The Real Good Food Company shares are trading lower after the company reported preliminary Q3 financial results and issued FY23 and Q4 Revenue guidance below estimates. Additionally, the company announced the commencement of a public offering.
Portfolio Pulse from Benzinga Newsdesk
The Real Good Food Company reported preliminary Q3 financial results and issued FY23 and Q4 Revenue guidance below estimates. The company also announced the commencement of a public offering, leading to a decrease in its share price.
October 11, 2023 | 4:10 pm
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The Real Good Food Company's shares are trading lower due to disappointing Q3 results and lower than expected revenue guidance for FY23 and Q4. The company also announced a public offering.
The Real Good Food Company's shares are trading lower due to the company's lower than expected Q3 results and FY23 and Q4 revenue guidance. This indicates that the company's financial performance is not meeting market expectations, which negatively impacts investor sentiment and share price. Additionally, the announcement of a public offering could dilute existing shares, further driving down the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100