Satellogic Cuts FY23 Revenue Outlook From $30M-$50M To $10M-$20M; Says Do Not Expect To Launch Any Additional Satellites Until Q1 Of 2024
Portfolio Pulse from Benzinga Newsdesk
Satellogic has reduced its FY23 revenue forecast from $30M-$50M to $10M-$20M. The company also announced that it does not expect to launch any additional satellites until Q1 of 2024.
September 21, 2023 | 8:58 pm
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Satellogic's reduced revenue forecast and delayed satellite launches could negatively impact its stock price in the short term.
Satellogic's announcement of a significant reduction in its FY23 revenue forecast and a delay in satellite launches could lead to a decrease in investor confidence, potentially driving down the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100