Sight Sciences Reaffirms FY23 Revenue Guidance Of $80M-$82M; Est. $84.99M
Portfolio Pulse from Benzinga Newsdesk
Sight Sciences has reaffirmed its FY23 revenue guidance of $80M-$82M, which is lower than the estimated $84.99M. The company also expects to save approximately $7.9 million annually from workforce reductions. Updated expectations regarding its quarterly average adjusted operating expense guidance will be provided during its Q3 2023 earnings call.
October 17, 2023 | 8:14 pm
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Sight Sciences' reaffirmed FY23 revenue guidance is lower than estimates, which could negatively impact investor sentiment. However, the company's cost-saving measures through workforce reductions may be seen positively.
The reaffirmed FY23 revenue guidance is lower than the estimated $84.99M, which could lead to negative investor sentiment and potential downward pressure on the stock. However, the company's cost-saving measures through workforce reductions could offset some of these concerns, as it shows the company's efforts to improve its financial health.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100