2018 Q4 Form 10-K Financial Statement

#000162828020002229 Filed on February 25, 2020

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q2
Revenue $31.34M $22.48M $19.01M
YoY Change 34.2% 57.67% 12.14%
Cost Of Revenue $8.630M $8.140M $7.730M
YoY Change 2.86% 13.28% 0.78%
Gross Profit $22.71M $14.35M $11.28M
YoY Change 51.77% 102.8% 21.56%
Gross Profit Margin 72.46% 63.81% 59.36%
Selling, General & Admin $13.69M $12.57M $11.79M
YoY Change 34.48% 53.54% 33.49%
% of Gross Profit 60.29% 87.61% 104.49%
Research & Development $3.020M $3.113M $3.739M
YoY Change -15.88% 6.65% 25.85%
% of Gross Profit 13.3% 21.7% 33.14%
Depreciation & Amortization $300.0K $320.0K $380.0K
YoY Change -28.57% -21.95% 2.7%
% of Gross Profit 1.32% 2.23% 3.37%
Operating Expenses $16.71M $15.68M $15.53M
YoY Change 21.35% 41.22% 31.57%
Operating Profit $5.995M -$1.336M -$4.246M
YoY Change 403.36% -66.86% 68.43%
Interest Expense $160.0K $460.0K $448.0K
YoY Change 220.0% 45.11% 49.83%
% of Operating Profit 2.67%
Other Income/Expense, Net -$80.00K $267.0K -$405.0K
YoY Change -20.0% -119.4% -404.51%
Pretax Income $5.240M -$1.070M -$4.650M
YoY Change 1706.9% -80.22% 94.56%
Income Tax
% Of Pretax Income
Net Earnings $5.242M -$1.069M -$4.651M
YoY Change 1726.48% -80.23% 94.77%
Net Earnings / Revenue 16.73% -4.75% -24.46%
Basic Earnings Per Share $0.12 -$0.02 -$0.12
Diluted Earnings Per Share $0.11 -$0.02 -$0.12
COMMON SHARES
Basic Shares Outstanding 43.35M shares 42.93M shares 36.68M shares
Diluted Shares Outstanding 42.93M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $82.90M $97.80M $95.00M
YoY Change 208.18% 530.97% 578.57%
Cash & Equivalents $18.29M $53.29M $94.97M
Short-Term Investments $64.60M $44.50M
Other Short-Term Assets $2.847M $2.339M $1.327M
YoY Change 80.08% 71.23% 18.91%
Inventory $3.558M $3.638M $3.725M
Prepaid Expenses
Receivables $23.45M $15.53M $17.50M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $112.8M $119.3M $117.5M
YoY Change 123.31% 228.43% 255.68%
LONG-TERM ASSETS
Property, Plant & Equipment $5.906M $5.207M $4.673M
YoY Change 45.07% 31.26% 33.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $5.906M $5.207M $4.673M
YoY Change 45.07% 31.26% 33.78%
TOTAL ASSETS
Total Short-Term Assets $112.8M $119.3M $117.5M
Total Long-Term Assets $5.906M $5.207M $4.673M
Total Assets $118.7M $124.5M $122.2M
YoY Change 117.47% 209.01% 234.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.108M $4.580M $5.011M
YoY Change 28.03% -23.31% -20.11%
Accrued Expenses $6.930M $5.600M $5.100M
YoY Change 24.35% 1377.57% 765.87%
Deferred Revenue $534.0K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $4.100M $2.800M
YoY Change -100.0% 57.69% 33.33%
Total Short-Term Liabilities $14.79M $14.99M $15.22M
YoY Change 13.0% 3.19% 17.59%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $13.18M $14.42M
YoY Change -100.0% 78.15% 79.3%
Other Long-Term Liabilities $1.666M $1.800M $2.000M
YoY Change -20.67% 18081.82%
Total Long-Term Liabilities $1.666M $13.18M $14.42M
YoY Change -19.09% 78.15% 79.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.79M $14.99M $15.22M
Total Long-Term Liabilities $1.666M $13.18M $14.42M
Total Liabilities $16.46M $29.99M $31.60M
YoY Change -48.63% 27.39% 40.04%
SHAREHOLDERS EQUITY
Retained Earnings -$369.0M -$374.3M -$373.2M
YoY Change 2.25% 3.62% 4.9%
Common Stock $471.2M $468.4M $463.5M
YoY Change 23.02% 24.02% 25.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $102.2M $94.48M $90.60M
YoY Change
Total Liabilities & Shareholders Equity $118.7M $124.5M $122.2M
YoY Change 117.47% 209.01% 234.46%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $5.242M -$1.069M -$4.651M
YoY Change 1726.48% -80.23% 94.77%
Depreciation, Depletion And Amortization $300.0K $320.0K $380.0K
YoY Change -28.57% -21.95% 2.7%
Cash From Operating Activities $2.610M $2.020M -$5.450M
YoY Change 210.71% -138.55% -3.71%
INVESTING ACTIVITIES
Capital Expenditures -$580.0K -$1.120M -$800.0K
YoY Change -19.44% 115.38% 300.0%
Acquisitions
YoY Change
Other Investing Activities -$19.87M -$44.48M
YoY Change
Cash From Investing Activities -$20.45M -$45.60M -$800.0K
YoY Change 2740.28% 8669.23% 300.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -17.17M 1.910M 71.43M
YoY Change -252.22% -73.44% 142760.0%
NET CHANGE
Cash From Operating Activities 2.610M 2.020M -5.450M
Cash From Investing Activities -20.45M -45.60M -800.0K
Cash From Financing Activities -17.17M 1.910M 71.43M
Net Change In Cash -35.01M -41.67M 65.18M
YoY Change -407.11% -3013.99% -1221.86%
FREE CASH FLOW
Cash From Operating Activities $2.610M $2.020M -$5.450M
Capital Expenditures -$580.0K -$1.120M -$800.0K
Free Cash Flow $3.190M $3.140M -$4.650M
YoY Change 104.49% -166.53% -14.84%

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CY2017 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-37000 USD
CY2019 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
CY2018 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-22000 USD
CY2017 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
115000 USD
CY2019 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
610000 USD
CY2018 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
327000 USD
CY2017 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
0 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2787000 USD
CY2018 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0 USD
CY2017 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0 USD
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3258000 USD
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-235000 USD
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
305000 USD
CY2019 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
8714000 USD
CY2018 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
5184000 USD
CY2017 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
1177000 USD
CY2019 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
106000 USD
CY2018 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1267000 USD
CY2017 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
261000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1024000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
899000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1361000 USD
CY2019 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1018000 USD
CY2018 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1493000 USD
CY2017 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1050000 USD
CY2019 vcel Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
-2512000 USD
CY2019 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-64000 USD
CY2018 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-208000 USD
CY2017 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
826000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7183000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-412000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13183000 USD
CY2019 us-gaap Payments To Acquire Short Term Investments
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63092000 USD
CY2018 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
66549000 USD
CY2017 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0 USD
CY2019 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
85577000 USD
CY2018 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
2200000 USD
CY2017 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
0 USD
CY2019 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
9254000 USD
CY2018 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
0 USD
CY2017 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
0 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2616000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2678000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1510000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
10615000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-67027000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1510000 USD
CY2019 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
CY2018 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
70028000 USD
CY2017 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5286000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4361000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8220000 USD
CY2019 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2018 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2017 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
30000 USD
CY2019 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 USD
CY2018 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
2716000 USD
CY2017 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
4010000 USD
CY2019 us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
0 USD
CY2018 us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
0 USD
CY2017 us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
14793000 USD
CY2019 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0 USD
CY2018 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0 USD
CY2017 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
207000 USD
CY2019 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2018 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2017 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
889000 USD
CY2019 us-gaap Repayments Of Debt
RepaymentsOfDebt
0 USD
CY2018 us-gaap Repayments Of Debt
RepaymentsOfDebt
17532000 USD
CY2017 us-gaap Repayments Of Debt
RepaymentsOfDebt
7151000 USD
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2018 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
710000 USD
CY2017 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
583000 USD
CY2019 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-26000 USD
CY2018 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5260000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
58863000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
18577000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8692000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8576000 USD
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3884000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18286000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26862000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22978000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26978000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18286000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26862000 USD
CY2019 us-gaap Nature Of Operations
NatureOfOperations
<span style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization</span><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Vericel Corporation, a Michigan corporation (together with its consolidated subsidiaries referred to herein as the Company, Vericel, we, us or our), was incorporated in March 1989 and began employee-based operations in 1991. On May 30, 2014, Vericel completed the acquisition of certain assets and assumed certain liabilities of Sanofi, a French </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">société anonyme</span><span style="font-family:inherit;font-size:10pt;"> (Sanofi), including all of the outstanding equity interests of Genzyme Biosurgery ApS (Genzyme Denmark or the Danish subsidiary) (now known as Vericel Denmark ApS), a wholly-owned subsidiary of Sanofi, and a portfolio of patents and patent applications of Sanofi and certain of its subsidiaries for purposes of acquiring the portion of the cell therapy and regenerative medicine business (the CTRM Business), related to the MACI</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></span><span style="font-family:inherit;font-size:10pt;">, Carticel</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></span><span style="font-family:inherit;font-size:10pt;"> and Epicel</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></span><span style="font-family:inherit;font-size:10pt;"> products. The Company is a fully integrated, commercial-stage biopharmaceutical company and currently markets MACI</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></span><span style="font-family:inherit;font-size:10pt;"> and Epicel</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></span><span style="font-family:inherit;font-size:10pt;"> in the U.S. and holds exclusive rights to commercialize NexoBrid</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></span><span style="font-family:inherit;font-size:10pt;"> in all countries of North America. The Company is a leader in advanced cell therapies for the sports medicine and severe burn care markets. </span></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">MACI</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></span><span style="font-family:inherit;font-size:10pt;"> (autologous cultured chondrocytes on porcine collagen membrane) is an autologous cellularized scaffold product indicated for the repair of symptomatic, single or multiple full-thickness cartilage defects of the knee with or without bone involvement in adults that was approved by the FDA on December 13, 2016. The first shipment and implantation of MACI occurred on January 31, 2017. At the end of the second quarter of 2017, the Company removed Carticel</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></span><span style="font-family:inherit;font-size:10pt;"> (autologous cultured chondrocytes), an earlier generation ACI product, from the market. The Company also markets Epicel</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></span><span style="font-family:inherit;font-size:10pt;"> (cultured epidermal autografts), a permanent skin replacement Humanitarian Use Device (HUD) for the treatment of adult and pediatric patients with deep-dermal or full-thickness burns comprising greater than or equal to 30 percent of total body surface area (TBSA). The Company operates its business primarily in the U.S. in </span><span style="font-family:inherit;font-size:10pt;"><span>one</span></span><span style="font-family:inherit;font-size:10pt;"> reportable segment — the research, product development, manufacture and distribution of cellular therapies for use in the treatment of specific diseases.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;color:#222222;">The accompanying consolidated financial statements have been prepared on a basis which assumes that the Company will continue as a going concern and contemplates the realization of assets and satisfaction of liabilities and commitments in the normal course of business.  As of </span><span style="font-family:inherit;font-size:10pt;color:#222222;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;color:#222222;">, the Company has an accumulated deficit of </span><span style="font-family:inherit;font-size:10pt;color:#222222;"><span>$378.7 million</span></span><span style="font-family:inherit;font-size:10pt;color:#222222;"> and had a net loss of </span><span style="font-family:Times_New_Roman;font-size:10pt;color:#222222;"><span>$9.7 million</span></span><span style="font-family:inherit;font-size:10pt;color:#222222;"> during 2019.  The Company had cash and cash equivalents of </span><span style="font-family:inherit;font-size:10pt;color:#222222;"><span>$26.9 million</span></span><span style="font-family:inherit;font-size:10pt;color:#222222;"> and investments of </span><span style="font-family:inherit;font-size:10pt;color:#222222;"><span>$52.1 million</span></span><span style="font-family:inherit;font-size:10pt;color:#222222;"> as of </span><span style="font-family:inherit;font-size:10pt;color:#222222;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;color:#222222;">. The Company expects that existing cash, cash equivalents and investments will be sufficient to support the </span><span style="font-family:inherit;font-size:10pt;">Company’s</span><span style="font-family:inherit;font-size:10pt;color:#222222;"> </span><span style="font-family:inherit;font-size:10pt;">current operations through at least 12 months from the issuance of these financial statements.</span><span style="font-family:inherit;font-size:10pt;color:#222222;"> If revenues decline for a sustained period, we may need to access additional capital; however, the Company may not be able to obtain financing on acceptable terms or at all. The terms of any financing may adversely affect the holdings or the rights of the </span><span style="font-family:inherit;font-size:10pt;">Company’s</span><span style="font-family:inherit;font-size:10pt;color:#222222;"> shareholders.</span></div>
CY2019 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-378700000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-9700000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26900000 USD
CY2019Q4 us-gaap Investments
Investments
52100000 USD
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reported period. Actual results could differ from those estimates.</span></div>
CY2019 vcel Warrants Exercised For Common Stock
WarrantsExercisedForCommonStock
104000 USD
CY2018 vcel Warrants Exercised For Common Stock
WarrantsExercisedForCommonStock
3538000 USD
CY2017 vcel Warrants Exercised For Common Stock
WarrantsExercisedForCommonStock
0 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
2599000 USD
CY2018 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2017 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
217000 USD
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
606000 USD
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
341000 USD
CY2019 us-gaap Stock Issued1
StockIssued1
0 USD
CY2018 us-gaap Stock Issued1
StockIssued1
0 USD
CY2017 us-gaap Stock Issued1
StockIssued1
38389000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
0 USD
CY2018 us-gaap Interest Paid Net
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2230000 USD
CY2017 us-gaap Interest Paid Net
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931000 USD
CY2019 us-gaap Income Taxes Paid
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0 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
100000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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27000000.0 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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26900000 USD
CY2019Q4 us-gaap Restricted Cash Noncurrent
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100000 USD
CY2019Q1 vcel Right Of Use Asset
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25600000 USD
CY2019Q1 vcel Lease Liability
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27800000 USD
CY2019Q4 us-gaap Allowance For Doubtful Other Receivables Current
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3900000 USD
CY2018Q4 us-gaap Allowance For Doubtful Other Receivables Current
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2000000.0 USD
CY2019 vcel Revenue Revenue Recognized Changein Uncollectible Analysis Percentage
RevenueRevenueRecognizedChangeinUncollectibleAnalysisPercentage
0.005
CY2019 vcel Revenue Revenue Recognized Effect Of0.5 Change In The Estimated Uncollectible Percentage Amount
RevenueRevenueRecognizedEffectOf0.5ChangeInTheEstimatedUncollectiblePercentageAmount
500000 USD
CY2019 us-gaap Revenues
Revenues
117850000 USD
CY2018 us-gaap Revenues
Revenues
90857000 USD
CY2017 us-gaap Revenues
Revenues
63924000 USD
CY2019Q4 us-gaap Inventory Raw Materials
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6085000 USD
CY2018Q4 us-gaap Inventory Raw Materials
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2872000 USD
CY2019Q4 us-gaap Inventory Work In Process
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541000 USD
CY2018Q4 us-gaap Inventory Work In Process
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638000 USD
CY2019Q4 us-gaap Inventory Finished Goods
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190000 USD
CY2018Q4 us-gaap Inventory Finished Goods
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48000 USD
CY2019Q4 us-gaap Inventory Net
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6816000 USD
CY2018Q4 us-gaap Inventory Net
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3558000 USD
CY2019Q4 vcel Finance Lease Rightof Use Assetbefore Accumulated Amortization
FinanceLeaseRightofUseAssetbeforeAccumulatedAmortization
148000 USD
CY2019Q4 vcel Property Plantand Equipmentand Finance Lease Rightof Use Assetbefore Accumulated Depreciationand Amortization
PropertyPlantandEquipmentandFinanceLeaseRightofUseAssetbeforeAccumulatedDepreciationandAmortization
16364000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
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13411000 USD
CY2019Q4 vcel Property Plantand Equipmentand Finance Lease Rightof Use Asset Accumulated Depreciationand Amortization
PropertyPlantandEquipmentandFinanceLeaseRightofUseAssetAccumulatedDepreciationandAmortization
9220000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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7505000 USD
CY2019Q4 vcel Property Plantand Equipmentand Finance Lease Rightof Use Assetafter Accumulated Depreciationand Amortization
PropertyPlantandEquipmentandFinanceLeaseRightofUseAssetafterAccumulatedDepreciationandAmortization
7144000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
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5906000 USD
CY2019 us-gaap Depreciation
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1700000 USD
CY2018 us-gaap Depreciation
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1400000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Two
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41000 USD
CY2019Q4 vcel Lease Liability Payments Due Year Two
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5399000 USD
CY2017 us-gaap Depreciation
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1600000 USD
CY2019Q4 us-gaap Accrued Bonuses Current
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5116000 USD
CY2018Q4 us-gaap Accrued Bonuses Current
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5161000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1785000 USD
CY2018Q4 us-gaap Employee Related Liabilities Current
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1559000 USD
CY2019Q4 vcel Accrued Expenses Other Current
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1047000 USD
CY2018Q4 vcel Accrued Expenses Other Current
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210000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
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7948000 USD
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6930000 USD
CY2019 us-gaap Short Term Lease Cost
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100000 USD
CY2019Q1 vcel Right Of Use Asset
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25600000 USD
CY2019Q1 vcel Lease Liability
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27800000 USD
CY2019 us-gaap Operating Lease Expense
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5400000 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
100000 USD
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5200000 USD
CY2018 us-gaap Capital Leases Income Statement Interest Expense
CapitalLeasesIncomeStatementInterestExpense
100000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
25103000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
148000 USD
CY2019Q4 vcel Right Of Use Asset
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25251000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
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5461000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
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41000 USD
CY2019Q4 vcel Lease Liability Current
LeaseLiabilityCurrent
5502000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
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22242000 USD
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
110000 USD
CY2019Q4 vcel Lease Liability Noncurrent
LeaseLiabilityNoncurrent
22352000 USD
CY2019 vcel Measurement Of Lease Liability
MeasurementOfLeaseLiability
5000000.0 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
5461000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
41000 USD
CY2019Q4 vcel Lease Liability Payments Due Next Twelve Months
LeaseLiabilityPaymentsDueNextTwelveMonths
5502000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5358000 USD
CY2019Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
205000 USD
CY2019Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
41000 USD
CY2019Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
41000 USD
CY2019Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
41000 USD
CY2019Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
41000 USD
CY2019Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
41000 USD
CY2019Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
0 USD
CY2019Q4 vcel Operatingand Capital Leases Future Minimum Payments Due
OperatingandCapitalLeasesFutureMinimumPaymentsDue
15591000 USD
CY2019Q4 vcel Operatingand Capital Leases Future Minimum Payments Due Current
OperatingandCapitalLeasesFutureMinimumPaymentsDueCurrent
4920000 USD
CY2019Q4 vcel Operatingand Capital Leases Future Minimum Payments Due In Two Years
OperatingandCapitalLeasesFutureMinimumPaymentsDueInTwoYears
4760000 USD
CY2019Q4 vcel Operatingand Capital Leases Future Minimum Payments Due In Three Years
OperatingandCapitalLeasesFutureMinimumPaymentsDueInThreeYears
4795000 USD
CY2019Q4 vcel Operatingand Capital Leases Future Minimum Payments Due In Four Years
OperatingandCapitalLeasesFutureMinimumPaymentsDueInFourYears
1007000 USD
CY2019Q4 vcel Operatingand Capital Leases Future Minimum Payments Duein Five Years
OperatingandCapitalLeasesFutureMinimumPaymentsDueinFiveYears
109000 USD
CY2019Q4 vcel Operatingand Capital Leases Future Minimum Payments Due Thereafter
OperatingandCapitalLeasesFutureMinimumPaymentsDueThereafter
0 USD
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5500000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5600000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
57436000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
21000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
57457000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
57457000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
75515000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
39000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
75476000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
75476000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
116000 USD
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
4056000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1688000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-5445000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4790683 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.85
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y8M12D
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
11407000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2033760 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
17.51
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
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1197016 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.64
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
36561 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
26.16
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
537916 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
11.26
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5052950 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.35
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y8M12D
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
37974000 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2385824 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
7.49
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y6M
CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
25113000 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
4700318 shares
CY2019Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
16600000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
12400000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
10300000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
700000 USD
CY2019Q4 vcel Deferred Tax Assets Research And Development Costs
DeferredTaxAssetsResearchAndDevelopmentCosts
7851000 USD
CY2018Q4 vcel Deferred Tax Assets Research And Development Costs
DeferredTaxAssetsResearchAndDevelopmentCosts
9067000 USD
CY2019Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
0 USD
CY2018Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
418000 USD
CY2019Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
4350000 USD
CY2018Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
0 USD
CY2019Q4 vcel Deferred Tax Asset Operating Lease Liability
DeferredTaxAssetOperatingLeaseLiability
102000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-9665000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-8137000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
-17286000 USD
CY2019 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
44180000 shares
CY2018 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
40242000 shares
CY2017 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
33355000 shares
CY2019 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.22
CY2018 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.20
CY2017 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.52
CY2018Q4 vcel Deferred Tax Asset Operating Lease Liability
DeferredTaxAssetOperatingLeaseLiability
0 USD
CY2019Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
3303000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-9665000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-8137000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-17286000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-9665000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-8137000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-17286000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2030000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1709000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-5877000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-484000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-385000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1106000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-1329000 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-605000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
563000 USD
CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-164000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
839000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
11749000 USD
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-49000 USD
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
172000 USD
CY2018Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
2339000 USD
CY2019Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
119000 USD
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
10542000 USD
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
10969000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
4329000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
2798000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5316000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
41000 USD
CY2019Q4 vcel Lease Liability Payments Due Year Three
LeaseLiabilityPaymentsDueYearThree
5357000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5294000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
41000 USD
CY2019Q4 vcel Lease Liability Payments Due Year Four
LeaseLiabilityPaymentsDueYearFour
5335000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5302000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 USD
CY2019Q4 vcel Lease Liability Payments Due Year Five
LeaseLiabilityPaymentsDueYearFive
5302000 USD
CY2019Q4 vcel Lessee Operating Lease Liability Payments Dueafter Year Six
LesseeOperatingLeaseLiabilityPaymentsDueafterYearSix
11270000 USD
CY2019Q4 vcel Finance Lease Liability Payments Dueafter Year Six
FinanceLeaseLiabilityPaymentsDueafterYearSix
0 USD
CY2019Q4 vcel Lease Liability Payments Due After Year Six
LeaseLiabilityPaymentsDueAfterYearSix
11270000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
38001000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
164000 USD
CY2019Q4 vcel Lease Liability Payments Due
LeaseLiabilityPaymentsDue
38165000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
10298000 USD
CY2019Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
13000 USD
CY2019Q4 vcel Lease Liability Undiscounted Excess Amount
LeaseLiabilityUndiscountedExcessAmount
10311000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
27703000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
151000 USD
CY2019Q4 vcel Lease Liability
LeaseLiability
27854000 USD
CY2019Q4 vcel Lessee Lease Notyet Commenced Liability
LesseeLeaseNotyetCommencedLiability
2100000 USD
CY2019 vcel Lessee Lease Notyet Commenced Termof Contract
LesseeLeaseNotyetCommencedTermofContract
P4Y3M18D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y9M18D
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y6M
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0944
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0500
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
15386000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
4879000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
4719000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
4754000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
966000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
68000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
0 USD
CY2018Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
345000 USD
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
30596000 USD
CY2018Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
25936000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
29991000 USD
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
25936000 USD
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
605000 USD
CY2018Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
605000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
0 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
605000 USD
CY2018Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
0 USD
CY2019Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
0 USD
CY2018Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
0 USD
CY2014Q3 vcel Operating Loss Carryforwards Limitations On Use Projected Annual Limitation On Use Of Net Operating Losses
OperatingLossCarryforwardsLimitationsOnUseProjectedAnnualLimitationOnUseOfNetOperatingLosses
800000 USD
CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
4100000 USD
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1700000 USD
CY2017Q4 us-gaap Tax Cuts And Jobs Act Of2017 Incomplete Accounting Change In Tax Rate Deferred Tax Asset Provisional Income Tax Expense
TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateDeferredTaxAssetProvisionalIncomeTaxExpense
11700000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
700000 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
600000 USD
CY2017 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
600000 USD
CY2015Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
600000 USD
CY2015Q4 vcel Purchase Obligation Renewal Option Term
PurchaseObligationRenewalOptionTerm
P5Y
CY2015Q4 vcel Purchase Obligation Automatic Renewal Term
PurchaseObligationAutomaticRenewalTerm
P5Y
CY2019Q4 us-gaap Purchase Obligation
PurchaseObligation
1821000 USD
CY2019Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
607000 USD
CY2019Q4 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
607000 USD
CY2019Q4 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
607000 USD
CY2019Q4 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
0 USD
CY2019Q4 us-gaap Purchase Obligation Due In Fifth Year
PurchaseObligationDueInFifthYear
0 USD
CY2019Q4 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
0 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21810000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26151000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
30499000 USD
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
39390000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
117850000 USD
CY2019Q1 us-gaap Gross Profit
GrossProfit
13170000 USD
CY2019Q2 us-gaap Gross Profit
GrossProfit
17129000 USD
CY2019Q3 us-gaap Gross Profit
GrossProfit
21175000 USD
CY2019Q4 us-gaap Gross Profit
GrossProfit
28805000 USD
CY2019 us-gaap Gross Profit
GrossProfit
80279000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-3358000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-20200000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
3097000 USD
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
9210000 USD
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
-11251000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-2844000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-19792000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
3470000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
9501000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-9665000 USD
CY2019Q1 us-gaap Earnings Per Share Basic
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-0.07
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.45
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.45
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18027000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19011000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
22484000 USD
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
31335000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
90857000 USD
CY2018Q1 us-gaap Gross Profit
GrossProfit
10361000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
11284000 USD
CY2018Q3 us-gaap Gross Profit
GrossProfit
14346000 USD
CY2018Q4 us-gaap Gross Profit
GrossProfit
22706000 USD
CY2018 us-gaap Gross Profit
GrossProfit
58697000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-4322000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-4246000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1336000 USD
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
5995000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
-3909000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-7659000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-4651000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-1069000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
5242000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-8137000 USD
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.12
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.21
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.20

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