secwatch.observer — SEC 8-K summary
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Issuer:     ALLURION TECHNOLOGIES, INC. (ALUR)
CIK:        0001964979
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0000950170-24-059102
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1964979/000095017024059102/0000950170-24-059102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1964979/000095017024059102/alur-20240514.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-059102

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer