AVITA Medical: New Products, Same Old Cash Burn (Rating Downgrade)
AVITA Medical(RCEL) Seeking Alpha·2024-08-28 04:39
11 1 000 1 000 E 1 i r 1 E l L the state in er 1 t 1 t D-Keine Introduction AVITA Medical, Inc. (NASDAQ:RCEL) stock is down 47% since my last look in March. The title said it all: "Unconvincing Growth Amid Fierce Competition In The Burn Care Sector." My recommendation was hold, citing "unresolved concerns over S&M spending efficiency and competitive advantage." The company subscquently has released two earnings reports and launched RECELL GO, so let's take another look. AVITA Medical: Struggling to Balance ...