Biote Sees FY23 Revenue $190M-$200M Vs $195.36M Est.
Portfolio Pulse from Happy Mohamed
Biote has revised its FY23 revenue forecast to $190M-$200M, which is lower than the previous estimate of $195.36M. The company attributes this to temporary inefficiencies from the realignment and expansion of sales geographies and evolving market dynamics. The company expects a slower growth pace in the second half of 2023.
August 10, 2023 | 8:33 pm
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Biote's revised FY23 revenue forecast is lower than the previous estimate, indicating potential challenges in the company's growth. This could impact investor sentiment and the company's stock price.
Biote's revised revenue forecast is lower than the previous estimate, which could be a sign of potential challenges in the company's growth. This could negatively impact investor sentiment and lead to a decrease in the company's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100