10:39 AM EDT, 08/01/2024 (MT Newswires) -- Vericel ( VCEL ) shares were down nearly 10% in recent trading Thursday after the company reported a Q2 net loss of $0.10 per diluted share, compared with $0.11 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.09.

Revenue for the quarter ended June 30 was $52.7 million, compared with $45.9 million a year earlier.

Analysts polled by Capital IQ expected $52.6 million.

The company reiterated its full-year revenue guidance of $238 million to $242 million. Analysts polled by Capital IQ expect $240.3 million.

Price: 45.51, Change: -5.01, Percent Change: -9.92