Vericel Corp
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 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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Condensed Consolidated Statements of Operations
(Unaudited, amounts in thousands, except per share amounts)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Product sales, net | $57,905 | $45,581 | $161,848 | $132,520 |
| Total revenue | 57,905 | 45,581 | 161,848 | 132,520 |
| Cost of product sales | 16,252 | 14,973 | 48,240 | 45,451 |
| Gross profit | 41,653 | 30,608 | 113,608 | 87,069 |
| Research and development | 6,093 | 5,676 | 19,874 | 16,141 |
| Selling, general and administrative | 38,025 | 29,989 | 107,694 | 90,123 |
| Total operating expenses | 44,118 | 35,665 | 127,568 | 106,264 |
| Loss from operations | (2,465) | (5,057) | (13,960) | (19,195) |
| Other income (expense): | ||||
| Interest income | 1,578 | 1,262 | 4,850 | 3,196 |
| Interest expense | (154) | (150) | (460) | (444) |
| Other income (expense) | 140 | (1) | 125 | (18) |
| Total other income | 1,564 | 1,111 | 4,515 | 2,734 |
| Loss before income taxes | (901) | (3,946) | (9,445) | (16,461) |
| Income tax benefit | — | (286) | — | (286) |
| Net loss | $(901) | $(3,660) | $(9,445) | $(16,175) |
| Net loss per common share: | ||||
| Basic and diluted | $(0.02) | $(0.08) | $(0.19) | $(0.34) |
| Weighted-average common shares outstanding: | ||||
| Basic and diluted | 49,085 | 47,649 | 48,639 | 47,537 |
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