Vericel Reports First Quarter 2021 Financial Results and Raises Full-Year 2021 Revenue Guidance
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Vericel (VCEL) Misses Q1 EPS by 3c, Revenues Beat; Raises FY21 Revenues Guidance Above Consensus
May 5, 2021 7:11 AM EDTVericel (NASDAQ: VCEL) reported Q1 EPS of ($0.07), $0.03 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $34.06 million versus the consensus estimate of $32.05 million.
First Quarter 2021 Financial Highlights
Total net revenue increased 30% to $34.6 million, compared to $26.7 million in the first quarter of 2020MACI® net revenue of $23.8 million, Epicel® net revenue of $9.8 million and NexoBrid® revenue of $0.9 million related to the U.S. Biomedical Advanced Research and Development Authority (BARDA)... More