AVITA Medical: Financial Challenges Ahead, Despite Innovative RECELL Device [Seeking Alpha]
Avita Medical, Inc. (RCEL)
Company Research
Source: Seeking Alpha
The RECELL device uses a patient's skin cells to create a spray-on suspension for healing and repigmentation. This procedure requires less donor skin and leads to faster wound recovery. RCEL's seemingly cheap P/S ratio is likely due to its operational inefficiency, which I don't think will improve in the near term. Despite its innovative technology, I deem RCEL a "hold" due to financial concerns. Management needs to focus on achieving profitability to avoid dilution. AVITA Medical, Inc. ( NASDAQ: RCEL ) specializes in regenerative medicine. It has an innovative device for skin restoration that treats full-thickness skin defects and vitiligo. RCEL's RECELL device uses a patient's skin cells to create a spray-on suspension to produce healing Recommended For You Recommended For You
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RCEL
News
- Translational Regenerative Medicine Market Set to Surpass $77 Billion in 2024 [Yahoo! Finance]Yahoo! Finance
- AVITA Medical Achieves Milestone with First Case Using RECELL GO [Yahoo! Finance]Yahoo! Finance
- AVITA Medical Achieves Milestone with First Case Using RECELL GOGlobeNewswire
- Avita obtains FDA approval for cell harvesting device Recell GO System [Yahoo! Finance]Yahoo! Finance
- AVITA Medical Announces FDA Approval of RECELL GO [Yahoo! Finance]Yahoo! Finance
RCEL
Earnings
- 5/13/24 - Miss
RCEL
Sec Filings
- 6/6/24 - Form 4
- 6/6/24 - Form 4
- 6/6/24 - Form 4
- RCEL's page on the SEC website