Alvotech Reports Record Revenues and Adjusted EBITDA for the Second Quarter and First Six Months of 2024
ALVOAlvotech(ALVO) GlobeNewswire News Room·2024-08-16 04:15

Record Total Revenues of 236millionforthefirstsixmonthsof2024,anovertenfoldincreasecomparedtosameperiodin2023Productrevenuesforthefirstsixmonthswere236 million for the first six months of 2024, an over ten-fold increase compared to same period in 2023Product revenues for the first six months were 66 million, a 190% increase from the same period last year, with Q2 product revenues contributing 53millionLicenseandotherrevenuesforthefirstsixmonthsincreasedto53 millionLicense and other revenues for the first six months increased to 170 million, with Q2 license and other revenues contributing 145millionAdjustedEBITDAinthefirstsixmonthswas145 millionAdjusted EBITDA in the first six months was 64 million, compared to negative ($147) mi ...