AVITA Medical Reports Third Quarter Financial Results [Yahoo! Finance]
Avita Medical, Inc. (RCEL)
Company Research
Source: Yahoo! Finance
focused on first-in-class devices for wound care management and skin restoration, today reported financial results for the third quarter ended September 30, 2024. Financial Results and Recent Business Updates Commercial revenue of $19.5 million, an increase of approximately 44% compared to the same period in 2023 Gross profit margin of 83.7% On July 31, 2024, entered into a multi-year development and distribution agreement with Regenity Biosciences that provides AVITA Medical with the exclusive rights to market, sell, and distribute Cohealyx ™ , an AVITA Medical branded collagen-based dermal matrix On November 7, 2024, amended the credit agreement with OrbiMed in a mutually beneficial arrangement, forgoing access to an additional $50 million in funding in exchange for removal of the 12-month trailing revenue covenant for the period ending December 31, 2024 “Third-quarter commercial revenue surpassed our second-quarter record by 29%, underscoring the strength of RECELL GO a
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News
- AVITA Medical Announces Exclusive Distribution Agreement to Expand to Australia and New Zealand [Yahoo! Finance]Yahoo! Finance
- AVITA Medical Announces Exclusive Distribution Agreement to Expand to Australia and New ZealandGlobeNewswire
- AVITA Medical, Inc. (NASDAQ:RCEL) Third-Quarter Results: Here's What Analysts Are Forecasting For Next Year [Yahoo! Finance]Yahoo! Finance
- AVITA Medical, Inc. (NASDAQ: RCEL) had its "neutral" rating re-affirmed by analysts at Piper Sandler. They now have a $12.00 price target on the stock, up previously from $9.00.MarketBeat
- AVITA Medical to Host Investor Webinar BriefingGlobeNewswire
RCEL
Earnings
- 11/7/24 - Miss
RCEL
Sec Filings
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- 8/20/24 - Form 4
- RCEL's page on the SEC website