Genasys Sees Full Year Revenues Down 15% Below Prior Year; Reducing Q4 2023 Revenue Outlook To Bet At Least $10M Vs $13.22M Est
Portfolio Pulse from Charles Gross
Genasys has revised its full-year revenue forecast downwards by 15% compared to the previous year. The company has also reduced its Q4 2023 revenue outlook to at least $10M, down from the estimated $13.22M.
September 18, 2023 | 11:11 am
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Genasys' downward revision of its full-year revenue and Q4 2023 revenue outlook could negatively impact its stock price in the short term.
Genasys' announcement of a downward revision in its full-year revenue and Q4 2023 revenue outlook is a negative signal to investors. This could lead to a sell-off of the company's shares, thereby driving down its stock price in the short term.
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