VERICEL CORPORATION
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2011 | 77.8% | -161,333.3% | -109,266.7% |
| FY2012 | 71.4% | -160,761.9% | -140,352.4% |
| FY2013 | 78.9% | -110,336.8% | -82,221.1% |
| FY2014 | 39.9% | -81.7% | -69.2% |
| FY2015 | 48.3% | -32.6% | -31.9% |