Revenue UnderperformanceSales of $5.6MM were below the estimate of $6.5MM, indicating underperformance.
Valuation ConcernsThe price target for Allurion Technologies, Inc. has been significantly lowered to $6 from the previous $16, reflecting a recent contraction in small-cap valuations.
Workforce ReductionALUR's restructuring plan, which includes a 50% reduction in workforce, aims to realign its cost base with strategic priorities.