The chart below shows how BVS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BVS sees a +9.83% change in stock price 10 days leading up to the earnings, and a +9.74% change 10 days following the report. On the earnings day itself, the stock moves by -1.33%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Quarterly Revenue Increase: We delivered a strong quarter with revenue of $139 million, increasing 15% compared to the prior year.
Consistent Double-Digit Growth: We maintained strong momentum across all three businesses with double digit growth in both pain treatments and surgical solutions for the fourth consecutive quarter.
EBITDA Growth Achievement: Adjusted EBITDA of over $24 million increased by $2 million and represented an 8% increase compared to the prior year.
Adjusted EBITDA Increase: Year-to-date adjusted EBITDA is up 21% compared to the prior year.
Cash Position Improvement: We ended the quarter with $43 million of cash on hand, an increase of $11 million for the quarter.
Negative
Revenue Growth Decline: Revenue of $139 million increased 15% compared to the prior year, but this growth rate is lower than previous quarters.
Adjusted Gross Margin Decline: Adjusted gross margin of 75% was comparable to last year, down 10 basis points, indicating a slight decline in profitability.
Increased Operating Expenses: Adjusted operating expenses rose by nearly $13 million compared to the prior year, reflecting increased investments in strategic growth areas.
BGS Growth Slowdown: The company expects a slowdown in growth in the BGS business due to earlier actions taken to delay adding new distributors, which may impact future revenue.
Cash Flow Pressures: Operating cash flow represented an inflow of $10 million despite the payment of more than $9 million during the quarter to settle shareholder litigation, indicating cash flow pressures.
Bioventus Inc. (BVS) Q3 2024 Earnings Call Transcript
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