AVITA Medical: Unconvincing Growth Amid Fierce Competition In The Burn Care Sector [Seeking Alpha]
Avita Medical, Inc. (RCEL)
Company Research
Source: Seeking Alpha
Despite revenue growth, net losses widened, suggesting inefficiencies, notably in S&M expenses outpacing revenue gains on a percentage basis. Maintains "hold" recommendation, citing strong balance sheet but unresolved concerns over S&M spending efficiency and competitive advantage. Financial and Market Analysis of AVITA Medical's Yearly Performance AVITA Medical's NASDAQ: RCEL ) stock has been essentially flat since my initial "hold" recommendation last summer. Despite a nearly 50% haircut between that recommendation in July and October, I maintained a "hold" recommendation , citing "positive revenue trajectory" and strong gross margins. However, I expressed concerns regarding the firm's "escalating SG&A costs, which have overshadowed the revenue uptick on a percentage basis YoY." The company has since reported Q4 earnings , so it's time to take another look. For Q4, commercial revenue increased nearly 50% to $14.1 million. The company maintained a strong gross margin of 87
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RCEL
News
- AVITA Medical to Announce First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- AVITA Medical to Announce First Quarter 2024 Financial ResultsGlobeNewswire
- AVITA Medical, Inc. (NASDAQ: RCEL) was downgraded by analysts at BTIG Research from a "buy" rating to a "neutral" rating.MarketBeat
- AVITA Medical Updates Expected First Quarter 2024 Revenue [Yahoo! Finance]Yahoo! Finance
- AVITA Medical Updates Expected First Quarter 2024 RevenueGlobeNewswire
RCEL
Earnings
- 2/22/24 - Beat
RCEL
Sec Filings
- 4/23/24 - Form DEF
- 4/23/24 - Form ARS
- 4/11/24 - Form 8-K
- RCEL's page on the SEC website