Vericel Raises FY24 Revenue Guidance From $237M-$241M To $238M-$242M Vs $239.24M Est.
Portfolio Pulse from Benzinga Newsdesk
Vericel has updated its FY24 revenue guidance, raising the range from $237M-$241M to $238M-$242M, slightly above the estimated $239.24M. The company also reaffirmed its profitability guidance, expecting a gross margin of around 70% and an adjusted EBITDA margin of about 20%.
May 08, 2024 | 11:58 am
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Vericel raises its FY24 revenue guidance to $238M-$242M, surpassing the $239.24M estimate, and maintains profitability expectations with a gross margin of 70% and an adjusted EBITDA margin of 20%.
Raising the revenue guidance indicates Vericel's positive outlook and potential for growth, likely leading to increased investor confidence and a positive short-term impact on the stock price. The reaffirmation of profitability guidance further supports the company's stable financial health.
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