Vericel Corp Ord (VCEL)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	135,576	125,318	119,943	112,856	109,788	105,571	102,436	106,492	106,025	105,640	106,013	90,457	84,228	79,386	78,090	83,865	80,279	74,180	67,351	61,506
Revenue (ttm)	US$ in thousands	197,516	185,214	178,184	169,308	164,365	159,262	155,217	157,690	156,184	153,822	151,574	132,069	124,179	118,340	116,581	122,718	117,850	109,795	101,780	94,640
Gross profit margin		68.64%	67.66%	67.31%	66.66%	66.80%	66.29%	66.00%	67.53%	67.88%	68.68%	69.94%	68.49%	67.83%	67.08%	66.98%	68.34%	68.12%	67.56%	66.17%	64.99%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $135,576K ÷ $197,516K
= 68.64%

Vericel Corp's gross profit margin has shown consistency and a positive trend over the past eight quarters. The company's gross profit margin has been consistently high, ranging from 66.00% to 68.64%. This indicates that Vericel Corp has been effectively managing its production costs and generating a significant profit on its sales.

The slight fluctuations in gross profit margin over the quarters are normal for a company operating in a competitive industry. However, the overall trend shows stability and strength in Vericel Corp's ability to maintain a healthy gross profit margin. This indicates that the company has been successful in controlling its cost of goods sold and maximizing the profitability of its products or services.

Overall, the consistently high gross profit margin of Vericel Corp reflects positively on its operational efficiency and competitive positioning in the market.