The following is a summary of the Bioventus Inc. (BVS) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Bioventus reported Q4 revenue of $135 million, an 8% increase from the previous year.

• Adjusted gross margin improved slightly to 71% and adjusted operating income rose to $20 million.

• The company reported adjusted net income of $6 million, a significant turnaround from the loss of $6 million a year ago.

• For 2024, Bioventus projects net sales ranging from $520m to $535m and adjusted EBITDA between $89m and $94m.

Business Progress:

• Bioventus noted improvements in their commercial business and anticipates mid to high single-digit revenue growth in their Pain Treatments segment.

• Despite a 16% drop in Restorative Therapies sales, the company expects this segment to see low single-digit growth in 2024.

• The international segment is projected to see double-digit growth in 2024.

• In 2024, the company will prioritize revenue growth, operational efficiency, future profitability, and improved cash flow position.

• The CEO's plan for 2024 includes accelerating revenue across the HA, Surgical Solutions businesses and the International segment, reducing costs related to acquisition integrations, and driving a reduction in inventories to increase cash flow.

More details: Bioventus IR

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