Vericel Reports First Quarter 2019 Financial Results and Raises Full Year 2019 Revenue Guidance
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Vericel (VCEL) Misses Q1 EPS by 1c, Revenues Miss; Raises FY19 Total MACI and Epicel Sales Outlook
May 7, 2019 7:25 AM EDTVericel (NASDAQ: VCEL) reported Q1 EPS of ($0.07), $0.01 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $21.81 million versus the consensus estimate of $22.5 million.
Total net product revenues increased 21% to $21.8 million compared to $18.0 million in the first quarter of 2018;Gross margins of 60% compared to gross margins of 57% in the first quarter of 2018;Net loss of $2.8 million, or $0.07 per share, compared to $7.7 million, or $0.21 per share, in the first quarter... More