Alvotech 2024 Loss Narrows, Revenue Increases

MT Newswires Live

03/27

Alvotech (ALVO) reported a 2024 loss late Wednesday of $0.87 per diluted share, narrowing from a loss of $2.43 in 2023.

Analysts polled by FactSet expected a loss of $0.30.

Revenue for the year ended Dec. 31 was $492 million, up 427% from a year earlier, the company said.

Analysts surveyed by FactSet expected $454.4 million.

Shares of the company fell more than 2% in Wednesday's after-hours activity.

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