Alvotech Second Quarter 2024 Earnings: EPS: US$0.25 (vs US$0.83 in 2Q 2023)

In This Article:

Alvotech (NASDAQ:ALVO) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$198.8m (up by US$194.3m from 2Q 2023).

  • Net income: US$65.2m (down 66% from 2Q 2023).

  • Profit margin: 33%.

  • EPS: US$0.25 (down from US$0.83 in 2Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alvotech Earnings Insights

Looking ahead, revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are up 19% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Alvotech (of which 1 doesn't sit too well with us!) you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.