Alvotech Nine Months Of 2023 EPS $(1.21) Down From $(1.00) YoY, Product Revenue $29.800M Up From $11.060M YoY
Portfolio Pulse from Benzinga Newsdesk
Alvotech reported a nine-month EPS of $(1.21) for 2023, a decrease from $(1.00) in the previous year. However, product revenue increased to $29.800 million, up from $11.060 million year-over-year.
November 28, 2023 | 9:29 pm
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NEUTRAL IMPACT
Alvotech's EPS decreased to $(1.21) from $(1.00) YoY, but product revenue saw a significant increase to $29.800M from $11.060M YoY.
The decrease in EPS indicates higher losses, which could negatively impact investor sentiment. However, the substantial increase in product revenue suggests growth in the company's core business, which could offset concerns about profitability in the short term. The mixed results make the short-term impact on the stock price uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100