The Real Good Food Co Sees FY23 Revenue $185M-$194M Vs $202.35M Est.; FY24 Revenue $245M Vs $245.81M Est.; Expects To Reach Positive Operating Cash Flow Beginning In Q4 Of 2023; Sees Q4 Revenue $65M-$72M Vs $74.48M Est.
Portfolio Pulse from Benzinga Newsdesk
The Real Good Food Co has provided its financial outlook, expecting FY23 revenue to be between $185M-$194M, lower than the estimated $202.35M. The company also anticipates FY24 revenue to be around $245M, slightly below the $245.81M estimate. Positive operating cash flow is expected to begin in Q4 of 2023. Q4 revenue is projected to be between $65M-$72M, less than the $74.48M estimate.
October 10, 2023 | 8:10 pm
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NEGATIVE IMPACT
The Real Good Food Co's lower than expected revenue forecasts for FY23, FY24, and Q4 could negatively impact its stock price in the short term.
The company's revenue forecasts for FY23, FY24, and Q4 are lower than estimates. This could lead to a negative sentiment among investors, potentially causing a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100