Alvotech SA, a global biotech company, has reported its financial results for the first quarter of 2025, showcasing a substantial increase in revenues. Total revenues climbed to $132.8 million, a significant 260% rise from the $36.9 million reported in the same period last year. Product revenues reached $109.9 million, marking a remarkable 786% increase compared to $12.4 million in the previous year's first quarter. The company also reported a net profit of $109.7 million for the three months ended March 31, 2025, a notable turnaround from the net loss of $218.7 million in the same period of the previous year. This resulted in earnings per share of $0.39, a stark contrast to the loss of $0.89 per share reported for the same period in 2024. Alvotech's Adjusted EBITDA for the first quarter of 2025 was positive at $20.5 million, compared to a negative $38.4 million in 2023. The company has increased its full-year guidance, projecting top-line revenue between $600 and $700 million and adjusted EBITDA in the range of $200 to $280 million, following the acquisition of rights to a biosimilar to Cimzia. In a business update, Alvotech highlighted its strong momentum in generating positive cash flows from operating activities and maintaining healthy product margins. The company expects to be free cash-flow positive in 2025 and self-funded moving forward, driven by new product launches and enhanced manufacturing efficiencies.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.