Biote Reaffirms 2024 Financial Guidance, With Acceleration In H2 Growth; Sees Revenue Of $200M-$204M, Est $203.167M; Adjusted EBITDA Of $60M-$63M
Portfolio Pulse from Benzinga Newsdesk
Biote has reaffirmed its 2024 financial guidance, expecting revenues between $200M-$204M and Adjusted EBITDA between $60M-$63M. The company anticipates low-single digit revenue growth in H1 2024, with a significant improvement in H2, attributed to changes in the nutraceutical distribution channel and seasonal promotions.

March 12, 2024 | 8:52 pm
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Biote reaffirms its 2024 financial outlook with expected revenue of $200M-$204M and Adjusted EBITDA of $60M-$63M, forecasting stronger performance in the second half of the year.
Biote's reaffirmation of its 2024 financial guidance, especially the anticipation of significant improvement in the second half of the year, is likely to instill confidence among investors. The detailed financial targets and the expected recovery in H2 2024 suggest a positive outlook for the company's performance. This news is directly related to Biote and is critical for investors, as it provides clarity on the company's future revenue and profitability expectations.
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IMPORTANCE 90
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