Dropbox Says A $28.1M Termination Payment Paid In Q4 Was Not Previously Factored Into Co's FY Free Cash Flow Guidance Range Of $820M-$840M
Portfolio Pulse from Benzinga Newsdesk
Dropbox Inc. has entered into a lease amendment for its corporate headquarters, surrendering 165,244 square feet of office space and paying $79.0 million in termination payments. The termination payment of $28.1 million paid in Q4 2023 was not previously factored into the company's full-year free cash flow guidance range of $820 million to $840 million.
October 20, 2023 | 8:09 pm
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Dropbox's lease amendment and termination payment of $28.1 million in Q4 2023, which was not included in the company's free cash flow guidance, could potentially impact the company's financial performance.
The termination payment of $28.1 million, which was not previously factored into Dropbox's free cash flow guidance, could potentially lead to a decrease in the company's financial performance. This could negatively impact the company's stock price in the short term.
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