Sientra Reports Preliminary Unaudited Q3 2023 Financial Results And Provides Update On Outlook; Sees Revenue Of $19.2M-$19.7M Vs $24.25M Est.;
Portfolio Pulse from Benzinga Newsdesk
Sientra, Inc. (NASDAQ:SIEN) has reported preliminary unaudited financial results for Q3 2023, with expected revenue in the range of $19.2 million to $19.7 million, lower than the estimated $24.25 million. The company attributes the lower revenue to market softness and seasonal headwinds. Sientra has withdrawn its fiscal year 2023 guidance due to expected volatility in Q4. The company is exploring strategic alternatives to improve its balance sheet.
October 30, 2023 | 9:08 pm
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NEGATIVE IMPACT
Sientra's Q3 2023 revenue is expected to be lower than estimated, and the company has withdrawn its FY 2023 guidance. This could negatively impact investor confidence and the company's stock price.
Sientra's lower than expected Q3 2023 revenue indicates a potential slowdown in the company's growth. The withdrawal of its FY 2023 guidance suggests uncertainty about future performance. Both these factors could negatively impact investor sentiment and lead to a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100