Arbe Reaffirmed Its FY23 Outlook, Sees Revenues Of $5M-$7M, Vs. $6.03M Est. And Adjusted EBITDA Of ($32M)-($35M)
Portfolio Pulse from Benzinga Newsdesk
Arbe has reaffirmed its FY23 outlook, projecting revenues of $5M-$7M, compared to the estimated $6.03M. The company also expects an adjusted EBITDA of ($32M)-($35M). The revenues will be heavily weighted towards the end of the year as Arbe plans to start shipping production chips.
August 09, 2023 | 11:00 am
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Arbe's reaffirmed FY23 outlook projects revenues of $5M-$7M, which is in line with the estimated $6.03M. The company also expects an adjusted EBITDA of ($32M)-($35M).
Arbe's reaffirmed FY23 outlook is in line with the current estimates, which suggests that the company's performance is as expected. This could maintain investor confidence, but the projected negative EBITDA indicates potential financial challenges, which could impact the stock price. However, the impact is neutral in the short term as the market has likely already factored in these projections.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100