Valens Semiconductor Reaffirms Its FY23 Revenue Guidance Of $83.8M-$84.2M Vs. $83.97M Estimate; Adjusted EBITDA Loss Is Expected To Be $12.5M-$11.9M From Prior Outlook Of $16.2M-$15.6M
Portfolio Pulse from Benzinga Newsdesk
Valens Semiconductor has reaffirmed its FY23 revenue guidance of $83.8M-$84.2M, which is in line with the $83.97M estimate. The company also expects its adjusted EBITDA loss to be $12.5M-$11.9M, an improvement from the previous outlook of $16.2M-$15.6M.
November 08, 2023 | 11:12 am
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Valens Semiconductor's reaffirmed FY23 revenue guidance and improved EBITDA loss outlook could positively impact its stock price.
Valens Semiconductor's reaffirmed revenue guidance indicates that the company's financial performance is on track, which could boost investor confidence. Additionally, the improved EBITDA loss outlook suggests that the company is effectively managing its costs, which could further enhance its financial stability and appeal to investors.
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