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AVITA Medical Inc
NASDAQ:RCEL

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AVITA Medical Inc
NASDAQ:RCEL
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Price: 4.34 USD -3.34% Market Closed
Market Cap: $133.6m

AVITA Medical Inc
Investor Relations

AVITA Medical makes regenerative skin repair products used by doctors to treat severe wounds, burns, and other skin injuries. Its main product is a medical device system that prepares a patient’s own skin cells and spray them onto damaged tissue, helping the body close and heal the area without relying on a traditional skin graft. The company sells to hospitals, burn centers, and specialty clinics that treat complex wounds. The company earns money by selling its treatment systems, disposable cartridges, and related consumables used each time a procedure is performed. It also supports customers with training and clinical education so medical teams can use the procedure properly. Because the products are tied to repeat procedures, part of the business comes from ongoing use rather than a one-time device sale. AVITA’s role in healthcare is different from a standard wound-care supplier because it offers a cell-based treatment that uses the patient’s own skin as the raw material. That puts it between traditional surgery, biologic healing products, and advanced wound care. Its business depends on adoption by hospitals and specialists that handle difficult wounds where faster skin repair can improve care outcomes.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 14, 2026
AI Summary
Q1 2026

Revenue: AVITA reported first-quarter revenue of approximately $19.3 million, up 4% year over year and about 10% sequentially, which management said was the company’s highest quarterly revenue in the past year.

Demand: Management said the business is shifting toward more frequent, smaller orders and more predictable procedure-driven demand, helped by improving RECELL utilization and early Cohealyx adoption.

Guidance: The company reaffirmed full-year 2026 net revenue guidance of $80 million to $85 million and full-year operating expense guidance of $80 million to $85 million.

RECELL: All 7 Medicare Administrative Contractors have now published payment rates for clinician use, and management said reimbursement uncertainty is easing as utilization patterns normalize.

Cash: Cash used in the quarter was approximately $9.9 million, and management expects a significant decline in cash use in Q2 as timing effects reverse and collections improve.

Cohealyx: Early adoption is building, supported by interim clinical data showing about 20 days to graft readiness versus benchmark and a median time to grafting of about 11 days.

BARDA: AVITA said the BARDA agreement includes about $3.9 million of guaranteed revenue over 10 years, or roughly $100,000 per quarter, with additional upside only in a mass-casualty event.

Key Financials
Revenue
$19.3 million
Operating expenses
$24.5 million
Gross margin
81.7%
RECELL gross margin
about 85%
Net loss
$10.6 million
Loss per share
$0.35
Net cash used
$9.9 million
Cash and marketable securities
$14.3 million
BARDA guaranteed revenue
$3.9 million over 10 years
Q2 revenue covenant
$69 million trailing 12-month revenue covenant
Cohealyx time to graft readiness
approximately 20 days versus benchmark
Cohealyx median time to grafting
approximately 11 days
Centers using all 3 products
in the 20s
Cohealyx VAC exits expected per quarter
12 to 15
Remaining Cohealyx VACs
55 to 60
Earnings Call Recording
Other Earnings Calls

Management

Mr. James M. Corbett
CEO, President & Executive Director
No Bio Available
Mr. David O'Toole
Chief Financial Officer
No Bio Available
Mr. David Fencil
Senior Vice President of Global Operations
No Bio Available
Dr. Katie Bush Ph.D.
Senior Vice President of Scientific & Medical Affairs
No Bio Available
Ms. Jessica Ekeberg
Investor Relations Executive
No Bio Available
Ms. Nicole Linda Kelsey
Chief Legal & Compliance Officer and Corporate Secretary
No Bio Available
Ms. Debbie Garner
Senior Vice President of Global Marketing & Strategy
No Bio Available
Mr. Rob Hall
Senior Vice President of Human Resources
No Bio Available
Dr. Niraj Doshi J.D., P.M.P., Ph.D.
Senior Vice President of Product Development & Program Management
No Bio Available
Mr. Ron Lagerquist
Senior Vice President of Quality Assurance & Regulatory Affairs
No Bio Available

Contacts

Address
CALIFORNIA
Valencia California
28159 Avenue Stanford, Suite 220
Contacts
+16613679170.0
www.avitamedical.com
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