Alvotech Announces Q2 Preliminary Revenue Of $196M-$201M Vs $160M Est, Preliminary Adj EBITDA Of $98M-$103M
Portfolio Pulse from Benzinga Newsdesk
Alvotech (NASDAQ:ALVO) announced preliminary Q2 revenue of $196M-$201M, surpassing estimates of $160M. The company also reported preliminary adjusted EBITDA of $98M-$103M. This marks significant growth in both revenue and EBITDA compared to the same period last year.
July 01, 2024 | 9:14 am
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Alvotech announced preliminary Q2 revenue of $196M-$201M, exceeding estimates of $160M. The company also reported preliminary adjusted EBITDA of $98M-$103M, indicating strong financial performance and significant growth compared to the same period last year.
The preliminary Q2 revenue and adjusted EBITDA figures significantly exceed market expectations and show substantial growth compared to the previous year. This positive financial performance is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100