NanoString Technologies Narrows FY23 Revenue Guidance From $175M-$185M To $175M-$180M Vs $180.93M Est.
Portfolio Pulse from Benzinga Newsdesk
NanoString Technologies has revised its FY23 revenue guidance from $175M-$185M to $175M-$180M, lower than the estimated $180.93M. The company also adjusted its spatial biology revenue from $100-$105M to $96-$100M, and its nCounter revenue from $75-$80M to $79-$80M. The projected EBITDA loss has increased from $65-$75M to $80-$85M.
November 06, 2023 | 10:32 pm
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NanoString Technologies has lowered its FY23 revenue guidance, which may negatively impact investor sentiment and the company's stock price in the short term.
The company has lowered its revenue guidance for FY23, which indicates potential challenges in achieving its financial targets. This could lead to negative investor sentiment and a potential decrease in the company's stock price in the short term.
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