Superior Drilling Products Revised Outlook: FY23 Revenue $22M - $24M From $24M - $27M Vs. $25.03M Est.
Portfolio Pulse from Benzinga Newsdesk
Superior Drilling Products has revised its FY23 revenue outlook to $22M - $24M, down from the previous $24M - $27M. The adjusted EBITDA outlook was also revised to $5.5 million to $6.5 million from $6.5 million to $7.5 million.
August 14, 2023 | 10:38 am
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Superior Drilling Products has lowered its FY23 revenue and EBITDA outlook, which may negatively impact investor sentiment.
The company has revised its FY23 revenue and EBITDA outlook downwards. This could be perceived negatively by investors, potentially leading to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100