04:56 PM EDT, 08/15/2024 (MT Newswires) -- Alvotech ( ALVO ) reported an H1 loss late Thursday of $0.61 per diluted share, widening from a loss of $0.39 a year earlier.

Revenue for the six months ended June 30 was about $235.6 million, compared with $20.3 million a year earlier.

Analysts' estimates were unavailable for comparison.

Alvotech ( ALVO ) reaffirmed its full-year revenue guidance to between $400 million and $500 million. Analysts polled by Capital IQ expect $405.5 million.

The company said it had $10.9 million in cash and cash equivalents, excluding restricted cash as of June 30.

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