Revenue ConcernsShare pressure has been driven by concerns surrounding the revenue acceleration required to meet Street estimates.
Sales PerformanceVCEL reported 2Q25 sales of $63.2mn, which is 2% below consensus of $64.5mn.
Valuation ConcernsValuation now sits meaningfully below historical levels, with VCEL's current NTM EV/Sales multiple relative to the IHI of 1.1x near its 3Y trough of 0.9x, which is believed to reflect the variability in pro forma Burn Care numbers.