Eightco Holdings Raises Revenue Guidance to $73M for FY23, Up From Prior $60M
Portfolio Pulse from Benzinga Newsdesk
Eightco Holdings Inc. (NASDAQ:OCTO) has raised its revenue guidance for FY23 to $73 million, up from the previous $60 million, representing a 20% increase. The revision is due to the successful implementation of strategic initiatives, including the Mobi-hub Funding joint venture.
June 21, 2023 | 11:33 am
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Eightco Holdings raises its FY23 revenue guidance to $73 million, a 20% increase from the previous $60 million, due to successful strategic initiatives like the Mobi-hub Funding joint venture.
The increase in revenue guidance is a positive signal for investors, as it shows that the company is performing well and capitalizing on market opportunities. The successful implementation of strategic initiatives, such as the Mobi-hub Funding joint venture, is driving this growth. This news is likely to have a positive impact on the stock price in the short term.
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