Vericel (NASDAQ: VCEL) reported Q3 EPS of ($0.02), $0.09 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $22.5 million versus the consensus estimate of $18.14 million.
“We achieved record third quarter revenues and our consistently strong revenue growth has generated significant improvements in gross margins, profitability and cash flow,” said Nick Colangelo, president and CEO of Vericel. “Based on the strength of our performance year to date and the continued momentum in MACI uptake, we have raised our full year 2018 revenue guidance and plan to further expand the MACI sales force to meet an expanded addressable market.”
GUIDANCE:
Vericel sees FY2018 revenue of $87-90 million, versus the consensus of $81.57 million.
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