04:10 AM EDT, 03/27/2025 (MT Newswires) -- Alvotech ( ALVO ) reported a 2024 loss late Wednesday of $0.87 per diluted share, narrowing from a loss of $2.43 in 2023.

Analysts polled by FactSet expected a loss of $0.30.

Revenue for the year ended Dec. 31 was $492 million, up 427% from a year earlier, the company said.

Analysts surveyed by FactSet expected $454.4 million.

Shares of the company fell more than 2% in Wednesday's after-hours activity.