Biote Sees FY23 Revenue $190M-$200M Vs $191.05M Est.
Portfolio Pulse from Benzinga Newsdesk
Biote has provided its financial outlook for FY23, expecting revenue to be between $190M-$200M, which is in line with the estimated $191.05M. The company also anticipates that its 2023 revenue and Adjusted EBITDA will likely be toward the lower end of the guidance range.
November 08, 2023 | 1:02 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Biote's FY23 revenue forecast is in line with estimates, which may not significantly impact the stock price. However, the company's expectation for 2023 revenue and Adjusted EBITDA to be at the lower end of the guidance range could potentially negatively affect investor sentiment.
While Biote's FY23 revenue forecast aligns with estimates, which is generally a positive sign, the company's expectation for 2023 revenue and Adjusted EBITDA to be at the lower end of the guidance range could be seen as a negative signal by investors. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100