Vericel Corp
NASDAQ:VCEL
Income Statement
Earnings Waterfall
Vericel Corp
Revenue
|
197.5m
USD
|
Cost of Revenue
|
-61.9m
USD
|
Gross Profit
|
135.6m
USD
|
Operating Expenses
|
-142m
USD
|
Operating Income
|
-6.5m
USD
|
Other Expenses
|
3.3m
USD
|
Net Income
|
-3.2m
USD
|
Income Statement
Vericel Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
0
N/A
|
0
-50%
|
4
+44 300%
|
14
+218%
|
29
+104%
|
40
+38%
|
49
+23%
|
50
+3%
|
51
+1%
|
54
+6%
|
54
-1%
|
53
-1%
|
54
+2%
|
50
-9%
|
54
+8%
|
57
+6%
|
64
+12%
|
73
+14%
|
75
+3%
|
83
+11%
|
91
+10%
|
95
+4%
|
102
+8%
|
110
+8%
|
118
+7%
|
123
+4%
|
117
-5%
|
118
+2%
|
124
+5%
|
132
+6%
|
152
+15%
|
154
+1%
|
156
+2%
|
158
+1%
|
155
-2%
|
159
+3%
|
164
+3%
|
169
+3%
|
178
+5%
|
185
+4%
|
198
+7%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
0
|
0
|
(3)
|
(8)
|
(15)
|
(20)
|
(25)
|
(26)
|
(27)
|
(27)
|
(28)
|
(28)
|
(28)
|
(29)
|
(29)
|
(30)
|
(30)
|
(31)
|
(31)
|
(32)
|
(32)
|
(33)
|
(34)
|
(36)
|
(38)
|
(39)
|
(38)
|
(39)
|
(40)
|
(42)
|
(46)
|
(48)
|
(50)
|
(51)
|
(53)
|
(54)
|
(55)
|
(56)
|
(58)
|
(60)
|
(62)
|
|
Gross Profit |
0
N/A
|
0
-50%
|
2
+18 200%
|
6
+226%
|
14
+135%
|
19
+38%
|
24
+25%
|
25
+2%
|
25
+1%
|
27
+9%
|
26
-4%
|
25
-2%
|
26
+3%
|
21
-20%
|
25
+18%
|
28
+12%
|
34
+22%
|
42
+24%
|
44
+5%
|
51
+17%
|
59
+15%
|
62
+5%
|
67
+10%
|
74
+10%
|
80
+8%
|
84
+4%
|
78
-7%
|
79
+2%
|
84
+6%
|
90
+7%
|
106
+17%
|
106
0%
|
106
+0%
|
106
+0%
|
102
-4%
|
106
+3%
|
110
+4%
|
113
+3%
|
120
+6%
|
125
+4%
|
136
+8%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(21)
|
(18)
|
(20)
|
(28)
|
(33)
|
(43)
|
(41)
|
(39)
|
(41)
|
(41)
|
(43)
|
(44)
|
(43)
|
(48)
|
(49)
|
(50)
|
(49)
|
(52)
|
(56)
|
(61)
|
(63)
|
(65)
|
(87)
|
(89)
|
(92)
|
(97)
|
(79)
|
(80)
|
(82)
|
(86)
|
(97)
|
(105)
|
(114)
|
(118)
|
(120)
|
(125)
|
(127)
|
(131)
|
(135)
|
(138)
|
(142)
|
|
Selling, General & Administrative |
(6)
|
(6)
|
(7)
|
(9)
|
(12)
|
(16)
|
(19)
|
(21)
|
(23)
|
(23)
|
(24)
|
(25)
|
(27)
|
(30)
|
(32)
|
(33)
|
(36)
|
(38)
|
(41)
|
(45)
|
(49)
|
(52)
|
(56)
|
(58)
|
(61)
|
(66)
|
(66)
|
(67)
|
(69)
|
(73)
|
(83)
|
(90)
|
(98)
|
(101)
|
(102)
|
(106)
|
(107)
|
(111)
|
(114)
|
(117)
|
(121)
|
|
Research & Development |
(15)
|
(13)
|
(14)
|
(19)
|
(21)
|
(22)
|
(21)
|
(17)
|
(19)
|
(18)
|
(19)
|
(18)
|
(15)
|
(15)
|
(14)
|
(14)
|
(13)
|
(13)
|
(14)
|
(14)
|
(14)
|
(13)
|
(30)
|
(30)
|
(30)
|
(31)
|
(13)
|
(13)
|
(13)
|
(13)
|
(14)
|
(15)
|
(16)
|
(18)
|
(18)
|
(19)
|
(20)
|
(20)
|
(21)
|
(21)
|
(21)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
(21)
N/A
|
(18)
+12%
|
(18)
+1%
|
(22)
-21%
|
(19)
+15%
|
(23)
-24%
|
(17)
+27%
|
(14)
+18%
|
(17)
-19%
|
(14)
+16%
|
(17)
-19%
|
(18)
-9%
|
(17)
+9%
|
(27)
-62%
|
(24)
+9%
|
(22)
+10%
|
(15)
+32%
|
(11)
+29%
|
(12)
-16%
|
(10)
+22%
|
(4)
+59%
|
(4)
+3%
|
(20)
-421%
|
(15)
+22%
|
(11)
+26%
|
(13)
-15%
|
(1)
+91%
|
(1)
+37%
|
2
N/A
|
4
+73%
|
9
+112%
|
0
-97%
|
(8)
N/A
|
(12)
-50%
|
(17)
-45%
|
(19)
-11%
|
(17)
+10%
|
(18)
-5%
|
(15)
+17%
|
(13)
+12%
|
(6)
+51%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
5
|
2
|
2
|
2
|
0
|
1
|
1
|
0
|
0
|
(1)
|
1
|
(0)
|
(0)
|
1
|
(1)
|
(2)
|
(1)
|
(5)
|
(5)
|
(3)
|
(3)
|
1
|
1
|
1
|
2
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
2
|
2
|
3
|
4
|
|
Non-Reccuring Items |
0
|
0
|
(3)
|
(4)
|
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
4
|
4
|
4
|
3
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
|
Pre-Tax Income |
(16)
N/A
|
(16)
-3%
|
(16)
+2%
|
(20)
-29%
|
(20)
+3%
|
(19)
+6%
|
(16)
+13%
|
(14)
+15%
|
(16)
-18%
|
(15)
+7%
|
(16)
-6%
|
(18)
-14%
|
(20)
-7%
|
(26)
-31%
|
(25)
+3%
|
(24)
+5%
|
(17)
+27%
|
(15)
+12%
|
(17)
-15%
|
(13)
+25%
|
(8)
+38%
|
(3)
+59%
|
(18)
-456%
|
(14)
+25%
|
(10)
+30%
|
(12)
-19%
|
(0)
+100%
|
0
N/A
|
3
+2 043%
|
5
+53%
|
9
+99%
|
1
-93%
|
(8)
N/A
|
(12)
-52%
|
(17)
-46%
|
(18)
-10%
|
(16)
+13%
|
(16)
-3%
|
(12)
+24%
|
(10)
+21%
|
(2)
+76%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
(0)
|
(1)
|
|
Income from Continuing Operations |
(16)
|
(16)
|
(16)
|
(20)
|
(20)
|
(19)
|
(16)
|
(14)
|
(16)
|
(15)
|
(16)
|
(18)
|
(20)
|
(26)
|
(25)
|
(24)
|
(17)
|
(15)
|
(17)
|
(13)
|
(8)
|
(3)
|
(18)
|
(14)
|
(10)
|
(12)
|
(0)
|
0
|
3
|
4
|
9
|
0
|
(8)
|
(11)
|
(16)
|
(18)
|
(17)
|
(17)
|
(13)
|
(10)
|
(3)
|
|
Net Income (Common) |
(21)
N/A
|
(22)
-3%
|
(21)
+0%
|
(26)
-22%
|
(26)
+1%
|
(25)
+4%
|
(23)
+9%
|
(20)
+10%
|
(23)
-14%
|
(22)
+4%
|
(23)
-5%
|
(26)
-11%
|
(27)
-6%
|
(31)
-16%
|
(29)
+8%
|
(26)
+11%
|
(17)
+33%
|
(15)
+12%
|
(17)
-15%
|
(13)
+25%
|
(8)
+38%
|
(3)
+59%
|
(18)
-456%
|
(14)
+25%
|
(10)
+30%
|
(12)
-19%
|
(0)
+100%
|
0
N/A
|
3
+1 971%
|
4
+48%
|
9
+105%
|
0
-98%
|
(8)
N/A
|
(11)
-50%
|
(16)
-46%
|
(18)
-10%
|
(17)
+8%
|
(17)
-3%
|
(13)
+23%
|
(10)
+22%
|
(3)
+69%
|
|
EPS (Diluted) |
-4.67
N/A
|
-3.67
+21%
|
-3.29
+10%
|
-2.55
+22%
|
-2.23
+13%
|
-1.04
+53%
|
-0.95
+9%
|
-0.86
+9%
|
-0.97
-13%
|
-0.97
N/A
|
-1.02
-5%
|
-1.12
-10%
|
-1.18
-5%
|
-0.98
+17%
|
-0.88
+10%
|
-0.76
+14%
|
-0.52
+32%
|
-0.43
+17%
|
-0.45
-5%
|
-0.3
+33%
|
-0.2
+33%
|
-0.09
+55%
|
-0.42
-367%
|
-0.29
+31%
|
-0.22
+24%
|
-0.27
-23%
|
0
N/A
|
0.01
N/A
|
0.06
+500%
|
0.09
+50%
|
0.18
+100%
|
0
N/A
|
-0.16
N/A
|
-0.24
-50%
|
-0.35
-46%
|
-0.38
-9%
|
-0.35
+8%
|
-0.36
-3%
|
-0.28
+22%
|
-0.22
+21%
|
-0.07
+68%
|