Vericel Corporation logo VCEL - Vericel Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 9
HOLD 5
SELL 0
STRONG
SELL
0
| PRICE TARGET: $52.67 DETAILS
HIGH: $70.00
LOW: $42.00
MEDIAN: $46.00
CONSENSUS: $52.67
UPSIDE: 51.66%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Revenue
Revenue 276.3 237.2 197.5 164.4 156.2 124.2 117.8 90.9 63.9 54.4 51.2 28.8 0.0 0.0 0.0 0.1 0.2 0.5 0.7 0.9 0.9 1.3 0.8 0.9 0.9 1.1 0.9 0.2 0.4 1.6
Cost of Revenue 70.7 65.1 61.9 54.6 50.2 40.0 37.6 32.2 30.4 28.3 26.5 17.3 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.0 0.1 0.3 0.9 0.2 0.0 0.9 0.0 0 (0.5) 9.6
Gross Profit 205.6 172.1 135.6 109.8 106.0 84.2 80.3 58.7 33.6 26.1 24.7 11.5 0.0 0.0 0.0 0.1 0.1 0.5 0.7 0.9 0.8 1.0 (0.0) 0.7 0.9 0.2 0.9 0.2 0.9 (8)
Operating Expenses
R&D Expenses 27.6 24.8 21.0 19.9 16.3 13.0 30.4 13.6 12.9 15.3 18.9 21.3 15.1 26.0 21.3 12.7 11.3 15.2 11.4 9.5 7.2 6.3 5.6 5.4 5.0 6.3 10.9 15.5 13.4 0
SG&A Expenses 167.0 142.8 121.0 106.9 97.6 68.8 61.1 49.0 35.6 27.4 22.5 13.8 5.9 7.8 7.7 5.2 5.0 6.4 8.7 9.1 6.0 5.4 4.0 3.5 2.5 3.4 2.8 2.9 2 2.1
Other Expenses 0 0 0 0 0 0 0 (0.0) (0.1) (0.0) 0.0 (0.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0.3 0 0 0.5 0.4
Operating Expenses 194.6 167.6 142.0 126.8 113.9 81.9 91.5 62.6 48.6 42.7 41.4 35.0 21.0 33.8 29.1 17.9 16.2 21.7 20.1 18.6 13.2 11.7 9.7 9.0 7.5 10.0 13.7 18.4 15.9 2.5
Operating Income
Operating Income 11.0 4.5 (6.5) (17.1) (7.9) 2.4 (11.3) (3.9) (15.0) (19.2) (16.7) (23.5) (21.0) (33.8) (29.0) (17.8) (16.2) (21.2) (19.5) (17.7) (12.4) (10.7) (9.7) (8.3) (6.6) (9.8) (12.8) (18.1) (15) (10.5)
Interest Expense 1.6 0.6 0.6 0.4 0.0 0.0 0.0 1.7 1.1 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0 0 0 0 0 0 0 0 0 0 0
Interest Income 7.0 6.4 4.6 1.3 0.2 0.7 1.6 0.9 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.3 1.2 1.3 0.6 0.6 0.2 0.1 0.3 0.4 0.4 0 0 0 0
Profitability
EBITDA 30.3 16.6 2.9 (11.6) (4.6) 5.4 (7.9) (5.0) (14.6) (17.4) (14.7) (19.2) (15.1) (28.8) (19.0) (30.1) (17.8) (15.5) (21.2) (19.5) (17.7) (12.4) (10.4) (9.7) (8.2) (6.5) (9.4) (12.6) (17.8) (14.5)
EBIT 18.9 11.1 (1.8) (15.6) (7.6) 3.0 (9.7) (6.4) (16.2) (19.3) (16.3) (19.9) (15.6) (29.5) (19.7) (30.7) (14.5) (16.2) (20.0) (19.5) (17.7) (12.4) (10.7) (9.7) (8.3) (6.6) (9.8) (12.8) (18.2) (15)
Income Before Tax 17.4 10.5 (2.4) (16.0) (7.6) 3.0 (9.7) (8.1) (17.3) (19.6) (16.3) (19.9) (15.6) (29.5) (19.7) (17.7) (15.9) (20.1) (16.5) (11.8) (12.4) (10.5) (9.6) (7.9) (9.4) (9.4) (11.6) 0 (14.3) (9.8)
Income Tax Expense 0.9 0.1 0.8 0.7 (0.1) 0.2 0 0 0 0 0 0 0 0 (18.7) (0.1) (0.3) (1.1) (1.8) (1.3) (0.6) (0.2) (0.1) (0.3) (0.7) (0.4) (3.0) (0.9) (1.4) (1.3)
Net Income 16.5 10.4 (3.2) (16.7) (7.5) 2.9 (9.7) (8.1) (17.3) (19.6) (16.3) (19.9) (15.6) (29.5) (19.7) (17.7) (15.9) (20.1) (17.6) (16.5) (11.8) (10.5) (9.6) (7.9) (5.9) (9.4) (11.0) (17.2) (14.3) (9.9)
Per Share Data
EPS (Basic) 0.33 0.21 -0.07 -0.35 -0.16 0.06 -0.18 -0.20 -0.52 -0.85 -0.69 -1.71 -5.18 -14.31 -10.19 -14.34 -17.84 -24.95 -23.55 -24.79 -20.20 -22.77 -30.06 -30.16 -27.86 -64.36 -115.01 -206.34 -203.20 -171.20
EPS (Diluted) 0.32 0.20 -0.07 -0.35 -0.16 0.06 -0.18 -0.20 -0.52 -0.85 -0.69 -1.71 -5.18 -14.31 -10.19 -14.34 -17.84 -24.95 -23.55 -24.79 -20.20 -22.77 -30.06 -30.16 -27.86 -64.36 -115.01 -206.34 -203.20 -171.20
Shares Outstanding 50.6 48.8 47.6 47.1 46.5 45.2 44.2 40.2 33.4 23.1 23.8 11.6 3.0 2.1 1.9 1.2 0.9 0.8 0.7 0.7 0.6 0.5 0.3 0.3 0.2 0.1 0.1 0.1 0.1 0.1
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996
Current Assets
Cash & Cash Equivalents 100.1 74.5 69.1 51.1 68.3 33.6 26.9 18.3 26.9 23.0 17 16.5 16.9 10.5 8.6 10.7 2.1 7.5 2.1 1.3 4.1
Short-Term Investments 37.4 41.7 40.5 68.5 35.1 42.2 42.8 64.6 0 0 0 6.0 0 0 1 0 10.7 0 9.1 18.5 0
Net Receivables 84.6 61.4 58.4 46.5 37.4 34.5 32.2 23.5 18.3 17.1 0.0 0.1 0.2 0.3 0.1 0.1 0.1 0.1 0.1 0.2 0.1
Inventory 17.6 17.4 13.1 16.0 13.4 9.4 6.8 3.6 3.8 3.5 0.0 0.0 0.4 0.8 1.4 0.7 0.7 1.1 0 0 0
Other Current Assets 7.7 17.8 24.6 4.8 4.2 3.9 3.0 2.8 1.6 1.2 0.4 0.7 0.4 0.3 0.2 0.2 0.2 0.3 0.0 0 0.7
Total Current Assets 247.4 212.8 205.6 186.9 158.5 123.6 111.7 112.8 50.5 44.7 17.8 24.1 17.8 11.9 11.3 11.7 13.1 9.0 11.6 20.1 4.9
Non-Current Assets
Property, Plant & Equipment 173.2 173.3 115.1 57.4 59.0 57.7 32.2 5.9 4.1 3.9 1.5 2.2 0.3 0.3 0.2 0.2 0.3 0.5 0.7 0.8 1.2
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 5.6 6.2 6.9 7.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 61.4 39.9 25.3 20.0 25.7 24.1 9.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 0.3 0.6 0.8 1.3 0.5 0.2 0.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Non-Current Assets 240.5 219.9 148.0 86.1 85.2 82.0 41.6 5.9 4.1 3.9 1.5 2.2 0.3 0.3 0.2 0.2 0.3 0.5 0.7 0.8 1.2
Total Assets 488.0 432.7 353.7 273.0 243.7 205.6 153.2 118.7 54.6 48.6 19.3 26.2 18.2 12.2 11.6 11.9 13.4 9.5 12.4 20.9 6.1
Current Liabilities
Account Payables 15.8 23.8 22.3 16.9 9.0 6.8 6.3 7.1 5.6 6.5 0 0 0.2 0.2 0.4 0.6 0.9 0.8 0.8 1.9 1
Short-Term Debt 14.1 0 0 0 0 0 0 0 0.3 0.8 0.2 0.5 0 0 0 0 0 0 0 0.1 0.1
Deferred Revenue 0 0 0 0 0 0 0 0 6.0 4.5 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 19.2 13.7 13.3 10.3 9.9 9.2 6.9 7.5 4.0 2.7 0 0 0 0 0 0 0 0.2 0.0 (0.1) 0.2
Total Current Liabilities 49.1 50.3 45.7 37.5 26.1 22.5 19.8 14.8 13.1 12.9 1.7 2.1 0.6 0.6 0.8 1.0 1.0 1.0 1.5 2.1 1.2
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 0 0 0 16.9 9.3 0.1 0.3 0 0 0 0 0 0 0 0 0.1
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 (27.9) (11.4) 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0 0.9 0.1 0 0 0 0 1.7 2.1 0 0 0 0 0 0 0 0 0 1.4 0 0
Total Non-Current Liabilities 84.2 90.5 82.0 43.3 47.2 48.9 22.4 1.7 18.9 11.0 0.3 0.8 0.4 0.4 0.6 0.9 0.8 0.8 1.4 0.0 0.1
Total Liabilities 133.3 140.8 127.7 80.7 73.2 71.3 42.1 16.5 32.0 23.9 2.0 2.9 0.6 0.6 0.8 1.0 1.0 1.0 1.5 2.1 1.3
Stockholders' Equity
Common Stock 730.7 684.8 629.2 593.2 553.9 510.1 489.7 471.2 383.0 329.7 213.1 203.2 131.5 115.0 104.6 96.8 92.4 72.3 59.5 58.0 0
Retained Earnings (376.3) (392.8) (403.2) (400.0) (383.3) (375.8) (378.7) (369.0) (360.9) (343.6) (195.8) (179.9) (113.9) (103.4) (93.8) (85.9) (79.9) (70.3) (58.9) (49.4) (33.2)
Accumulated Other Comprehensive Income 0.3 0.0 (0.1) (1.0) (0.2) 0.0 0.0 (0.0) (6.6) (7.1) (3.1) (2.6) (3.2) (3.0) (2.9) (2.9) (2.8) (2.5) 0.3 0.3 (1.4)
Total Stockholders' Equity 354.6 292.0 226.0 192.3 170.5 134.3 111.1 102.2 22.5 24.7 17.3 23.3 17.6 11.6 10.8 10.9 12.4 8.5 10.8 18.8 4.8
Total Liabilities & Equity 488.0 432.7 353.7 273.0 243.7 205.6 153.2 118.7 54.6 48.6 19.3 26.2 18.2 12.2 11.6 11.9 13.4 9.5 12.4 20.9 6.1
Debt Metrics
Total Debt 98.3 98.8 88.0 47.6 50.2 53.3 27.9 0 17.2 10.1 0.8 1.2 0 0 0 0 0 0 0.1 0.1 0.3
Net Debt (1.8) 24.3 19.0 (3.5) (18.1) 19.7 1.0 (18.3) (9.6) (12.8) (16.2) (15.3) (16.9) (10.5) (8.6) (10.7) (2.1) (7.5) (2.0) (1.2) (3.8)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Operating Activities
Net Income 16.5 10.4 (3.2) (16.7) (7.5) 2.9 (9.7) (8.1) (17.3) (19.6) (11.8) (10.5) (9.6) (7.9) (5.9) (9.4) (11.0) (17.2) (14.3) (9.9)
Depreciation & Amortization 11.4 5.5 4.6 4.0 3.0 2.4 1.7 1.4 1.6 1.9 0.1 0.1 0.1 0.1 0.1 0.3 0.2 0.4 0.5 0.4
Stock-Based Compensation 38.8 36.5 32.3 37.2 34.3 13.8 13.2 7.2 2.7 2.5 1.0 0.2 0 0.3 0 0 0 0 0 0
Change in Working Capital (21.4) (0.5) (4.0) (11.2) (6.2) (6.4) (14.7) (4.0) (1.6) (9.2) 0.5 0.2 (0.6) (1.1) (0.7) 0.1 (1.5) (0.3) 0.4 0.5
Other Non-Cash Items 6.6 6.3 5.5 3.7 4.4 4.4 2.8 3.1 (0.0) 1.8 0.2 0.7 1.1 0.2 0.1 2.1 1.1 1.5 0.1 (0.1)
Operating Cash Flow 51.9 58.2 35.3 17.7 29.0 17.6 (7.2) (0.4) (13.2) (19.9) (11.1) (9.5) (9.0) (8.7) (6.4) (6.9) (11.2) (15.6) (13.3) (9.1)
Investing Activities
Capital Expenditure (27.2) (64.0) (27.5) (7.6) (7.9) (2.6) (2.6) (2.7) (1.5) (1.4) (0.6) (0.2) (0.1) (0.2) (0.1) (0.1) (0.1) (0.2) (0.4) (0.4)
Acquisitions 0 0 0 7.6 7.9 2.6 2.6 2.7 0 0 0 0 0 0.2 0 0 0 0 0 0
Purchases of Investments (72.4) (68.2) (55.2) (69.6) (60.0) (63.1) (72.3) (66.5) 0 0 (25.9) (25.9) 0 (5.5) (1.5) (10.7) (1) (12.3) (19.2) 0
Sales/Maturities of Investments 55.6 53.2 79.6 40.9 64.4 48.5 85.6 2.2 0 0 8 8 1 4.5 12.2 0 10.2 18.4 4.2 8.5
Other Investing Activities 0 (64.0) (27.5) (7.6) (7.9) (2.6) (2.6) (2.7) (1.5) (1.4) 0 0 0 (0.2) (0.2) 0 0 0 0 0
Investing Cash Flow (43.9) (79.0) (3.1) (36.2) (3.5) (17.2) 10.6 (67.0) (1.5) (1.4) (18.5) (0.2) 0.9 (1.2) 10.7 (10.8) 9.1 5.9 (15.4) 8.1
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 (18.2) 6.8 10.3 0 0 0 0 0 0 0 (0.1) 10 (0.2)
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.0) 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (6.9) (5.5) (2.4) (2.6) (2.0) (0.2) (0.0) 7.1 3.6 (0.0) 0 0 (6.1) (2.2) (3.6) 7.9 0 0 (0.3) 0
Financing Cash Flow 7.1 19.1 3.6 1.0 9.2 6.4 5.3 58.9 18.6 29.7 27.1 16.1 10.0 7.8 4.3 12.2 7.5 9.9 19.7 9.3
Cash Position
Net Change in Cash 15.0 (1.8) 35.8 (17.5) 34.7 6.9 8.7 (8.6) 3.9 8.4 (2.5) 6.4 1.9 (2.1) 8.6 (5.5) 5.5 0.1 (9) 8.3
Cash at Beginning 85.0 86.9 51.1 68.5 33.8 27.0 18.3 26.9 23.0 14.6 16.9 10.5 8.6 10.7 2.1 7.5 2.1 1.9 11 2.7
Cash at End 100.1 85.0 86.9 51.1 68.5 33.8 27.0 18.3 26.9 23.0 14.4 16.9 10.5 8.6 10.7 2.1 7.5 2.1 2 11
Free Cash Flow 24.7 (5.8) 7.8 10.1 21.1 14.9 (9.8) (3.1) (14.7) (21.3) (11.7) (9.7) (9.1) (8.9) (6.4) (7.0) (11.3) (15.9) (13.7) (9.5)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Income Statement
Revenue 276.3 237.2 197.5 164.4 156.2 124.2 117.8 90.9 63.9 54.4 51.2 28.8 0.0 0.0 0.0 0.1 0.2 0.5 0.7 0.9 0.9 1.3 0.8 0.9 0.9 1.1 0.9 0.2 0.4 1.6
Gross Profit 205.6 172.1 135.6 109.8 106.0 84.2 80.3 58.7 33.6 26.1 24.7 11.5 0.0 0.0 0.0 0.1 0.1 0.5 0.7 0.9 0.8 1.0 (0.0) 0.7 0.9 0.2 0.9 0.2 0.9 (8)
Operating Income 11.0 4.5 (6.5) (17.1) (7.9) 2.4 (11.3) (3.9) (15.0) (19.2) (16.7) (23.5) (21.0) (33.8) (29.0) (17.8) (16.2) (21.2) (19.5) (17.7) (12.4) (10.7) (9.7) (8.3) (6.6) (9.8) (12.8) (18.1) (15) (10.5)
Net Income 16.5 10.4 (3.2) (16.7) (7.5) 2.9 (9.7) (8.1) (17.3) (19.6) (16.3) (19.9) (15.6) (29.5) (19.7) (17.7) (15.9) (20.1) (17.6) (16.5) (11.8) (10.5) (9.6) (7.9) (5.9) (9.4) (11.0) (17.2) (14.3) (9.9)
EPS (Diluted) 0.32 0.20 -0.07 -0.35 -0.16 0.06 -0.18 -0.20 -0.52 -0.85 -0.69 -1.71 -5.18 -14.31 -10.19 -14.34 -17.84 -24.95 -23.55 -24.79 -20.20 -22.77 -30.06 -30.16 -27.86 -64.36 -115.01 -206.34 -203.20 -171.20
Balance Sheet
Cash & Equivalents 100.1 74.5 69.1 51.1 68.3 33.6 26.9 18.3 26.9 23.0 17 16.5 16.9 10.5 8.6 10.7 2.1 7.5 2.1 1.3 4.1
Total Assets 488.0 432.7 353.7 273.0 243.7 205.6 153.2 118.7 54.6 48.6 19.3 26.2 18.2 12.2 11.6 11.9 13.4 9.5 12.4 20.9 6.1
Total Debt 98.3 98.8 88.0 47.6 50.2 53.3 27.9 0 17.2 10.1 0.8 1.2 0 0 0 0 0 0 0.1 0.1 0.3
Stockholders' Equity 354.6 292.0 226.0 192.3 170.5 134.3 111.1 102.2 22.5 24.7 17.3 23.3 17.6 11.6 10.8 10.9 12.4 8.5 10.8 18.8 4.8
Cash Flow
Operating Cash Flow 51.9 58.2 35.3 17.7 29.0 17.6 (7.2) (0.4) (13.2) (19.9) (11.1) (9.5) (9.0) (8.7) (6.4) (6.9) (11.2) (15.6) (13.3) (9.1)
Capital Expenditure (27.2) (64.0) (27.5) (7.6) (7.9) (2.6) (2.6) (2.7) (1.5) (1.4) (0.6) (0.2) (0.1) (0.2) (0.1) (0.1) (0.1) (0.2) (0.4) (0.4)
Free Cash Flow 24.7 (5.8) 7.8 10.1 21.1 14.9 (9.8) (3.1) (14.7) (21.3) (11.7) (9.7) (9.1) (8.9) (6.4) (7.0) (11.3) (15.9) (13.7) (9.5)