Vericel Revises FY23 Revenue Guidence To $190M-$197M From $184M-$192M Vs $190.29M Est.
Portfolio Pulse from Happy Mohamed
Vericel has revised its FY23 revenue guidance upwards from $184M-$192M to $190M-$197M. The company maintains its profitability guidance of gross margin in the high-60% range and adjusted EBITDA margin in the mid-teens % range.
August 04, 2023 | 11:04 am
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POSITIVE IMPACT
Vericel's upward revision of its FY23 revenue guidance could positively impact its stock in the short term.
Companies often see a positive reaction in their stock price when they raise their revenue guidance, as it signals stronger than expected performance. Vericel's announcement could therefore lead to increased investor confidence and a short-term boost in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100