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Revised lower revenue forecasts indicate potential short-term financial struggles, similar to past downturns.
What happened, with direct paths to the underlying reporting
Avita Medical revised revenue guidance for Q4 and 2024 downwards. Projected Q4 revenue is $18.4 million, below earlier estimates. 2024 revenue expected at $64.3 million, missing prior forecasts. Inventory adjustments delayed purchasing, affecting near-term sales. Despite challenges, Avita plans growth with new product launches.
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