NASDAQ$BTMD
biote Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Biote's revenue and Adjusted EBITDA grew, reflecting patient demand for hormone optimization and wellness therapies.
Biote reported an 8.5% increase in revenue to $45.6 million and a net income of $19.6 million for the third quarter of 2023. The company's Adjusted EBITDA increased by 14.7% to $14.0 million.
- Revenue increased by 8.5% to $45.6 million.
- Gross profit margin increased by 70 basis points to 68.9%.
- Net income was $19.6 million, with earnings per share of $0.25.
- Adjusted EBITDA increased by 14.7% to $14.0 million.
Headline financials
Revenue & EPS history
biote · Revenue · Quarterly
$45.6M
Forward guidance
Biote anticipates that 2023 revenue and Adjusted EBITDA will likely be toward the lower end of the provided guidance range.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q3 2023
-2.4%
Avg return
Earnings day
-4.0%
Avg return
5 days after
-3.0%
Avg return
30 days after
55%
11 / 20 earnings
Positive
+16.9%
Q3 2024
Best reaction
-25.1%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.9% | -9.6% | +4.6% | |
| Q4 2025 | -10.5% | -20.9% | -7.6% | |
| Q3 2025 | -2.4% | -11.1% | -13.0% | |
| Q1 2025 | +11.3% | +17.1% | +14.7% | |
| Q4 2024 | -25.1% | -0.7% | -11.0% | |
| Q3 2024 | +16.9% | -6.3% | +13.7% | |
| Q2 2024 | -21.2% | -17.8% | -10.6% | |
| Q1 2024 | +0.2% | +1.0% | +11.1% | |
| Q4 2023 | +11.9% | +27.0% | +10.1% | |
| Q3 2023 | -20.2% | -18.4% | -0.9% | |
| Q2 2023 | -14.4% | -22.0% | -23.7% | |
| Q1 2023 | -17.2% | -14.3% | -20.6% | |
| Q4 2022 | +16.6% | +34.9% | +33.3% | |
| Q3 2022 | +2.3% | +2.5% | +7.2% | |
| Q2 2022 | +1.1% | -4.6% | -7.4% | |
| Q1 2022 | +0.6% | -36.9% | -64.3% | |
| Q4 2021 | +0.0% | +0.0% | +0.6% | |
| Q3 2021 | -0.1% | +0.1% | +1.0% | |
| Q2 2021 | +0.0% | -0.5% | -0.2% | |
| Q1 2021 | +0.6% | +0.6% | +3.0% | |
| Q4 2020 | — | — | — |
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