Alvotech Now Sees FY24 Revenue Of $400M-$500M, Est $318.575M
Portfolio Pulse from Benzinga Newsdesk
Alvotech has updated its FY24 revenue guidance to $400M-$500M, significantly higher than the estimated $318.575M. The company also tightened its EBIDTA guidance to $100-$150 million for the full year.
May 21, 2024 | 9:33 pm
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Alvotech has raised its FY24 revenue guidance to $400M-$500M, significantly higher than the estimated $318.575M. The company also tightened its EBIDTA guidance to $100-$150 million for the full year.
The significant increase in revenue guidance and the tightening of EBIDTA guidance indicate strong financial performance and operational efficiency, which are likely to positively impact Alvotech's stock price in the short term.
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