STRATA Skin Sciences Cuts 2023 Revenue Outlook From $38M-$40M To $35M-$38M, Est. $38.61M
Portfolio Pulse from Benzinga Newsdesk
STRATA Skin Sciences has reduced its 2023 revenue outlook from $38M-$40M to $35M-$38M, which is lower than the estimated $38.61M. The company attributes this adjustment to a slowdown in capital expenditure spending and macroeconomic factors impacting equipment sales.
August 09, 2023 | 9:51 pm
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STRATA Skin Sciences' lowered revenue outlook for 2023 could negatively impact its stock price in the short term.
STRATA Skin Sciences has lowered its 2023 revenue outlook, which is a key indicator of the company's future performance. This could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100