Lightning EMotors Sees FY23 Revenue $35M-$45M Vs $40.3M Est
Portfolio Pulse from Benzinga Newsdesk
Lightning eMotors has projected its FY23 revenue to be between $35M and $45M, which is lower than the estimated $40.3M.
August 14, 2023 | 8:28 pm
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Lightning eMotors, listed as ZEV, has projected its FY23 revenue to be lower than estimated, which could negatively impact its stock price.
Revenue forecasts are a key indicator of a company's future performance. A lower than expected forecast can indicate potential challenges in the company's operations or market conditions, which can negatively impact investor sentiment and lead to a decrease in the stock price.
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