 2013-12.7%
Q3 2013-2.2%
Q2 2013-30.0%
Q1 2013+0.0%
Q4 2012-6.3%
Q3 2012-4.0%
Q2 2012-6.5%
Q1 2012-0.8%
Q4 2011+1.0%
Q3 2011+3.1%
Q2 2011+8.3%
Q1 2011+4.7%
Q4 2009+4.7%
Q3 2010+35.3%
Q2 2010+0.0%
Q1 2010+1.3%

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