AVITA Medical Updates Expected First Quarter 2024 Revenue
Avita Medical, Inc. (RCEL)
Company Research
Source: GlobeNewswire
VALENCIA, Calif., April 10, 2024 (GLOBE NEWSWIRE) -- AVITA Medical, Inc. (NASDAQ: RCEL, ASX: AVH), a commercial-stage regenerative medicine company focused on first-in-class devices for wound care management and skin restoration, today announced an update to its expected commercial revenue for the first quarter of 2024 and reaffirmed expectations for full-year 2024 revenue at the lower end of the previously provided guidance of US$78.5 million to US$84.5 million. For the quarter ended March 31, 2024, AVITA Medical now expects commercial revenue to be in the range of US$11.0 million to US$11.3 million. This range is below the previously provided revenue guidance of US$14.8 million to US$15.6 million. The revision in guidance is attributable to a slower-than-expected conversion rate of new accounts for our expanded label of full-thickness skin defects. Since the launch of the full-thickness skin defects expanded label in June 2023 through the quarter ended March 31, 2024, AVITA Medi
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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 (NASDAQ:RCEL) investors are sitting on a loss of 42% if they invested five years ago [Yahoo! Finance]Yahoo! Finance
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