VERICEL CORPORATION VCEL Income Statement

Vericel corporation (VCEL)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10
Product sales, net
122,718	117,850	109,795	101,780	94,640	90,857	81,708	73,484	71,426	62,760	57,097	53,766	49,636	54,383	53,280	53,660	54,427	51,168	50,454	48,803	39,645	28,796	14,098	4,440	11	19	30	30	27	21	2	11	11	18	0	0	0	-	-	-
Revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51,168	0	0	0	-	14,098	4,440	11	19	30	30	27	21	2	11	11	18	0	0	0	-	-	-
Gross profit
83,865	80,279	74,180	67,351	61,506	58,697	50,952	43,680	41,679	33,570	27,541	24,540	20,780	26,076	25,335	25,799	26,965	24,698	24,461	24,050	16,784	11,503	3,549	-575	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Research and development
31,146	30,391	30,192	30,209	12,878	13,599	14,168	13,974	13,206	12,944	13,615	14,139	15,226	15,295	18,441	18,738	18,049	18,890	17,279	21,374	22,369	21,263	18,785	13,525	12,837	15,104	17,802	21,374	24,767	26,025	25,916	25,519	23,754	21,330	19,868	18,285	16,600	0	0	0
Selling, general and administrative
65,688	61,139	58,454	56,041	51,573	49,007	45,497	41,114	38,156	35,610	33,352	32,176	29,792	27,388	25,207	23,871	23,007	22,479	21,241	19,880	17,876	13,774	10,884	7,637	5,616	5,875	5,878	6,950	7,621	7,750	8,061	7,619	7,591	7,724	7,373	7,363	6,681	0	0	0
Total operating expenses
96,834	91,530	88,646	86,250	64,451	62,606	59,665	55,088	51,362	48,554	49,605	48,953	47,656	45,321	43,648	42,609	41,056	41,369	38,520	41,254	40,245	35,037	29,667	21,160	18,451	20,979	23,680	28,324	32,388	33,775	33,979	33,142	31,349	29,058	27,247	25,652	23,285	0	0	0
Loss from operations
-12,969	-11,251	-14,466	-18,899	-2,945	-3,909	-8,713	-11,408	-9,683	-14,984	-22,064	-24,413	-26,876	-19,245	-18,313	-16,810	-14,091	-16,671	-14,059	-17,204	-23,461	-23,534	-26,113	-21,732	-18,444	-20,964	-23,657	-28,301	-32,367	-33,760	-33,977	-33,131	-31,338	-29,040	-26,976	-25,390	-23,023	0	0	0
Other income (expense):
Fair Value Adjustment of Warrants
-	-	0	-420	-	2,524	2,269	3,749	3,271	257	611	-246	-1,747	0	-167	-831	999	-324	-384	-872	-1,008	27	-1,851	-2,269	-2,366	-5,337	-6,386	-7,260	-4,967	-4,248	-14,807	-7,070	-11,483	-9,329	-3,116	-8,711	-4,898	0	0	0
Bargain purchase gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency translation loss
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-89	-88	-93	-	3	162	168	152	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
1,440	1,614	1,800	1,722	1,377	897	398	93	13	14	7	5	4	8	14	21	28	36	42	38	33	24	15	16	15	16	22	32	49	50	44	42	39	53	64	77	92	0	0	0
Other income
20	20	-1,303	-845	-399	31	554	411	262	92	801	570	274	15	95	11	10	9	7	6	6	6	7	9	10	11	11	12	12	12	13	12	11	10	7	9	14	0	0	0
Interest expense
23	-8	-1,723	-1,713	-1,698	-1,732	-1,114	-1,109	-1,105	-1,107	-298	-303	-304	-314	-30	-30	-30	-20	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income (expense)
1,443	1,586	542	436	-377	-4,228	-4,379	-6,022	-5,484	-2,302	-1,706	-625	1,182	-321	34	790	-1,037	331	259	903	4,674	3,614	5,647	5,910	2,371	5,342	4,301	5,184	6,804	4,286	8,364	11,618	7,203	9,372	-3,059	-8,643	-4,820	0	0	0
Net Income (Loss) Attributable to Parent
-11,526	-9,665	-13,924	-18,463	-3,322	-8,137	-13,092	-17,430	-15,167	-17,286	-23,770	-25,038	-25,694	-19,566	-18,279	-16,020	-15,128	-16,340	-13,800	-16,301	-18,787	-19,920	-20,466	-15,822	-16,073	-15,622	-19,356	-23,117	-25,563	-29,474	-25,613	-21,513	-24,135	-19,668	0	0	0	-	-	0
Accretion of convertible preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Net loss attributable to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-30,035	-34,033	0	0	0	-
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
-	-	0	0	-	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of product sales
38,853	37,571	35,615	34,429	33,134	32,160	31,920	30,968	30,911	30,354	29,556	29,226	28,856	28,307	27,945	27,861	27,462	26,470	25,993	24,753	22,861	17,293	10,542	5,010	2	4	7	7	6	6	2	4	4	4	0	0	0	-	-	-