Vericel (VCEL) - 2019 Q4 - Earnings Call Presentation

Financial Performance - Total revenue for Q4 2019 increased by 26% compared to Q4 2018[5] - Full-year 2019 MACI revenue grew by 35%[5] - Full-year 2019 Epicel revenue grew by 13%[5] - Gross margin expanded by 66 basis points in Q4 2019 compared to Q4 2018[5] - Adjusted EBITDA improved by $5.1 million in Q4 2019 compared to Q4 2018[5] - Net product sales for the full year 2019 were $117.85 million, compared to $90.857 million in 2018[16] Revenue Details - Q4 2019 total revenue was $33.6 million[9] - Full-year 2019 total revenue was $91.6 million[11] Guidance and Future Expectations - Full-year 2020 revenue guidance is $141-$146 million[6] - Full-year MACI revenue is expected to grow by approximately 26% in 2020[19]