Sarcos Withdraws Prior Full Year Revenue Guidance; Reports Q2 Preliminary Revenue Of $1.3M
Portfolio Pulse from Benzinga Newsdesk
Sarcos Technology and Robotics Corporation (STRC) has withdrawn its full-year revenue guidance and reported preliminary Q2 revenue of $1.3 million.
July 12, 2023 | 8:11 pm
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Sarcos (STRC) has withdrawn its full-year revenue guidance, which may indicate uncertainty about future earnings. The company also reported a Q2 revenue of $1.3 million.
The withdrawal of full-year revenue guidance by Sarcos (STRC) could be seen as a sign of uncertainty about the company's future earnings, which could negatively impact investor sentiment and the stock price in the short term. The reported Q2 revenue of $1.3 million is a concrete figure that could also influence the stock's performance.
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