Vericel (VCEL) FY2022 results: revenue $164 million, up 5.2% on the year
Vericel Corp. (VCEL) reported revenue of $164 million for fiscal 2022, the year ended 31 December 2022, up 5.2% on the year before. Net income was -$17 million, and diluted earnings per share $-0.35. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$164 million
+5.2% on the year
FY2015FY2022
Operating margin
-10.4%
-5.0% a year earlier
FY2015FY2022
Net income
-$17 million
FY2015FY2022
Diluted EPS
-$0.35
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
17.7
29.0
17.6
-39.1%
Capital expenditure
7.6
7.9
2.6
-4.0%
Free cash flow
10.1
21.1
14.9
-52.2%
Free cash flow margin
6.1%
13.5%
12.0%
Cash from investing
-36.2
-3.5
-17.2
Cash from financing
1.0
9.2
6.4
-88.6%
Depreciation and amortisation
4.0
3.0
2.4
+34.3%
Share-based compensation
37.2
34.3
13.8
+8.3%
Diluted shares, weighted
47m
46m
47m
+1.4%
Shares outstanding at period end
47m
47m
46m
+0.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
192
170
134
+12.8%
Debt
0.0
0.0
0.0
Operating lease liabilities
43.3
47.1
48.8
-8.2%
Finance lease liabilities
0.0
0.0
0.1
Other liabilities
37.5
26.1
22.5
+43.8%
Total liabilities and equity
273
244
206
+12.0%
Intangible assets
7.5
0.0
n/a
Investments
88.4
60.8
66.3
+45.6%
Cash and equivalents
51.1
68.3
33.6
-25.3%
Receivables
46.5
37.4
34.5
+24.3%
Inventory
16.0
13.4
9.4
+19.5%
Other assets
63.5
63.8
61.8
-0.5%
Total assets
273
244
206
+12.0%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.