Vericel (US:VCEL)2024-11-07 13:47Financial Performance - Q3 2024 - Record Q3 total revenue reached $57.9 million[3] - MACI revenue experienced a growth of 19% reaching $44.7 million[3] - Burn Care revenue increased by 66% reaching $13.2 million[3] - Gross margin improved to 72%, a 480 bps increase compared to Q3 2023[3] - Adjusted EBITDA increased by 84% reaching $10.0 million compared to Q3 2023[3] Financial Performance - Year-to-Date (YTD) 2024 - Total net revenue increased by 22% to $161.8 million[4] - MACI net revenue grew by 19% to $129.0 million[4] - Burn Care net revenue increased by 35% to $32.9 million[4] - Adjusted EBITDA growth of 103% to $23.6 million, with a 15% adjusted EBITDA margin, up 580 bps vs prior year[4] Financial Guidance - The company anticipates total revenue between $238 million and $242 million[8] - The company raised guidance to 72% gross margin[9] - The company raised guidance to 22% Adjusted EBITDA Margin[9]