Below are the financial statements of Vericel, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Product sales, net | 237.22a | 197.52a | 163.7a |
| Other revenue | 0a | 0a | 0.67a |
| Total revenue | 237.22a | 197.52a | 164.37a |
| Cost of product sales | -65.12a | -61.94a | -54.58a |
| Gross profit | 172.11a | 135.58a | 109.79a |
| Research and development | -24.8a | -21.04a | -19.94a |
| Selling, general and administrative | -142.79a | -121a | -106.9a |
| Total operating expenses | -167.59a | -142.04a | -126.85a |
| Income (loss) from operations | 4.52a | -6.46a | -17.06a |
| Other income (expense) | — | — | — |
| Interest income | 6.41a | 4.63a | 1.34a |
| Interest expense | -0.61a | -0.6a | -0.37a |
| Other income | 0.2a | 0.06a | 0.1a |
| Total other income | 5.99a | 4.1a | 1.07a |
| Income (loss) before income taxes | 10.51a | -2.37a | -15.99a |
| Income tax expense | -0.15a | -0.81a | -0.72a |
| Net income (loss) | 10.36a | -3.18a | -16.71a |
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