Vericel Affirms FY24 Sales Guidance Of $238M-$242M Vs, $240.27M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vericel has reaffirmed its FY24 sales guidance of $238M-$242M, aligning closely with the $240.27M estimate. The company also raised its profitability guidance to a 71% gross margin and a 21% adjusted EBITDA margin.
August 01, 2024 | 12:11 pm
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Vericel has reaffirmed its FY24 sales guidance of $238M-$242M, aligning closely with the $240.27M estimate. The company also raised its profitability guidance to a 71% gross margin and a 21% adjusted EBITDA margin.
The reaffirmation of sales guidance and the increase in profitability metrics are positive indicators for Vericel's financial health. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100