Sonendo Sees Q3 Revenue $10.2M-$10.6M vs $12.07M Est., Sees FY23 Revenue $44M-$46M vs $48.32M Est.
Portfolio Pulse from Benzinga Newsdesk
Sonendo has projected its Q3 revenue to be between $10.2M and $10.6M, which is lower than the estimated $12.07M. The company also anticipates its FY23 revenue to be between $44M and $46M, falling short of the estimated $48.32M.
August 09, 2023 | 9:43 pm
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NEGATIVE IMPACT
Sonendo's lower than expected revenue projections for Q3 and FY23 could negatively impact its stock price.
Sonendo's projected revenues for Q3 and FY23 are lower than the market estimates. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100