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Biote Corp. Class A - BTMD STOCK NEWS

Welcome to our dedicated news page for Biote Class A (Ticker: BTMD), a resource for investors and traders seeking the latest updates and insights on Biote Class A .

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Biote Class A 's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Biote Class A 's position in the market.

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Biote Corp. (NASDAQ: BTMD) has settled outstanding litigation with its founder, Dr. Gary S. Donovitz, by repurchasing all of his 18.4 million shares at $4.17 per share. The Settlement Agreement includes mutual claims release, termination of advisory agreement, non-compete and non-solicitation agreements, and a voting agreement. The company plans to repurchase shares over a three-year schedule for a total of approximately $76.9 million to enhance shareholder value.

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Biote Corp. (Nasdaq: BTMD) announced the release of its first-quarter 2024 financial results on May 7, 2024, after the market closes. A conference call to discuss the results will be held at 5:00 p.m. ET on the same day.
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Biote (BTMD) announced financial results for Q4 and full year 2023, showcasing revenue growth, increased procedure revenue, and gross profit margin improvements. The company expanded its practitioner network and launched BioteRx products. They also repurchased founder shares and initiated a $20M share repurchase program. Despite a net loss in 2023, adjusted EBITDA and EBITDA margin increased. The 2024 financial outlook predicts revenue of $200-$204 million and adjusted EBITDA of $60-$63 million.
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Biote Corp. (BTMD) announces the release of its fourth-quarter and full-year financial results on March 12, 2024, followed by a conference call to discuss the outcomes. The company focuses on personalized hormone optimization and therapeutic wellness solutions.
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Biote Corp. (BTMD) announces the repurchase of approximately 18.4 million Class A shares and Paired Interests at $4.17 per share, resolving litigation with founder Dr. Gary S. Donovitz. The settlement includes mutual claims release, non-compete agreements, and a voting agreement. The repurchase, totaling $76.9 million, aims to enhance shareholder value and strengthen Biote's position in therapeutic wellness.
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Biote Corp. (BTMD) has announced a $20 million share repurchase program, marking the company's first authorization for share repurchases. The program grants management the authority to repurchase outstanding shares of the common stock through various means. CEO Terry Weber expressed confidence in the company's growth opportunity and business outlook, citing a strong balance sheet to support opportunistic share repurchases. The timing and extent of repurchases will be at the discretion of management, with no obligation to repurchase any specific amount or number of shares.
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Biote Corp. (BTMD) has announced the acquisition of F.H. Investments, Inc., d/b/a Asteria Health, a 503B manufacturer of compounded bioidentical hormones, for a purchase price of $8.5 million. The acquisition is expected to strengthen Biote's control over its supply chain, enhance efficiency, and provide expertise in 503B manufacturing. The transaction is anticipated to have minimal near-term revenue impact on Biote, with the potential for additional payments to Asteria Health shareholders based on production metrics.
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Biote Corp. (BTMD) expects 2023 revenue and Adjusted EBITDA to be slightly below prior guidance, with revenue of $185-$187 million and Adjusted EBITDA of $54-$56 million. The 2023 revenue growth is expected to be approximately 12% over the prior year, with procedure revenue growth of 9% and dietary supplement revenue growth of 17%. The expected fourth quarter revenue includes procedure revenue growth of 7% and dietary supplement revenue decline of 15% compared to the same period in 2022. The decline in dietary supplement revenue was due to one of Biote’s larger distributors exiting the nutraceutical business. The company also provided initial 2024 financial guidance, projecting revenue of greater than $200 million and Adjusted EBITDA of greater than $60 million, with expected modest contributions from new therapeutic wellness products and the acquisition of Asteria Health.
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Biote Corp. (BTMD) announces Robert Peterson as new Chief Financial Officer, bringing 15 years of health and wellness industry experience and public company experience. Peterson will lead finance operations, including accounting, financial planning, and analysis. The transition is unrelated to financial results or disagreements. CEO Terry Weber expresses gratitude to outgoing CFO Samar Kamdar and looks forward to maximizing growth opportunities.
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Biote (NASDAQ: BTMD) Achieves Progress in Test of Complementary Wellness Therapeutics, Reiterates 2023 Financial Guidance. Biote reported a 8.5% increase in revenue to $45.6 million and a 70-basis point increase in gross profit margin to 68.9%. Net income rose to $19.6 million with a net income margin of 43.1%. Adjusted EBITDA increased by 14.7% to $14.0 million with a margin of 30.8%. The company also reiterated their 2023 guidance range of $190-$200 million in revenue and $56-$60 million in Adjusted EBITDA.
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Biote Corp. Class A

Nasdaq:BTMD

BTMD Rankings

BTMD Stock Data

199.54M
16.48M
9.09%
46.23%
2.46%
Medicinal and Botanical Manufacturing
Manufacturing
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United States of America
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