Intellinetics Reiterated FY23 Guidance That It Will Grow Revenues And Adjusted EBITDA On YoY Basis
Portfolio Pulse from Benzinga Newsdesk
Intellinetics has reiterated its FY23 guidance, stating that it expects to grow its revenues and adjusted EBITDA on a year-on-year basis.
August 14, 2023 | 8:26 pm
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Intellinetics' reaffirmation of its FY23 guidance could potentially boost investor confidence, leading to a positive impact on its stock price in the short term.
Companies often provide guidance to give investors an idea of what to expect in terms of future performance. When a company reaffirms its guidance, it suggests that the company is on track to meet its previously stated goals. This can boost investor confidence and potentially lead to an increase in the company's stock price.
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IMPORTANCE 80
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