Upstart Expects Q4 Revenue Of $135M, Adjusted Net Income Of $(14)M
Portfolio Pulse from Benzinga Newsdesk
Upstart, a cloud-based artificial intelligence lending platform, has projected its Q4 revenue to be $135 million and adjusted net income to be a loss of $14 million.
November 07, 2023 | 9:23 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Upstart's projected Q4 revenue is $135 million with an adjusted net income loss of $14 million.
The projected revenue and net income figures are key indicators of Upstart's financial performance. While the revenue projection is positive, the expected net income loss may concern investors. However, it's not uncommon for growing tech companies to report net losses as they invest in growth. The impact on the stock price could be neutral in the short term as the market digests this mixed news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100