ChromaDex Sees FY23 Revenue Growth At Least 15%
Portfolio Pulse from Benzinga Newsdesk
ChromaDex has projected a revenue growth of at least 15% for the fiscal year 2023.
August 09, 2023 | 9:41 pm
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POSITIVE IMPACT
ChromaDex's projected revenue growth of at least 15% for FY23 could potentially boost investor confidence and positively impact the company's stock price.
Revenue growth is a positive indicator of a company's financial health and can lead to increased investor confidence. This, in turn, can drive up the company's stock price. Given that ChromaDex is projecting a significant revenue growth for FY23, it is likely that this news will have a positive impact on its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100