Nerdy Sees Q4 Revenue $54M-$56M Vs $60.92M Est. FY23 Revenue $192M-$194M Vs $198.02M Est.
Portfolio Pulse from Benzinga Newsdesk
Nerdy Inc. (NRDY) has provided its Q4 and FY23 revenue guidance, expecting Q4 revenue to be between $54M-$56M, and FY23 revenue to be between $192M-$194M. This represents a growth of 32% and 19% respectively compared to the previous year. The company also expects a non-GAAP adjusted EBITDA loss of approximately $6 million for the full year, a significant improvement from the $35.7 million loss in 2022.
November 08, 2023 | 1:13 am
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Nerdy Inc. expects a significant growth in its Q4 and FY23 revenue, and a substantial reduction in its non-GAAP adjusted EBITDA loss.
Nerdy Inc.'s projected revenue growth and reduced EBITDA loss indicate a positive financial outlook, which could potentially attract investors and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100