Vericel Corp Ord (VCEL)

Net 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
Net income (ttm)	US$ in thousands	-3,182	-10,244	-13,161	-17,104	-16,700	-18,096	-16,450	-11,273	-7,471	214	8,763	4,280	2,864	145	-3	-11,526	-9,665	-13,924	-18,463	-3,322
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
Net profit margin		-1.61%	-5.53%	-7.39%	-10.10%	-10.16%	-11.36%	-10.60%	-7.15%	-4.78%	0.14%	5.78%	3.24%	2.31%	0.12%	-0.00%	-9.39%	-8.20%	-12.68%	-18.14%	-3.51%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-3,182K ÷ $197,516K
= -1.61%

Vericel Corp's net profit margin has shown some fluctuations over the past eight quarters. The company experienced negative net profit margins ranging from -1.61% to -10.11% during the period. The trend indicates that the company has struggled to generate profits relative to its revenue, with margins consistently in the negative territory. The most recent quarter, Q4 2023, saw an improvement in the net profit margin compared to the previous quarter, but it still remained negative at -1.61%. This suggests that Vericel Corp is facing challenges in controlling its costs and expenses relative to its sales revenue, which is impacting its bottom line performance. Further analysis of the company's cost structure and revenue streams may be necessary to understand the factors contributing to these negative profit margins.