Allurion Technologies Expects FY24 Revenue Of $40M-$45M (Prior $60M-$65M) Vs $55M Est
Portfolio Pulse from Benzinga Newsdesk
Allurion Technologies has revised its full-year 2024 revenue guidance to $40 million-$45 million, down from the previous $60 million-$65 million, and below the $55 million estimate. The company expects a 10%-15% growth in procedure volume.
August 13, 2024 | 12:04 pm
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Allurion Technologies has lowered its FY24 revenue guidance to $40M-$45M from $60M-$65M, which is also below the $55M estimate. The company expects a 10%-15% growth in procedure volume.
The significant downward revision in revenue guidance is likely to negatively impact investor sentiment and the stock price in the short term. Although the company expects growth in procedure volume, the lower revenue forecast overshadows this positive aspect.
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