Shopify Sees FY23 Revenue Growth Of Mid-Twenties Percent
Portfolio Pulse from Benzinga Newsdesk
Shopify expects its FY23 revenue to grow at a mid-twenties percentage rate year-over-year, driven by Q4 revenue growth in the high-teens. The company's Q4 gross margin is expected to be 300 to 400 basis points higher than the Q4 2022 gross margin of 46.0%. Q4 operating expenses are expected to decrease by a low-single-digit percentage rate compared to Q3 2023. The company also expects Q4 stock-based compensation to be approximately $100 million and capital expenditures to be approximately $45 million for the full year.
November 02, 2023 | 11:07 am
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POSITIVE IMPACT
Shopify's projected revenue growth and improved gross margin for FY23 could potentially boost investor confidence and positively impact the company's stock price in the short term.
The company's projected revenue growth and improved gross margin indicate a strong financial performance, which is likely to be viewed positively by investors. This could lead to increased demand for the company's stock, potentially driving up its price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100