earnings
confidence high
sentiment negative
materiality 0.85
AVITA Medical slashes Q4 2024 revenue outlook to ~$18.4M; profitability pushed to Q4 2025
AVITA Medical, Inc.
2024-FY EPS reported
-$2.39
revenue$64,251,000
- Q4 2024 commercial revenue expected ~$18.4M (30% YoY growth) vs prior guidance of $22.3-24.3M.
- Full-year 2024 revenue now ~$64.3M (29% YoY growth) vs prior $68-70M.
- FY 2025 revenue guidance $100-106M (55-65% growth).
- Cashflow breakeven and GAAP profitability now expected in Q4 2025, delayed from Q3 2025.
- Miss attributed to slower hospital year-end purchasing; new products RECELL GO and Cohealyx remain growth drivers.