Vericel Corp Ord (VCEL)

Operating 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
Operating income (ttm)	US$ in thousands	-6,464	-13,110	-14,841	-17,962	-17,058	-19,002	-17,175	-11,822	-7,854	294	8,772	4,143	2,372	-707	-1,127	-12,969	-11,251	-14,466	-18,899	-2,945
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
Operating profit margin		-3.27%	-7.08%	-8.33%	-10.61%	-10.38%	-11.93%	-11.07%	-7.50%	-5.03%	0.19%	5.79%	3.14%	1.91%	-0.60%	-0.97%	-10.57%	-9.55%	-13.18%	-18.57%	-3.11%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-6,464K ÷ $197,516K
= -3.27%

Vericel Corp's operating profit margin has shown a varying trend over the past eight quarters. The company's operating profit margin deteriorated from -7.50% in Q1 2022 to -10.61% in Q1 2023, indicating a decline in profitability. However, there was a slight improvement in Q2 2023 with a margin of -8.33%, followed by a further decrease in Q3 2023 to -7.08%. The most recent quarter, Q4 2023, saw a slight decrease to -3.27%, which may suggest some signs of recovery or efficiency improvements. Overall, the company has been facing challenges in maintaining a positive operating profit margin, with fluctuations observed in recent quarters. Analysis of the underlying factors contributing to these fluctuations will be essential in assessing the company's financial health and future prospects.