Venus Concept Expects FY23 Revenue Of $80M-$82M Versus Prior Guidance Of $90M-$95M And Consensus Of $91.87M
Portfolio Pulse from Benzinga Newsdesk
Venus Concept has revised its FY23 revenue guidance to $80M-$82M, down from the previous estimate of $90M-$95M. This is also below the consensus estimate of $91.87M.
October 05, 2023 | 11:35 am
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NEGATIVE IMPACT
Venus Concept's lowered revenue guidance for FY23 is likely to negatively impact its stock price in the short term.
Venus Concept's revised revenue guidance is significantly lower than both its previous estimate and the consensus estimate. This suggests that the company's financial performance may not meet market expectations, which could lead to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100