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AVITA Medical Inc

For the period ended Jun 30, 2024. Filed Aug 8, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 8, 2024

RCEL$16.59+5.8%Stored close · as of Nov 6, 2026

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30,2024

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number:001-39059

(Exact name of registrant as specified in its charter)

Delaware85-1021707
(State or other jurisdiction ofincorporation or organization)(IRS EmployerIdentification No.)

28159 Avenue Stanford

Suite 220

Valencia, CA 91355

(Address of principal executive offices and Zip Code)

Registrant’s telephone number, including area code:(661) 367-9170

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTradingSymbolName of each exchangeon which registered
Common Stock, par value $0.0001 per shareRCELThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☒
Emerging growth company☒

If an emerging growth company, indicate by check mark if the registrant has selected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No ☒

The number of shares of the registrant’s common stock, par value $0.0001, outstanding as of August 4, 2024 was 25,989,699

TABLE OF CONTENTS

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENT3
PART I – FINANCIAL INFORMATION5
Item 1.Financial Statements5
Consolidated Balance Sheets – As of June 30, 2024 (unaudited) and December 31, 20235
Consolidated Statements of Operations for the three-months and six-months ended June 30, 2024 and 2023 (unaudited)6
Consolidated Statements of Comprehensive Loss for the three-months and six-months ended June 30, 2024 and 2023 (unaudited)7
Consolidated Statements of Stockholders’ Equity for the three-months and six-months ended June 30, 2024 and 2023 (unaudited)8
Consolidated Statements of Cash Flows for the six-months ended June 30, 2024 and 2023 (unaudited)10
Notes to Consolidated Financial Statements (unaudited)11
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations29
Item 3.Quantitative and Qualitative Disclosures About Market Risk34
Item 4.Controls and Procedures34
Part II – OTHER INFORMATION36
Item 1.Legal Proceedings36
Item 1ARisk Factors36
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds36
Item 3.Defaults Upon Senior Securities36
Item 4.Mine Safety Disclosures36
Item 5.Other Information36
Item 6.Exhibits37
Signatures38
ContentsView on SEC.gov

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