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ALURD Allurion Technologies News Story

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Allurion Technologies Q3 revenue beats expectations

Overview

Allurion Q3 revenue of $2.7 mln beats analyst expectations despite a year-over-year decline

Company reduced operating expenses by 29% and operating loss by 22% year-over-year

Allurion exchanged debt for convertible preferred equity and secured $5 mln private placement

Outlook

Company did not provide specific financial guidance for future quarters or the full year

Result Drivers

REVENUE DECLINE - Year-over-year revenue decrease due to distributor transitions and lower sales and marketing investments post-restructuring

COST REDUCTION - Operating expenses and losses reduced significantly due to restructuring initiatives

BALANCE SHEET STRENGTHENING - Debt exchanged for convertible preferred equity and $5 mln private placement secured

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$2.66 mln$2.13 mln (3 Analysts)
Q3 Gross Profit$1.30 mln
Q3 Income from Operations-$9.63 mln
Q3 Operating Expenses$10.93 mln
Q3 Pretax Profit-$11.88 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" The average consensus recommendation for the software peer group is "buy" Wall Street's median 12-month price target for Allurion Technologies Inc is $6.00, about 75.2% above its November 11 closing price of $1.49 Press Release: ID:nBw1Nxwwha For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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