Riskified Ltd. (NYSE: RSKD) Boosts FY23 Revenue Guidance To $298M-$303M, Versus $300.57M Consensus (Prior View: $297M-$303M)
Portfolio Pulse from Benzinga Newsdesk
Riskified Ltd. (NYSE: RSKD) has increased its FY23 revenue guidance to $298M-$303M, compared to the consensus of $300.57M. The company also expects its adjusted EBITDA to be between negative $17 million and negative $12 million.
August 15, 2023 | 11:01 am
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Riskified Ltd. (RSKD) has raised its FY23 revenue guidance, which could be seen as a positive sign by investors. However, the company also expects a negative adjusted EBITDA, indicating potential financial difficulties.
The increase in revenue guidance could be seen as a positive sign by investors, indicating that the company expects to perform better than previously anticipated. This could potentially lead to an increase in the stock price. However, the expected negative EBITDA could be a cause for concern, as it indicates that the company may be facing financial difficulties. This could potentially lead to a decrease in the stock price. Therefore, the overall impact on the stock price is uncertain.
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