Allurion Reports Third Quarter 2024 Financial Results and Provides Business Update
Allurion Technologies, Inc. (ALUR)
Company Research
Source: Business Wire
NATICK, Mass.--(BUSINESS WIRE)--Allurion Technologies, Inc. (NYSE: ALUR) (“Allurion” or the “Company”), a company dedicated to ending obesity, today announced its financial results for the third quarter ended September 30, 2024 and provided a business update.Recent Company HighlightsRevenue of $5.4 million, which includes a reduction of $1.2 million for product recalled from France during the third quarterAI product revenue in the third quarter from the Virtual Care Suite (VCS) grew by 82% versus prior year as first patients in the United States treated with GLP-1s were on-boardedLast patient in AUDACITY FDA clinical trial successfully exited, putting top-line readout on track for the end of the yearWorked collaboratively with ANSM to prepare remediation plan for France, which was submitted in August and completed in SeptemberUpdating full-year 2024 revenue guidance to between $30 million and $35 millionInitiated business restructuring which is expected to reduce operating expense
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News
- Allurion Technologies Inc. (NYSE: ALUR) was downgraded by analysts at Chardan Capital from a "buy" rating to a "neutral" rating.MarketBeat
- Allurion Technologies Inc (ALUR) Q3 2024 Earnings Call Highlights: Strategic Shifts and Revenue ... [Yahoo! Finance]Yahoo! Finance
- Allurion Presents Data From Largest Ever Real-World Experience of 19,428 Patients at The Obesity Society's Annual Conference [Yahoo! Finance]Yahoo! Finance
- Allurion Presents Data From Largest Ever Real-World Experience of 19,428 Patients at The Obesity Society’s Annual ConferenceBusiness Wire
- Allurion to Report Third Quarter 2024 Financial Results on November 13, 2024Business Wire
ALUR
Earnings
- 11/13/24 - Beat
ALUR
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/14/24 - Form 424B3
- ALUR's page on the SEC website