What’s MM thoughts towards AVITA Medical (AVH)?
Hi Team, I was interested in an updated opinion on Avita Medical. Cheers, Robert
The Latest Q&A
Answer
Hi Robert,
AVITA Medical Inc (INC) is a US based $200mn medicine company which focuses on the treatment of burns. AVH has really struggled post COVID with its stock collapsing over 90% from its February 2020 high. Investors have remained disenchanted with AVH which has experienced declining revenue while the stock was priced for growth e.g. in May they reported a 13% drop in revenue Q1 to $7.5mn, hence this healthcare stock is in the too hard basket at this stage & not on the MM radar. One saving grace is its cash balance which sits around ~$95m.
