Vericel Corporation (NASDAQ:VCEL) Q3 2022 Earnings Conference Call November 9, 2022 8:30 AM ET
Company Participants
Eric Burns - Head of Financial Planning and Analysis & Investor Relations
Nick Colangelo - President & Chief Executive Officer
Joe Mara - Chief Financial Officer
Conference Call Participants
Ryan Zimmerman - BTIG
Sam Brodovsky - Truist Securities
Jeffrey Cohen - Ladenburg Thalmann
George Sellers - Stephens
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the Vericel's Third Quarter 2022 Conference Call. At this time, all participants are in listen-only mode. I would also like to remind you that this call is being recorded for replay.
I will now turn the conference call over to Eric Burns, Vericel's Head of Financial Planning and Analysis and Investor Relations.
Eric Burns
Thank you, operator, and good morning, everyone. Welcome to Vericel's third quarter 2022 conference call to discuss our financial results and business highlights.
Before we begin, let me remind you on today's call, we will be making forward-looking statements covered under the Private Securities Litigation Reform Act of 1995. These statements may involve risks and uncertainties that could cause actual results to differ materially from expectations and are described more fully in our filings with the SEC. In addition, all forward-looking statements represent our views only as of today and should not be relied upon as representing our views as of any subsequent date. Please note that a copy of our financial results press release and a short presentation with highlights on today's call are available on the Investor Relations section of our website.
I am joined on this call by Vericel's President and Chief Executive Officer, Nick Colangelo, and our Chief Financial Officer, Joe Mara.
I'll now turn the call over to Nick.
Nick Colangelo
Thank you, Eric, and good morning, everyone. I'll begin today's call with a discussion of our third quarter financial and business highlight and our expectations for the remainder of the year. I'll then turn the call over to Joe for more detailed review of our financial performance and fourth quarter financial guidance before opening the call to Q&A.
The company delivered another solid quarter from a financial and operational perspective as we generated strong Macy revenue growth, record third quarter total revenue, continued profitability and operating cash flow, and made meaningful regulatory progress with respect to NexoBrid and our MACI lifecycle initiatives, which we believe will position the company for further growth in the years ahead.