Vericel Corp
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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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.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
Table of Contents
(In thousands, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Product sales, net | $197,516 | $163,698 | $153,075 |
| Other revenue | — | 667 | 3,109 |
| Total revenue | 197,516 | 164,365 | 156,184 |
| Cost of product sales | 61,940 | 54,577 | 50,159 |
| Gross profit | 135,576 | 109,788 | 106,025 |
| Research and development | 21,042 | 19,943 | 16,287 |
| Selling, general and administrative | 120,998 | 106,903 | 97,592 |
| Total operating expenses | 142,040 | 126,846 | 113,879 |
| Loss from operations | (6,464) | (17,058) | (7,854) |
| Other income (expense): | |||
| Interest income | 4,632 | 1,341 | 224 |
| Interest expense | (600) | (366) | (4) |
| Other income | 64 | 95 | 52 |
| Total other income | 4,096 | 1,070 | 272 |
| Loss before income taxes | (2,368) | (15,988) | (7,582) |
| Income tax expense (benefit) | 814 | 721 | (111) |
| Net loss | $(3,182) | $(16,709) | $(7,471) |
| Net loss per common share: | |||
| Basic | $(0.07) | $(0.35) | $(0.16) |
| Diluted | $(0.07) | $(0.35) | $(0.16) |
| Weighted-average common shares outstanding: | |||
| Basic | 47,590 | 47,130 | 46,472 |
| Diluted | 47,590 | 47,130 | 46,472 |
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