AVITA Medical, Inc., together with its subsidiaries, operates as a therapeutic acute wound care company in the United States, Japan, the European Union, Australia, and the United Kingdom. The company's lead product is the RECELL System, a cell harvesting device used for the treatment of thermal burn wounds and full-thickness skin defects, as well as for repigmentation of stable depigmented vitiligo lesions. It also provides RECALL autologous cell harvesting device, which can treat areas of up to 1,920 cm2; RECELL autologous cell harvesting device with ease-of-use, an enhanced ease-of-use device that can treat areas of up to 1,920 cmΒ²; and RECELL GO mini autologous cell harvesting device, a line extension of the RECELL GO system to treat smaller wounds up to 480 cm2, as well as RECELL GO autologous cell harvesting device consisting of RECELL GO processing device, which controls and manages the pressure applied to disaggregate the donor skin cells and controls the incubation time of the RECELL Enzyme to optimize cell yield and promote cell viability; and RECELL GO preparation kit, which can treat areas up to 1,920 cm2. In addition, the company sells and distributes PermeaDerm, a biosynthetic wound matrix and Cohealyx, a collagen-based dermal matrix. It serves hospitals, treatment centers, and distributors. The company was formerly known as AVITA Therapeutics, Inc. and changed its name to AVITA Medical, Inc. in December 2020. AVITA Medical, Inc. is headquartered in Valencia, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $72M | $-41M | $-49M | $-33M | 291.8% | 11.5% | - |
| 2024 | $64M | $-55M | $-62M | $-58M | -1374.6% | 28.1% | - |
| 2023 | $50M | $-34M | $-35M | $-39M | -72.1% | 45.7% | - |
| 2022 | $34M | $-26M | $-27M | $-20M | -31.5% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 34.42 | 50.14 | 64.25 | 71.61 |
| Cost Of Revenue | 6.04 | 7.78 | 9.09 | 12.79 |
| Gross Profit | 28.38 | 42.36 | 55.16 | 58.82 |
| Operating Expense | 55.88 | 85.02 | 111.75 | 101.35 |
| Operating Income | -27.50 | -42.66 | -56.59 | -42.53 |
| EBITDA | -26.05 | -33.54 | -55.30 | -41.23 |
| EBIT | -26.61 | -34.17 | -56.43 | -43.57 |
| Pretax Income | -26.63 | -35.31 | -61.79 | -48.58 |
| Tax Provision | 0.04 | 0.07 | 0.05 | 0.01 |
| Net Income | -26.66 | -35.38 | -61.84 | -48.59 |
| Net Income Common Stockholders | -26.66 | -35.38 | -61.84 | -48.59 |
| Total Expenses | 61.93 | 92.80 | 120.84 | 114.14 |
| Interest Expense | 0.02 | 1.14 | 5.36 | 5 |
| Research And Development | 13.86 | 20.82 | 20.36 | 20.84 |
| Selling General And Administration | 45.24 | 65.62 | 91.39 | 80.51 |
| Normalized EBITDA | -26.05 | -33.54 | -55.30 | -41.23 |
| Normalized Income | -26.66 | -35.38 | -61.84 | -48.59 |
| Basic EPS | -1.07 | -1.40 | -2.39 | -1.74 |
| Diluted EPS | -1.07 | -1.40 | -2.39 | -1.74 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.21 | 0.21 |
| Net Income From Continuing Operation Net Minority Interest | -26.66 | -35.38 | -61.84 | -48.59 |
| Reconciled Depreciation | 0.57 | 0.63 | 1.13 | 2.35 |
| Reconciled Cost Of Revenue | 6.04 | 7.78 | 9.09 | 12.79 |
| Net Interest Income | -0.02 | -1.14 | -5.36 | -5 |
| Net Income From Continuing And Discontinued Operation | -26.66 | -35.38 | -61.84 | -48.59 |
| Total Operating Income As Reported | -27.50 | -42.66 | -56.59 | -42.53 |
| Diluted Average Shares | 25 | 25.33 | 25.88 | 27.86 |
| Basic Average Shares | 25 | 25.33 | 25.88 | 27.86 |
| Diluted NI Availto Com Stockholders | -26.66 | -35.38 | -61.84 | -48.59 |
| Net Income Including Noncontrolling Interests | -26.66 | -35.38 | -61.84 | -48.59 |
| Net Income Continuous Operations | -26.66 | -35.38 | -61.84 | -48.59 |
| Other Income Expense | 0.89 | 8.48 | 0.16 | -1.04 |
| Other Non Operating Income Expenses | 0.89 | 8.48 | 0.16 | -1.04 |
| Net Non Operating Interest Income Expense | -0.02 | -1.14 | -5.36 | -5 |
| Interest Expense Non Operating | 0.02 | 1.14 | 5.36 | 5 |
| Other Operating Expenses | -3.21 | -1.43 | 0 | 0 |
| Selling And Marketing Expense | 21.91 | 37.29 | 58.20 | 53.14 |
| General And Administrative Expense | 23.33 | 28.33 | 33.20 | 27.37 |
| Other Gand A | 23.33 | 28.33 | 33.20 | 27.37 |
| Operating Revenue | 34.42 | 50.14 | 64.25 | 71.61 |
Healthcare sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| AVITA Medical, Inc.this co. | RCEL | $130M | - | -7.76 | 291.8% | -3.91 |
| Fate Therapeutics, Inc. | FATE | $144M | - | 0.69 | -65.8% | -0.14 |
| Quanterix Corporation | QTRX | $144M | - | 0.48 | -36.2% | -0.86 |
| SANUWAVE Health, Inc. | SNWV | $143M | 40.51 | 88.35 | 729.6% | 20.54 |
| TuHURA Biosciences, Inc. | HURA | $134M | - |
| 6.03 |
| -143.6% |
| -4.67 |
| The Joint Corp. | JYNT | $127M | - | 8.33 | 19.3% | 140.09 |
| Nano-X Imaging Ltd. | NNOX | $119M | - | 0.85 | -28.3% | -1.41 |
| Neuronetics, Inc. | STIM | $118M | - | 5.25 | -148.6% | -6.65 |
| OptimizeRx Corporation | OPRX | $115M | 22.74 | 0.90 | 4.0% | 7.20 |
| Peer Median | - | 31.63 | 3.07 | -32.3% | -0.50 | |