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Biote - BTMD STOCK NEWS

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

Biote Corp (BTMD) operates a specialized practice-building business within the rapidly growing hormone optimization and personalized medicine space. The company provides healthcare practitioners with the tools, training, and support necessary to implement customized hormone optimization programs for their patients. By focusing on a turnkey ecosystem, Biote enables practitioners to seamlessly integrate hormone therapies into their practices, addressing the increasing demand for preventive and wellness-focused healthcare solutions.

Core Business Model

At its core, Biote empowers certified practitioners with a comprehensive suite of resources to establish and grow their hormone optimization practices. This includes access to proprietary diagnostic tools, treatment protocols, and bioidentical hormone products designed to optimize hormone levels in patients. Additionally, Biote offers extensive training programs, marketing support, and ongoing practitioner education, ensuring that its certified network can deliver high-quality and consistent care.

Market Position and Value Proposition

Biote operates within the broader healthcare and wellness industry, specifically targeting the hormone optimization segment. This market is driven by increasing awareness of the role hormones play in overall health, particularly among aging populations and individuals seeking preventive care. Biote's unique value proposition lies in its ability to provide a fully integrated solution that combines science-backed therapies with practitioner support. By doing so, the company not only enhances patient outcomes but also enables practitioners to diversify and grow their revenue streams.

Competitive Landscape

Within the hormone optimization space, Biote faces competition from pharmaceutical companies offering synthetic hormone therapies, as well as other providers of natural or bioidentical hormone solutions. However, Biote differentiates itself through its practice-building approach, which goes beyond simply supplying products. By offering training, certification, and ongoing support, Biote creates a network of practitioners who are equipped to deliver consistent, high-quality care. This ecosystem approach builds trust among patients and practitioners alike, fostering long-term relationships.

Industry Dynamics

The hormone optimization market is influenced by several key trends, including the aging population, increasing focus on preventive healthcare, and growing demand for personalized medicine. Biote is well-positioned to capitalize on these trends by offering solutions that address the root causes of hormonal imbalances rather than just treating symptoms. Furthermore, the company's focus on practitioner education and certification ensures that its network remains informed about the latest advancements in hormone therapy, maintaining a competitive edge in a rapidly evolving industry.

Conclusion

Biote Corp stands out as a key player in the hormone optimization space, leveraging its expertise to empower practitioners and improve patient outcomes. By combining innovative therapies with a robust practice-building ecosystem, the company addresses the growing demand for personalized and preventive healthcare solutions. Biote's commitment to education, quality, and support ensures its relevance in an industry poised for sustained growth.

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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. will release its third quarter financial results on November 7, 2023, followed by a conference call on November 8, 2023, to discuss the results.
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FAQ

What is the current stock price of Biote (BTMD)?

The current stock price of Biote (BTMD) is $4.37 as of February 28, 2025.

What is the market cap of Biote (BTMD)?

The market cap of Biote (BTMD) is approximately 132.9M.

What does Biote Corp (BTMD) do?

Biote Corp operates a practice-building business that provides healthcare practitioners with tools, training, and support to deliver personalized hormone optimization therapies.

How does Biote generate revenue?

Biote generates revenue through the sale of proprietary hormone optimization products, training programs, and ongoing support services for certified practitioners.

What makes Biote unique in the hormone optimization market?

Biote differentiates itself by offering a comprehensive practice-building ecosystem that includes training, certification, marketing support, and proprietary products, enabling practitioners to deliver consistent, high-quality care.

What is the target market for Biote's services?

Biote targets healthcare practitioners seeking to expand their offerings with hormone optimization therapies, as well as patients looking for personalized, preventive healthcare solutions.

What challenges does Biote face in its industry?

Challenges for Biote include competition from synthetic hormone providers, regulatory scrutiny, and the need to continuously educate practitioners and patients about the benefits of its therapies.

How does Biote support its certified practitioners?

Biote provides certified practitioners with training, diagnostic tools, treatment protocols, marketing resources, and ongoing education to ensure successful implementation of hormone optimization programs.

What are bioidentical hormones?

Bioidentical hormones are compounds that are chemically identical to the hormones naturally produced by the human body, used in therapies to restore hormonal balance.

What trends are driving growth in the hormone optimization market?

Key trends include an aging population, increased focus on preventive healthcare, and rising demand for personalized medicine solutions.
Biote

Nasdaq:BTMD

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BTMD Stock Data

132.85M
23.67M
27.6%
65.16%
2.52%
Medical Care Facilities
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