Vericel (VCEL) FY2015 results: revenue $51 million, up 77.7% on the year
Vericel Corp. (VCEL) reported revenue of $51 million for fiscal 2015, the year ended 31 December 2015, up 77.7% on the year before. Net income was -$16 million, and diluted earnings per share $-0.97. The figures are the company's own, from the 10-K it filed with the SEC on 14 March 2016.
Revenue
$51 million
+77.7% on the year
FY2011FY2015
Operating margin
-32.6%
-81.7% a year earlier
FY2011FY2015
Net income
-$16 million
FY2011FY2015
Diluted EPS
-$0.97
FY2011FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
51.2
28.8
0.0
+77.7%
Cost of revenue
26.5
17.3
0.0
+53.1%
Gross profit
24.7
11.5
0.0
+114.7%
Gross margin
48.3%
39.9%
78.9%
Research and development
18.9
21.3
15.1
-11.2%
Selling, general and administrative
22.5
13.8
5.9
+63.2%
Operating income
-16.7
-23.5
-21.0
Operating margin
-32.6%
-81.7%
-110336.8%
Interest expense
0.0
0.0
0.0
+50.0%
Pre-tax income
-16.3
-19.9
-15.6
Income tax
0.0
0.0
0.0
Net income
-16.3
-19.9
-15.6
Net margin
-31.9%
-69.2%
-82221.1%
Diluted EPS
-$0.97
-$2.23
-$6.95
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
-13.3
-25.4
-19.9
Capital expenditure
2.4
0.8
0.0
+192.8%
Free cash flow
-15.8
-26.2
-20.0
Free cash flow margin
-30.8%
-91.1%
-105173.7%
Cash from investing
-2.4
n/a
n/a
Cash from financing
-0.0
n/a
n/a
Depreciation and amortisation
1.6
0.8
0.5
+111.7%
Share-based compensation
2.7
0.8
0.9
+227.4%
Shares outstanding at period end
24m
24m
5m
+0.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
22.1
35.6
3.9
-37.9%
Debt
0.1
0.1
0.0
-34.9%
Other liabilities
12.1
11.8
5.3
+2.4%
Total liabilities and equity
34.3
47.6
9.2
-27.9%
Fixed assets
4.0
2.9
0.7
+40.0%
Intangible assets
2.9
3.2
n/a
-8.8%
Cash and equivalents
14.6
30.3
8.1
-51.9%
Receivables
10.9
8.2
0.0
+33.3%
Inventory
1.4
1.9
n/a
-28.2%
Other assets
0.5
1.0
0.4
-55.2%
Total assets
34.3
47.6
9.2
-27.9%
10-K for the year ended 31 December 2015, filed 14 March 2016: the filing.