Avita Medical Ltd (RCEL)

[Deetew]

Just wait til the sellers from Friday realize that the $0.55 EPS loss is a typo. It’s actually a $0.37 EPS loss. Do the calculation yourself by bringing up the 10Q on SEC’s Edgar. Run Net Loss / Average Outstanding Share Count. Since the share count didn’t change much, I’ll use the share count on the last 10Q of 25,327,761 outstanding shares. The net loss from the 10Q was $9,220,000. So, $9,220,000/25,327,761. You get $0.364 loss per share. —A big difference compared to Google’s EPS of $0.55 loss per share. Turned a good report into a what-the…. I find the typo suspicious, especially when viewing the manipulative after-hours activity combined with a retail shareholder majority ownership and major FDA approvals just a month away. The actual EPS miss was only 4-5%, not 55% as shown on Google. Piper Sandler increased their price target after the report. You can find typo of $0.55 loss per share in the 8K posted to Edgar on 5/12/23