Vericel Corp

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 29, 2024

VCEL$58.39+6.9%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

Table of Contents

	December 31,
	2023	2022
ASSETS
Current assets:
Cash and cash equivalents	$69,088	$51,067
Restricted cash	17,778	—
Short-term investments	40,469	68,471
Accounts receivable (net of allowance for doubtful accounts of $43 and $47, respectively)	58,356	46,539
Inventory	13,087	15,986
Other current assets	6,853	4,803
Total current assets	205,631	186,866
Property and equipment, net	41,635	15,837
Intangible assets, net	6,875	7,500
Right-of-use assets	73,462	41,535
Long-term investments	25,283	19,962
Other long-term assets	771	1,303
Total assets	$353,657	$273,003
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$22,347	$16,930
Accrued expenses	17,215	16,190
Current portion of operating lease liabilities	6,187	4,302
Other current liabilities	—	41
Total current liabilities	45,749	37,463
Operating lease liabilities	81,856	43,268
Other long-term liabilities	100	—
Total liabilities	127,705	80,731
COMMITMENTS AND CONTINGENCIES (Note 15)
Shareholders’ equity:
Common stock, no par value; shares authorized — 75,000; shares issued and outstanding — 47,829 and 47,253, respectively	629,229	593,245
Accumulated other comprehensive loss	(100)	(978)
Accumulated deficit	(403,177)	(399,995)
Total shareholders’ equity	225,952	192,272
Total liabilities and shareholders’ equity	$353,657	$273,003

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.