Overview

* Allurion ( ALUR/WS ) 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 ( ALUR/WS ) 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

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $2.66 $2.13

Revenue mln mln (3

Analysts

)

Q3 Gross $1.30

Profit mln

Q3 -$9.63

Income mln

from

Operatio

ns

Q3 $10.93

Operatin mln

g

Expenses

Q3 -$11.88

Pretax mln

Profit

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 ( ALUR/WS ) is $6.00, about 75.2% above its November 11 closing price of $1.49

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)