AVITA Medical Q2 EPS $(0.41) Misses $(0.32) Estimate, Sales $11.75M Beat $11.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
AVITA Medical reported Q2 losses of $(0.41) per share, missing the analyst consensus estimate of $(0.32) by 28.12 percent. This is a 64 percent decrease over losses from the same period last year. However, the company reported quarterly sales of $11.75 million, beating the analyst consensus estimate of $11.32 million by 3.83 percent, a 41.01 percent increase over sales from the same period last year.

August 10, 2023 | 8:01 pm
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NEUTRAL IMPACT
AVITA Medical's Q2 earnings missed estimates, but sales beat expectations and showed significant YoY growth.
AVITA Medical's earnings miss could negatively impact the stock price, but the strong sales performance and YoY growth could offset this impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100