Venus Concept Expects Preliminary Q3 Revenue Of $17M-$18M Versus $21.5M A Year Ago; The Company Also Announces Debt Restructuring
Portfolio Pulse from Benzinga Newsdesk
Venus Concept has announced its preliminary Q3 revenue to be between $17M-$18M, a decrease from $21.5M a year ago. The company also announced a debt restructuring plan.
October 05, 2023 | 11:33 am
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Venus Concept's lower Q3 revenue and debt restructuring announcement may impact its stock negatively in the short term.
Venus Concept's lower than previous year's Q3 revenue indicates a decrease in the company's profitability. Additionally, the announcement of a debt restructuring plan may be perceived by investors as a sign of financial instability, potentially leading to a decrease in the company's stock price.
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