Allurion Q1 revenue $9.4M, down 33% YoY but up 14% sequentially; guides FY revenue $60-65M

ALLURION TECHNOLOGIES, INC.

2024-Q1 EPS reported $0.11 revenue$9,386,000

Revenue $9.4M, down from $14.1M YoY due to macroeconomic headwinds; procedural volume up 12% YoY and 22% sequentially.
Cash burn $8.4M, down 62% vs Q4 2023; expects ~$30M for full year.
FY 2024 guidance: revenue $60-65M, 13-23% YoY growth; gross margins 77-79%; procedural volume growth 20%.
Closed $48M convertible secured note with RTW Investments in April to simplify capital structure.
Gross profit margin 73% vs 79% YoY on lower production volumes; operating loss $11.4M vs $13.9M YoY.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ALLURION TECHNOLOGIES, INC. reported first quarter ended March 31, 2024 results: revenue $9.4 million. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $9.4 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Total revenue for the quarter ended March 31, 2024 was $9.4 million compared to $14.1 million for the same period in 2023

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Source: SEC EDGAR

accession 0000950170-24-059102

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