Jason Napodano, CFA
Research analyst, medium-term horizon, biotech, small-cap

Check-Up On Avita Medical Keeps Us Bullish

Quick Financials Update

On August 29, 2013, Avita Medical Ltd (OTCQX:AVMXY) reported financial results for the six months and full year ended June 30, 2013. Total revenues for the six months ended June 30, 2013 were $2.18 million, up 13% over the same period in 2012. Revenues were driven by $1.46 million in product sales, consisting of sales of the ReCell® Spray-On Skin product in Europe and sales of the Breath-A-Tech® spacer and Funhaler® children's inhaler in Australia, and $0.72 million in grants relating to the U.S. Department of Defense and other income. For the full year 2013, revenues totaled $4.05 million, consisting of $2.82 million in product sales from ReCell, Breath-A-Tech, and Funhaler, and $1.24 million in...

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