NASDAQ$BVS
Bioventus Inc - A · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported strong financial results with double-digit organic growth and increased cash flow.
Bioventus reported a 15.0% increase in worldwide revenue to $139.0 million, driven by double-digit growth in Pain Treatments and Surgical Solutions. The company's net loss from continuing operations was $5.4 million, with adjusted EBITDA advancing 8.4% to $23.6 million.
- Q3 revenue advanced by 15.0%, marking the fourth consecutive quarter of double-digit organic growth.
- Q3 gross margin expanded by 200 bps.
- Q3 cash from operations reached $10.3 million, an increase of $18.6 million compared to the previous year.
- Reached an agreement to divest the Company's Advanced Rehabilitation Business for up to $45.0 million.
Headline financials
Revenue & EPS history
Bioventus · Revenue · Quarterly
$139M
Forward guidance
For the twelve months ending December 31, 2024, the Company now expects net sales of $562 million to $567 million, Adjusted EBITDA of $104 million to $107 million and Non-GAAP EPS of $0.40 to $0.42.
Tailwinds
- Net sales of $562 million to $567 million, reflecting an increase of $2.5 million from the midpoint of previous guidance
- Adjusted EBITDA of $104 million to $107 million
- Non-GAAP EPS of $0.40 to $0.42, reflecting an increase of $0.02 from the midpoint of previous guidance
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+2.1%
Avg return
Earnings day
+5.6%
Avg return
5 days after
+13.1%
Avg return
30 days after
62%
13 / 21 earnings
Positive
+26.0%
Q1 2024
Best reaction
-39.9%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.2% | -4.6% | -15.4% | |
| Q4 2025 | +7.4% | +4.6% | +5.9% | |
| Q3 2025 | +15.1% | +13.6% | +16.2% | |
| Q1 2025 | -12.0% | -5.0% | -7.4% | |
| Q4 2024 | +23.3% | +9.7% | -13.6% | |
| Q3 2024 | -17.7% | -13.8% | -15.1% | |
| Q2 2024 | +19.2% | +21.2% | +54.3% | |
| Q1 2024 | +26.0% | +35.0% | +70.0% | |
| Q4 2023 | -0.4% | +2.6% | -9.4% | |
| Q3 2023 | +6.0% | -2.1% | +42.1% | |
| Q2 2023 | +20.3% | +32.9% | -2.6% | |
| Q1 2023 | +6.5% | +58.5% | +195.9% | |
| Q4 2022 | -6.6% | +2.5% | -16.5% | |
| Q3 2022 | -39.9% | -42.7% | -18.9% | |
| Q2 2022 | +4.8% | +3.9% | -6.4% | |
| Q1 2022 | -9.1% | +4.5% | +12.5% | |
| Q4 2021 | +0.8% | -3.0% | -4.0% | |
| Q3 2021 | -0.5% | -4.5% | -18.7% | |
| Q2 2021 | +1.7% | +0.3% | -0.7% | |
| Q1 2021 | +1.0% | +3.3% | +17.0% | |
| Q4 2020 | -4.8% | -0.4% | -9.1% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q1 2015 | — | — | — |
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