Vericel (VCEL) reported Q2 net income Thursday of $0.04 per diluted share, swinging from a net loss of $0.01 a year earlier.

Analysts polled by FactSet expected a loss of $0.03.

Total revenue for the quarter ended June 30 was $77.5 million, up from $63.2 million a year earlier.

Analysts expected revenue of $72.7 million.

The company raised its full-year 2026 revenue guidance to a range of $330 million to $340 million from previous guidance of $326 million to $336 million. Analysts expect revenue of $332.2 million.

Vericel's board also authorized a $200 million share repurchase program, the company said.

The company's shares were up 4% in premarket activity.