Markforged Sees Prelim. Q3 Revenue ~$20M; Expects 2023 Revenue $90M-$95M, Which Is Below Low End Of Prior Range
Portfolio Pulse from Benzinga Newsdesk
Markforged has announced preliminary Q3 revenue of approximately $20M. The company also revised its 2023 revenue forecast to $90M-$95M, which is below the low end of its previous range.
October 23, 2023 | 8:34 pm
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NEGATIVE IMPACT
Markforged's lower than expected Q3 revenue and reduced 2023 revenue forecast could negatively impact its stock price.
Markforged's preliminary Q3 revenue is lower than expected, and the company has also reduced its 2023 revenue forecast. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100