AVITA Medical: Q3 Earnings Insights

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AVITA Medical RCEL reported its Q3 earnings results on Thursday, November 9, 2023 at 04:01 PM.

Here's what investors need to know about the announcement.

Earnings

AVITA Medical beat estimated earnings by 22.73%, reporting an EPS of $-0.34 versus an estimate of $-0.44.

Revenue was up $4.55 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.09 which was followed by a 0.99% increase in the share price the next day.

Here's a look at AVITA Medical's past performance:

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate -0.32 -0.25 -0.29 -0.34
EPS Actual -0.41 -0.37 -0.21 -0.22
Revenue Estimate 11.32M 10.33M 7.89M 7.03M
Revenue Actual 11.75M 10.55M 9.46M 9.09M

To track all earnings releases for AVITA Medical visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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