Another insightful investor briefing this morning which I think should provide investors (who watch it) with added confidence in the Company delivering on, or exceeding, their guidance and goals.
Key Takeaways:
- By the end of 2024, they anticipate they'll be approved in ~200 new trauma centres. 15 or so expected to be approved every month. Targeted trauma centres with highest skin graft rates first (high volume centres);
- Feedback for surgeons: willing to use in the broader indication; intend to use on smaller wounds (<5%TBSA) which is a reason for RECELL mini development;
- RECELL mini: has breakthrough device designation (180-day review). Currently doing same testing as was done with RECELL GO. Expect to submit in June and receive FDA approval by the end of the year (2024);
- Aiming to commence production of RECELL GO by April 1 (for May 31 launch);
- PermeaDerm revenue is not included in FY24 guidance. Launching in mid-March;
- PermeaDerm revenue example: For a 10% tbsa wound treated with PermeaDerm ~ Product selling price would be $2100-$2200 x50% (gross margin) = $1050-$1100 additional revenue/procedure (for minimal additional costs). PermeaDerm has more eligible procedures (more competition? sounding like a superior product) than RECELL does
- Addition of dermal scaffold product to portfolio: currently animal testing with multiple products to find the most suitable. Expect co-development program in 2024;
- Revenue is expected to grow in excess of 50% for 4-5 years from U.S. burns and FTSD;
- Cash burn is expected to decrease over the next ~6 quarters to profitability in 2025;
- No further significant non-cash items in 2024;
- CFO sounded quietly confident of not requiring the 2x$25 tranches, and might not need to tap into the $40M which is currently earning over 5% interest;
- Business is recession resistant due non-elective surgeries;
- Upgrading manufacturing facility capacity to ~80,000 kits/year. Upgrade scheduled for completion mid 2024.
- Vitiligo results from TONE and health economics studies won't be released prior to them being published to avoid outside influence;
- Vitiligo expansion expected to be funded by excess cash made during the profitable phase.
- Forums
- ASX - By Stock
- AVH
- Ann: AVITA Medical Q4 2023 Investor Presentation
Ann: AVITA Medical Q4 2023 Investor Presentation, page-2
- There are more pages in this discussion • 73 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AVH (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.75 |
Change
-0.120(4.18%) |
Mkt cap ! $170.3M |
Open | High | Low | Value | Volume |
$2.79 | $2.79 | $2.71 | $649.2K | 234.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 6240 | $2.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.74 | 145 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1193 | 2.730 |
4 | 6852 | 2.720 |
6 | 20528 | 2.710 |
7 | 20911 | 2.700 |
5 | 25544 | 2.690 |
Price($) | Vol. | No. |
---|---|---|
2.750 | 8466 | 2 |
2.760 | 3966 | 2 |
2.770 | 4449 | 4 |
2.780 | 6896 | 6 |
2.790 | 9661 | 5 |
Last trade - 13.13pm 04/06/2024 (20 minute delay) ? |
|
|||||
Last
$2.74 |
  |
Change
-0.120 ( 4.68 %) |
|||
Open | High | Low | Volume | ||
$2.75 | $2.78 | $2.72 | 35993 | ||
Last updated 13.35pm 04/06/2024 ? |
Featured News
AVH (ASX) Chart |