Streamline Health Reveals Receipt Of Termination Notice From A Legacy Client With An Effective Date Of December 31, 2023
Portfolio Pulse from Benzinga Newsdesk
Streamline Health has received a termination notice from a legacy client, which was contributing approximately $4.5 million in annualized revenue. As a result, the company is accelerating its restructuring initiatives and suspending previous guidance related to Booked SaaS ACV. Updates on future expectations will be provided with the release of its fiscal third quarter 2023 financial results.
October 16, 2023 | 11:10 am
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Streamline Health's loss of a major client, contributing $4.5 million in annualized revenue, could negatively impact its financial performance. The company is also suspending its previous guidance, indicating uncertainty about future performance.
The loss of a major client, which was contributing a significant amount to Streamline Health's annualized revenue, is likely to have a negative impact on the company's financial performance. The suspension of previous guidance also indicates uncertainty about the company's future performance, which could negatively affect investor sentiment and the stock price.
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