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AVITA Medical Accelerates Revenue 30% in Q4, Revises Credit Covenants
8:23am on Friday 14th of February, 2025 AEDT
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Healthcare
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AVITA Medical Accelerates Revenue 30% in Q4, Revises Credit Covenants
8:23am on Friday 14th of February, 2025 AEDT
Key Points
Q4 2024 commercial revenue up 30% to $18.4 million
Full-year 2024 revenue increased 29% to $64 million
Fourth amendment to credit agreement adjusts revenue covenants through March 2026
Issued warrants to OrbiMed as part of credit amendment
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