AdTheorent Sees Q4 Revenue $55M-$57M Vs $57.3M Est
Portfolio Pulse from Benzinga Newsdesk
AdTheorent has provided its Q4 and full-year 2023 financial outlook. The company expects Q4 revenue to be in the range of $55M-$57M, which is slightly lower than the estimated $57.3M. The company's growth may continue to be impacted by macroeconomic factors such as inflation and recession fears. The company is unable to provide guidance for net income and Gross Profit due to unpredictability of certain elements like equity-based compensation.
November 08, 2023 | 12:59 am
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AdTheorent's Q4 revenue forecast is slightly lower than the estimated $57.3M, which may negatively impact its stock price in the short term.
AdTheorent's Q4 revenue forecast is slightly lower than the estimated $57.3M. This lower than expected revenue forecast may lead to a negative sentiment among investors, potentially leading to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100