Near Intelligence Says The Company Is Also Withdrawing All Previously Issued Revenue And Adjusted EBITDA Guidance
Portfolio Pulse from Benzinga Newsdesk
Near Intelligence has announced that it is withdrawing all previously issued revenue and adjusted EBITDA guidance, according to Reuters.
October 05, 2023 | 8:41 pm
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NEGATIVE IMPACT
Near Intelligence's decision to withdraw its revenue and EBITDA guidance could lead to uncertainty among investors, potentially impacting the stock negatively in the short term.
Companies typically issue guidance to provide investors with an idea of what to expect in terms of future performance. When a company withdraws its guidance, it often signals uncertainty about future performance. This can lead to investor uncertainty, which can negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100