Vericel Corp Ord (VCEL)

Net profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	10,362	3,548	789	451	-2,024	-9,095	-12,012	-15,836	-16,408	-17,796	-16,150	-11,092	-7,472	214	8,763	4,280	2,864	145	-3	-11,526
Revenue (ttm)	US$ in thousands	237,224	226,844	214,520	207,780	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
Net profit margin		4.37%	1.56%	0.37%	0.22%	-1.02%	-4.91%	-6.74%	-9.35%	-9.98%	-11.17%	-10.40%	-7.03%	-4.78%	0.14%	5.78%	3.24%	2.31%	0.12%	-0.00%	-9.39%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $10,362K ÷ $237,224K
= 4.37%

Vericel Corp Ord's net profit margin has experienced fluctuations over the analyzed period. It started at a negative trend in March 2020, indicating that the company's expenses were surpassing its revenues. However, this trend gradually improved, reaching a positive net profit margin by December 2020. The net profit margin continued to rise through March and June 2021, indicating better cost management and improved profitability.

Subsequently, in September and December 2021, there was a decline in the net profit margin, turning negative again by March 2022. This negative trend persisted until December 2023, indicating that the company's profits were eroded by high expenses during this period.

In the following periods from March 2024 to December 2024, the net profit margin improved significantly, indicating a better financial performance and cost control by the company. This positive trend suggests that Vericel Corp Ord was able to generate higher profits relative to its revenues during this period.