Happy reading
Form 8-K for Avita Medical INC filed 10/18/2023
If you start to fall asleep or go cross-eyed, fourdollars numbers look correct to me and my notes are below:
Cash & Credit Facility
- To strengthen balance sheet without significant dilution to shareholders, decided on a debt facility that provided optionality – most shareholder friendly option when the stock isn’t trading at a sufficient level to justify an equity raise
- $60M cash + $40M credit is expected to be more than enough to be profitable and pay down the $40M loan with cash.
- Currently no intention to use the 2x$25M credit options (acting as a contingency in case of unexpected events/delays)
- They say they don’t have a specific need for the $40M and had $60M on the balance sheet as of the end of the third quarter (Q4 cash will be around $89.1M)
- They have a number of initiatives that they’re going to continue, including the TONE study, increasing their commercial footprint for the burns and FTSD in 2024.
- Comfortable with cash level and currently investing the $40M in US treasuries which are earning >5% which reduces the overall cost of capital.
- Credit Agreement Interest Rate: SOFR or 4% (whichever is higher) + 8% = 13.3% (12% minimum)
- OrbiMed Test Dates:
- FY24 revenue guidance: $78.5 to $84.5M
- Forums
- ASX - By Stock
- AVH
- Media
Media, page-119
-
- There are more pages in this discussion • 118 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
|
|||||
Last
$2.37 |
Change
0.000(0.00%) |
Mkt cap ! $157.1M |
Open | High | Low | Value | Volume |
$2.37 | $2.39 | $2.36 | $383.6K | 161.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | $2.36 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.40 | 750 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 12985 | 2.350 |
8 | 31490 | 2.340 |
3 | 2290 | 2.330 |
6 | 13303 | 2.320 |
5 | 17122 | 2.310 |
Price($) | Vol. | No. |
---|---|---|
2.400 | 750 | 1 |
2.430 | 4300 | 1 |
2.440 | 4001 | 1 |
2.450 | 7500 | 1 |
2.480 | 11411 | 2 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
Featured News
AVH (ASX) Chart |