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Allurion Technologies (ALUR)
NYSE:ALUR
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.22Last Year’s EPS
-$0.4Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: -50.99%
|Next Earnings Date:Mar 20, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging quarter with significant revenue decline and operational difficulties, particularly in France. However, there are promising aspects such as substantial growth in AI product revenue, a new commercial strategy, and positive data from recent studies. The company is focused on restructuring and strategic initiatives to return to growth.Company Guidance
During the Allurion Technologies Q3 2024 earnings call, the company provided guidance highlighting several key metrics and strategic directions. Revenue for the third quarter was reported at $5.4 million, a significant decrease from $18.2 million in Q3 2023, largely due to macroeconomic headwinds and a temporary suspension in France. Gross profit margins fell to 58% from 77% year-over-year, impacted by a product recall. Allurion outlined a new strategy for 2025 centered around five pillars, including a refined commercial plan, scaling their AI platform, and gaining FDA approval for the Allurion Balloon. The company anticipates 2024 revenue in the range of $30 million to $35 million, expecting procedure volumes to remain flat compared to 2023. Cost reduction measures are projected to cut operating expenses by approximately 50% in 2025, with an aim to achieve adjusted EBITDA profitability by late 2025. The Virtual Care Suite (VCS) showed promising growth, with AI product revenues up over 80% year-over-year, and the company plans to expand this business further in 2025.AI Product Revenue Growth
AI product revenues have grown more than 80% year-over-year, with expectations to double by year end, driven by expansion in the U.S. and Europe.
Middle East Procedure Volume Growth
Procedure volumes in the Middle East grew by 20% compared to last year, indicating recovery and potential future growth.
New Commercial Strategy
Introduction of a new commercial plan focusing on deeper market penetration, scaling AI products, gaining FDA approval for the Allurion Balloon, achieving profitability, and resuming commercialization in France.
Successful Publication of Studies
Publication of multiple studies showcasing the effectiveness of the Allurion Balloon, including a real-world experience of 19,428 patients showing an average weight loss of 12.2% in 4 months.
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ALUR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ALUR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $0.71 | $0.52 | -26.76% |
| Aug 13, 2024 | $0.80 | $0.78 | -2.50% |
| May 14, 2024 | $1.94 | $2.11 | +8.76% |
| Mar 21, 2024 | $2.10 | $2.01 | -4.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Allurion Technologies (ALUR) report earnings?
Allurion Technologies (ALUR) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Allurion Technologies (ALUR) earnings time?
Allurion Technologies (ALUR) earnings time is at Mar 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ALUR EPS forecast?
ALUR EPS forecast for the fiscal quarter 2024 (Q4) is -$0.22.
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