Avita Medical Ltd ( (RCEL) ) has released its Q4 earnings. Here is a breakdown of the information Avita Medical Ltd presented to its investors.
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AVITA Medical Ltd is a leading therapeutic acute wound care company specializing in innovative solutions for wound healing, particularly in the treatment of thermal burns and full-thickness skin defects, utilizing technologies like the RECELL System.
In its latest financial report, AVITA Medical reported significant growth in commercial revenue for the fourth quarter and full year 2024, with notable achievements including FDA clearances for new products and strategic amendments to its credit agreement. The company also outlined ambitious plans for product rollouts and commercialization efforts in 2025.
Key highlights from the report include a 30% increase in fourth-quarter commercial revenue, reaching $18.4 million, and a 29% rise in full-year revenue to $64 million. The company’s gross profit margin remained strong, and recent FDA approvals for Cohealyx and RECELL GO mini are expected to enhance its market position. However, AVITA reported a net loss of $11.6 million for the quarter, driven by increased operating expenses and interest costs.
Looking ahead, AVITA Medical anticipates strong revenue growth in 2025, projecting a 55% to 65% increase, with expectations of achieving free cash flow in the second half of the year and GAAP profitability by the end of 2025. The company continues to focus on operational efficiencies and strategic investments to support its growth trajectory.
