Vericel (VCEL) FY2021 results: revenue $156 million, up 25.8% on the year
Vericel Corp. (VCEL) reported revenue of $156 million for fiscal 2021, the year ended 31 December 2021, up 25.8% on the year before. Net income was -$7 million, and diluted earnings per share $-0.16. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$156 million
+25.8% on the year
FY2014FY2021
Operating margin
-5.0%
1.9% a year earlier
FY2014FY2021
Net income
-$7 million
FY2014FY2021
Diluted EPS
-$0.16
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
29.0
17.6
-7.2
+65.3%
Capital expenditure
7.9
2.6
2.6
+201.4%
Free cash flow
21.1
14.9
-9.8
+41.3%
Free cash flow margin
13.5%
12.0%
-8.3%
Cash from investing
-3.5
-17.2
10.6
Cash from financing
9.2
6.4
5.3
+42.4%
Depreciation and amortisation
3.0
2.4
1.7
+24.4%
Share-based compensation
34.3
13.8
13.2
+147.9%
Diluted shares, weighted
46m
47m
44m
-1.7%
Shares outstanding at period end
47m
46m
45m
+2.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
170
134
111
+27.0%
Debt
0.0
0.0
0.0
Operating lease liabilities
47.1
48.8
22.2
-3.4%
Finance lease liabilities
0.0
0.1
0.1
-42.1%
Other liabilities
26.1
22.5
19.8
+15.9%
Total liabilities and equity
244
206
153
+18.5%
Intangible assets
0.0
n/a
n/a
Investments
60.8
66.3
52.1
-8.3%
Cash and equivalents
68.3
33.6
26.9
+103.2%
Receivables
37.4
34.5
32.2
+8.5%
Inventory
13.4
9.4
6.8
+43.0%
Other assets
63.8
61.8
35.3
+3.2%
Total assets
244
206
153
+18.5%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.