Vericel Corporation (VCEL) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Please stand by. Good day and welcome to the Veracell Corporation first quarter 2026 earnings call. If you would like to ask a question, please press star one. Today's conference is being recorded. At this time, I would like to turn the conference over to Eric Burns, investor relations. Please go ahead. Thank you, operator. And good morning, everyone. Joining me on today's call are Verasol's President and Chief Executive Officer, Nick Colangelo, and our Chief Financial Officer, Joe Marra. Before we begin, I would like to remind you that the discussions during this conference call will include forward-looking statements. Factors that could cause actual results to defer materially from expectations are discussed more fully in the company's most recent filings with the SEC. The discussions today will include certain non-GAAP financial measures. Reconciliations to the most directly comparable GAAP financial measures can be found in today's press release that is an exhibit to Verasol's current report on Form 8-K filed today with the SEC. A short presentation with highlights from today's call is also available in the investor relations section of our website. I will now turn the call over to Nick. Thank you, Eric, and good morning, everyone. The company had a great first quarter as we delivered outstanding financial and commercial results across the business and achieved a number of key business objectives that positioned the company to continue to generate strong revenue, profit, and cash flow growth in 2026. The company generated record first quarter total revenue of more than $68 million and which increased 30% over last year and significantly exceeded our guidance for the quarter, driven by substantial growth for both Macy and the Burn Care business. This strong revenu...