10:00 AM EDT, 07/31/2025 (MT Newswires) -- Vericel ( VCEL ) shares were down 11% in early Thursday trading after the company reported a Q2 net loss that narrowed from a year earlier on higher revenue.

The company reported Q2 net loss of $0.01 per diluted share, narrowing from a net loss of $0.10 a year earlier.

Analysts polled by FactSet expected a net loss of $0.03.

Revenue for the quarter ended June 30 was $63.2 million, up from $52.7 million a year earlier.

Analysts surveyed by FactSet expected $64.5 million.

The company said it continues to expect full-year revenue growth in the low 20% range for its Maci product.

As of June 30, the company said it had $164 million in cash and investments, with no debt.

Price: 36.03, Change: -4.64, Percent Change: -11.40