AVITA’s RECELL System Revenue Rose 161%, Share Price up ~7%

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AVITA’s RECELL System Revenue Rose 161%, Share Price up ~7%

AVITA Therapeutics Inc (ASX:AVH) disclosed its annual report for FY20 (year ended 30 June 2020).

  • Revenue of the RECELL System totaled US$14.3 million for the financial year 2020, an increase of 161% (or US$8.8 million) over the US$5.5 million for FY19.
  • During the period, US sales totaled US$13.8 million compared to US$4.4 million in the prior year.
  • AVITA had cash and restricted cash of US$73.8 million as of 30 June 2020 compared to US$20.4 million as of 30 June 2019.

Post announcement on 28 August 2020, AVH share price was trading at A$6.660 up by 8.293% at AEST 12:03 AM.

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