AVITA Medical: New Products, Same Old Cash Burn (Rating Downgrade) [Seeking Alpha]
Avita Medical, Inc. (RCEL)
Company Research
Source: Seeking Alpha
RECELL GO's launch increased SG&A expenses, contributing to AVITA Medical, Inc.'s higher net losses in Q2 2024. Despite lowering its 2024 revenue guidance, AVITA Medical still anticipates significant year-over-year growth of 37-41%. AVITA Medical's cash runway is approximately nine months, with $54.1 million in cash and securities available as of June 30, 2024. Adoption barriers for RECELL technology persist, although RECELL GO aims to reduce training and procedural complexities. I recommend selling AVITA Medical stock due to persistent financial pressures and challenges in achieving significant market adoption. D-Keine Introduction AVITA Medical, Inc. NASDAQ: RCEL ) stock is down 47% since my last look in March. The title said it all: “Unconvincing Growth Amid Fierce Competition In The Burn Care Sector.” My recommendation was hold, citing “unresolved concerns over S&M spending efficiency and competitive advantage.” The company subsequently has released two earnings rep
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RCEL
News
- AVITA Medical to Host Investor Webinar Briefing [Yahoo! Finance]Yahoo! Finance
- AVITA Medical to Host Investor Webinar BriefingGlobeNewswire
- AVITA Medical, Inc. (NASDAQ: RCEL) had its "buy" rating re-affirmed by analysts at D. Boral Capital. They now have a $25.00 price target on the stock.MarketBeat
- High Growth Tech Stocks To Watch This February 2025 [Yahoo! Finance]Yahoo! Finance
- AVITA Medical Reports Fourth Quarter and Full Year 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
RCEL
Earnings
- 2/13/25 - Miss
RCEL
Sec Filings
- 2/14/25 - Form 424B5
- 2/13/25 - Form 10-K
- 2/13/25 - Form 8-K
- RCEL's page on the SEC website