Vericel reports 1Q19 MACI revenue of USD $16.6MM, +37% vs. 1Q18.
- Biopsy and implant trends indicate that MACI is on track to potentially exceed previous guidance
- The company provided revised guidance for MACI and Epicel combined, raising it to $100MM to $114MM, up from $108MM to $112MM; MACI is expected to account for at least $90MM of the updated guidance
- Expanded MACI salesforce now deployed into the field, bringing total number of sales territories to 48
MACI sales and growth on an as-reported basis ($MM):
1Q19 | 1Q18 | $ Chg | % Chg | |
Orthobiologics | $16.6 | $12.1 | $4.5 | 37.0% |
Net earnings ($MM):
1Q19 | Amount ($MM) | % of Sales |
Sales | $21.8 | |
Cost of Sales | -$8.6 | 39.6% |
Other | $0.5 | 2.3% |
R & D | -$3.0 | 13.8% |
Selling and Admin | -$13.5 | 62.0% |
Net Earnings | -$2.8 | -13.0% |
Sources: Vericel; ORTHOWORLD estimates
Mike Evers is ORTHOWORLD’s Market Analyst. He can be reached by email.
Vericel reports 1Q19 MACI revenue of USD $16.6MM, +37% vs. 1Q18.
Biopsy and implant trends indicate that MACI is on track to potentially exceed previous guidance
The company provided revised guidance for MACI and Epicel combined, raising it to $100MM to $114MM, up from $108MM to $112MM; MACI is expected to account for at least $90MM...
Vericel reports 1Q19 MACI revenue of USD $16.6MM, +37% vs. 1Q18.
- Biopsy and implant trends indicate that MACI is on track to potentially exceed previous guidance
- The company provided revised guidance for MACI and Epicel combined, raising it to $100MM to $114MM, up from $108MM to $112MM; MACI is expected to account for at least $90MM of the updated guidance
- Expanded MACI salesforce now deployed into the field, bringing total number of sales territories to 48
MACI sales and growth on an as-reported basis ($MM):
1Q19 | 1Q18 | $ Chg | % Chg | |
Orthobiologics | $16.6 | $12.1 | $4.5 | 37.0% |
Net earnings ($MM):
1Q19 | Amount ($MM) | % of Sales |
Sales | $21.8 | |
Cost of Sales | -$8.6 | 39.6% |
Other | $0.5 | 2.3% |
R & D | -$3.0 | 13.8% |
Selling and Admin | -$13.5 | 62.0% |
Net Earnings | -$2.8 | -13.0% |
Sources: Vericel; ORTHOWORLD estimates
Mike Evers is ORTHOWORLD’s Market Analyst. He can be reached by email.
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ME
Mike Evers is a Senior Market Analyst and writer with over 15 years of experience in the medical industry, spanning cardiac rhythm management, ER coding and billing, and orthopedics. He joined ORTHOWORLD in 2018, where he provides market analysis and editorial coverage.