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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 58M | 10% |
| Gross Profit | 42M | 13.8% |
| Cost of Revenue | 16M | 1.2% |
| Operating expense | 44M | 3.5% |
| Net Income | -900,000 | 80.8% |
| EBITDA | -2.5M | 47.6% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 390M | 3.6% |
| Total Liabilities | 133M | 0.7% |
| Total Equity | 257M | 6% |
| Shares Outstanding | 49M | 0.8% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 10M | 45.1% |
| Cash from investing | -21M | 19.7% |
| Cash from financing | 5.5M | 28.6% |
EPS
Financial Highlights for Vericel in Q3 '24
Vericel reported a revenue of 58M, which is a 10% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 42M, marking a 13.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 16M, a 1.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 44M, showing a 3.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -900,000, showing a 80.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -2.5M, showing a 47.6% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Vericel with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
