AVITA Medical (NASDAQ:RCEL) reported its Q1 earnings results on Monday, November 8, 2021 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
AVITA Medical their estimated earnings by 36.84%, reporting an EPS of $-0.24 versus an estimate of $-0.38, which surprised analysts.
Revenue was up $1,960,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.1, which was followed by a 12.69% increase in the share price the next day.
Here’s a look at AVITA Medical’s past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.29 | -0.33 | -0.43 | -0.34 |
| EPS Actual | -0.19 | -0.26 | -0.26 | -0.48 |
| Revenue Estimate | 7.88M | 6.37M | 5.60M | 4.90M |
| Revenue Actual | 10.30M | 8.77M | 5.10M | 5.06M |
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