Vericel corporation (VCEL)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10
Product sales, net

26,678

39,390

30,499

26,151

21,810

31,335

22,484

19,011

18,027

22,186

14,260

16,953

9,361

16,523

10,929

12,823

14,108

15,420

11,309

13,590

10,849

14,706

9,658

4,432

0

8

0

3

8

19

0

0

2

0

9

0

9

-

-

-

Revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,420

11,309

13,590

10,849

-

9,658

4,432

0

8

0

3

8

19

0

0

2

0

9

0

9

-

-

-

Gross profit

16,756

28,805

21,175

17,129

13,170

22,706

14,346

11,284

10,361

14,961

7,074

9,283

2,252

8,932

4,073

5,523

7,548

8,191

4,537

6,689

5,281

7,954

4,126

-577

0

-

0

2

-

-

-

-

-

-

-

-

-

-

-

-

Research and development

3,763

3,217

3,096

21,070

3,008

3,018

3,113

3,739

3,729

3,587

2,919

2,971

3,467

4,258

3,443

4,058

3,536

7,404

3,740

3,369

4,377

5,793

7,835

4,364

3,271

3,315

2,575

3,676

5,538

6,013

6,147

7,069

6,796

5,904

5,750

5,304

4,372

4,442

4,167

3,619

Selling, general and administrative

18,069

16,378

14,982

16,259

13,520

13,693

12,569

11,791

10,954

10,183

8,186

8,833

8,408

7,925

7,010

6,449

6,004

5,744

5,674

5,585

5,476

4,506

4,313

3,581

1,374

1,616

1,066

1,560

1,633

1,619

2,138

2,231

1,762

1,930

1,696

2,203

1,895

1,579

1,686

1,521

Total operating expenses

21,832

19,595

18,078

37,329

16,528

16,711

15,682

15,530

14,683

13,770

11,105

11,804

11,875

14,821

10,453

10,507

9,540

13,148

9,414

8,954

9,853

10,299

12,148

7,945

4,645

4,929

3,641

5,236

7,173

7,630

8,285

9,300

8,560

7,834

7,448

7,507

6,269

6,023

5,853

5,140

Loss from operations

-5,076

9,210

3,097

-20,200

-3,358

5,995

-1,336

-4,246

-4,322

1,191

-4,031

-2,521

-9,623

-5,889

-6,380

-4,984

-1,992

-4,957

-4,877

-2,265

-4,572

-2,345

-8,022

-8,522

-4,645

-4,924

-3,641

-5,234

-7,165

-7,617

-8,285

-9,300

-8,558

-7,834

-7,439

-7,507

-6,260

-5,770

-5,853

-5,140

Other income (expense):
Fair Value Adjustment of Warrants

-

-

0

0

-

0

-420

37

2,907

-255

1,060

-441

-107

99

203

-1,942

1,640

-68

-461

-112

317

-128

-949

-248

1,352

-2,006

-1,367

-345

-1,619

-3,055

-2,241

1,948

-900

-13,614

5,496

-2,465

1,254

-7,401

-99

1,348

Bargain purchase gain

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,634

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency translation loss

-

-

-

-

-

-

-

-

-

-

-6

-13

-1

-

-6

-1

-10

-

-5

-6

16

-2

154

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

306

321

385

428

480

507

307

83

0

8

2

3

1

1

0

2

5

7

7

9

13

13

3

4

4

4

4

3

5

10

14

20

6

4

12

17

20

15

25

32

Other income

2

14

2

2

2

-1,309

460

448

432

-786

317

299

262

-77

86

3

3

3

2

2

2

1

1

2

2

2

3

3

3

2

4

3

3

3

3

2

2

0

5

7

Interest expense

67

-16

-10

-18

36

-1,731

0

-3

2

-1,113

5

1

0

-304

0

0

-10

-20

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other income (expense)

371

291

373

408

514

-753

267

-405

-3,337

-904

-1,376

133

-155

-308

-295

1,940

-1,658

47

461

113

-290

-25

1,105

3,884

-1,350

2,008

1,368

345

1,621

967

2,251

1,965

-897

5,045

5,505

-2,450

1,272

-7,386

-79

1,373

Net Income (Loss) Attributable to Parent

-4,705

9,501

3,470

-19,792

-2,844

5,242

-1,069

-4,651

-7,659

287

-5,407

-2,388

-9,778

-6,197

-6,675

-3,044

-3,650

-4,910

-4,416

-2,152

-4,862

-2,370

-6,917

-4,638

-5,995

-2,916

-2,273

-4,889

-5,544

-6,650

-6,034

-7,335

-9,455

-2,789

-1,934

-9,957

-4,988

-

-

-3,767

Accretion of convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,231

289

-

-

-

-

-

-

-

Net loss attributable to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,566

-9,744

-

-1,934

-9,957

-4,988

-13,156

-5,932

-

Net loss per share attributable to common shareholders (Basic and Diluted) (in dollars per share)

-0.10

-

-

-0.45

-0.07

-

-

-0.12

-0.21

0.02

-0.16

-0.07

-0.31

-0.34

-0.38

-0.22

-0.24

-0.28

-0.26

-0.16

-0.27

0.79

-0.82

-0.94

-1.26

-0.03

-1.20

-2.72

-3.00

-15.61

-0.17

-0.22

-0.25

-9.74

-0.05

-0.26

-0.13

-0.44

-0.21

-0.13

Weighted average number of common shares outstanding (Basic and Diluted) (in shares)

44,924

-

-

43,956

43,725

-

-

38,349

36,140

35,092

33,667

32,765

31,896

24,340

22,744

22,684

22,604

23,680

23,788

23,786

23,786

23,909

10,273

6,518

5,868

4,496

3,042

2,283

2,243

-112,720

43,336

38,882

38,742

-

38,632

38,622

-

-

-

-

Weighted Average Number of Shares Outstanding, Basic (in shares)

-

-

44,251

-

-

-

42,925

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38,617

-

28,255

28,256

Earnings Per Share, Basic (in dollars per share)

-

-

0.08

-

-

-

-0.02

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings Per Share, Diluted (in dollars per share)

-

-

0.07

-

-

-

-0.02

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Diluted (in shares)

-

-

46,667

-

-

-

42,925

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38,617

-

28,255

28,256

Product
Product sales, net

-

-

30,499

26,151

-

-

22,484

19,011

18,027

-

14,260

16,953

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of product sales

9,922

10,585

9,324

9,022

8,640

8,629

8,138

7,727

7,666

8,389

7,186

7,670

7,109

7,591

6,856

7,300

6,560

7,229

6,772

6,901

5,568

6,752

5,532

5,009

0

1

0

1

2

4

0

0

2

0

2

0

2

-

-

-