Vericel FY23 Prelim. Total Net Revenue Expected To Be $197.5M vs $195.04M Est., Q4 Revenue Expected To Be ~$65M vs $62.6M Est.
Portfolio Pulse from Benzinga Newsdesk
Vericel Corporation has announced preliminary financial results for FY23, expecting total net revenue of $197.5 million, surpassing the estimate of $195.04 million. For Q4, the company anticipates revenue to be around $65 million, which also exceeds the estimated $62.6 million.
January 09, 2024 | 12:56 pm
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Vericel Corporation's preliminary FY23 revenue of $197.5M and Q4 revenue of $65M both exceed analyst estimates, indicating strong financial performance.
Vericel's reported preliminary revenues for FY23 and Q4 are higher than analyst expectations, which is a positive signal for investors and could lead to a short-term increase in stock price due to perceived financial strength and growth.
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RELEVANCE 100