Allurion Announces Preliminary First Quarter 2024 Results
Allurion Technologies, Inc. (ALUR)
Company Research
Source: Business Wire
Generated quarter-over-quarter revenue growth and continued growth in procedural volume, while substantially reducing cash burnCompany to report full first quarter 2024 financial results on May 14, 2024 NATICK, Mass.--(BUSINESS WIRE)--Allurion Technologies, Inc. (“Allurion” or the “Company”) (NYSE: ALUR), a company dedicated to ending obesity, today announced preliminary, unaudited results for the first quarter 2024. Management expects preliminary unaudited results for the period as follows:Revenue in the range of $9.2 million to $9.3 million, reflecting growth of between 12%-13% over the fourth quarter of 2023Procedural volume growth, as estimated by new app users, reflecting 22% growth over the fourth quarter of 2023Cash burn in the range of $8 million to $9 million, down from $22 million in the fourth quarter of 2023, and in line with targeted cash burn of approximately $30 million for the year“We are encouraged by our growth in the first quarter in both revenue and procedural v
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News
- Allurion Technologies Inc. (NYSE: ALUR) had its "buy" rating re-affirmed by analysts at Chardan Capital. They now have a $5.00 price target on the stock.MarketBeat
- Allurion Announces Three Scientific Presentations at the European Congress on Obesity, Including Study on Lean Mass Preservation for Sustainable, Healthy Weight Loss [Yahoo! Finance]Yahoo! Finance
- Allurion Announces Three Scientific Presentations at the European Congress on Obesity, Including Study on Lean Mass Preservation for Sustainable, Healthy Weight LossBusiness Wire
- Allurion Reports First Quarter 2024 Financial Results and Provides Business Update [Yahoo! Finance]Yahoo! Finance
- Allurion Reports First Quarter 2024 Financial Results and Provides Business UpdateBusiness Wire
ALUR
Earnings
- 3/21/24 - Beat
ALUR
Sec Filings
- 5/14/24 - Form 10-Q
- 5/14/24 - Form 8-K
- 5/7/24 - Form 4
- ALUR's page on the SEC website