Vericel's Q3 Net Loss Narrows, Revenue Increases

MT Newswires Live
07 Nov 2024

Vericel (VCEL) reported a Q3 net loss Thursday of $0.02 per diluted share, narrowing from a $0.08 net loss per share a year earlier.

Analysts polled by Capital IQ expected a net loss of $0.05 per share.

Revenue for the quarter ended Sept. 30 was $57.9 million, compared with $45.6 million a year earlier.

Analysts polled by Capital IQ expected $55.2 million.

The company reiterated its 2024 revenue guidance of $238 to $242 million. Analysts polled by Capital IQ expect $240.1 million.

Price: 49.66, Change: +1.62, Percent Change: +3.36

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