Bioventus reports increased revenue in second-quarter 2024 financial results
Key takeaways:
- Bioventus Inc. reported its second quarter of 2024 financial results.
- The company reported $151.2 million in worldwide revenue for the quarter.
Bioventus Inc. reported increased revenue in its second quarter of 2024 financial results, according to a company press release.
Bioventus reported $151.2 million in worldwide revenue for the second quarter, a 10.3% increase from the prior year period. The company reported net loss from continuing operations was $32.1 million compared with $4.7 million in the prior year period. The company also reported $15.2 million in cash from operations for the second quarter, a 40.5% increase from the prior year period.
“The Bioventus team delivered strong financial results in the second quarter, including double-digit organic growth for the third consecutive quarter and a significant increase in profitability,” Rob Claypoole, president and CEO of Bioventus, said in the release. “We are pleased to raise our financial guidance for full-year 2024 as we remain focused on successfully executing on our strategic priorities to create shareholder value.”
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