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AVITA Medical is a leading therapeutic acute wound care company delivering transformative solutions designed to optimize wound healing, accelerate patient recovery, and improve clinical and economic outcomes across the continuum of acute wound management. Our technologies address critical healing needs arising from burns, traumatic injuries and surgical repairs, through a portfolio of proprieta…
The business is unprofitable at the operating level (-59.39% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 11.5% YoY with margins expanding 28.7pp.
ROIC dropped from -62.99% to -69.62%, capital efficiency is deteriorating. Negative free cash flow of -$32M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$72M
▲ +11.5% YoY
Net Income (TTM)
-$45M
▲ +21.4% YoY
Op. Margin
-54.61%
▲ +28.7pp YoY
ROIC
-68.03%
▼ -6.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$32M
▲ +44.6% YoY
Op. Cash Flow (TTM)
-$31M
▲ +36.3% YoY
Net Debt
$34M
Cash & Equiv.
$14M
5Y CAGR: +67.2%
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