Vericel lowers FY24 revenue view to $237M-$237.5M from $238M-$242M

Consensus $239.76M. Raises FY24 gross margin view to 72.5% from 72%. Backs FY24 adjusted EBITDA margin view 22%. Vericel (VCEL) announced preliminary, unaudited financial results for the fourth quarter and year ended December 31, 2024, full-year 2025 financial guidance and updated mid-term profitability targets.