Alvotech Second Quarter 2024 Earnings: EPS: US$0.25 (vs US$0.83 in 2Q 2023)

Alvotech (NASDAQ:ALVO) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$198.8m (up by US$194.3m from 2Q 2023).
• Net income: US$65.2m (down 66% from 2Q 2023).
• Profit margin: 33%.
• EPS: US$0.25 (down from US$0.83 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alvotech Earnings Insights

Looking ahead, revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are up 17% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Alvotech (including 1 which shouldn't be ignored).

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