BUZZ-AVITA Medical's ASX shares drop to 3-month low on revenue forecast downgrade

Reuters04-11

** ASX-listed shares of AVITA Medical Inc fall as much as 16.2% to A$3.770, their lowest since Jan 8

** Stock set for worst day since Oct 3, if losses hold

** Co expects March-qtr commercial revenue between $11 mln and $11.3 mln, lower than previous forecast of $14.8 mln to $15.6 mln

** Says the downward revision due to slower-than-expected conversion rate of new accounts for expanded label of full-thickness skin defects

** AVH top loser on ASX All Ordinaries index

** As of last close, stock up 4.9% this year

(Reporting by Himanshi Akhand in Bengaluru)

((Himanshi.Akhand@thomsonreuters.com;))

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