Brief: Vericel Reports Fourth Quarter And Full-Year 2020 Financial Results, Provides Full-Year 2021 Financial Guidance

Vericel

24/02/2021 13:42

Feb 24 (Reuters) - Vericel Corp  VCEL.O :
    * VERICEL REPORTS FOURTH QUARTER AND FULL-YEAR 2020
FINANCIAL
RESULTS AND PROVIDES FULL-YEAR 2021 FINANCIAL GUIDANCE
    * Q4 EARNINGS PER SHARE $0.25
    * Q4 REVENUE $45.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$45
MILLION
    * Q4 EARNINGS PER SHARE ESTIMATE $0.20 -- REFINITIV IBES
DATA
    * SEES FY 2021 REVENUE UP 30 TO 32 PERCENT
    * SEES FY 2021 REVENUE ABOUT $161 MILLION TO $164 MILLION
    * TOTAL NET REVENUE FOR 2021 EXPECTED TO GROW 30%-32% TO
APPROXIMATELY $161 MILLION TO $164 MILLION
    * SEES 2021 GROSS MARGIN TO BE 70% TO 71%
    * SEES 2021 ADJUSTED EBITDA MARGIN TO BE 21% TO 23%

Source text for Eikon:  ID:nGNX2xqVkn 
Further company coverage:  VCEL.O 

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