04:45 PM EDT, 03/20/2024 (MT Newswires) -- Alvotech ( ALVO ) reported a full-year 2023 loss late Wednesday of $2.43 per diluted share, narrower than a loss of $2.60 a year earlier.

Four analysts surveyed by Capital IQ expected a loss of $1.09.

Revenue for the year ended Dec. 31 was $93.4 million, up 10% from a year earlier.

Analysts surveyed by Capital IQ expected $133.4 million.

As of Dec. 31, the company said it had cash and cash equivalents of $11.2 million.