LiqTech International Sees FY23 Revenue $19M-$21M Vs $20M Est. FY Gross Margin Range Of 15%-20%
Portfolio Pulse from Benzinga Newsdesk
LiqTech International has projected its FY23 revenue to be between $19M and $21M, which is in line with the $20M estimate. The company also expects a full year gross margin range of 15-20%.
November 09, 2023 | 1:10 pm
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NEUTRAL IMPACT
LiqTech's FY23 revenue forecast aligns with estimates, which could stabilize investor confidence. However, the gross margin range of 15-20% may be a concern if it's lower than previous years.
LiqTech's revenue forecast is in line with estimates, which could reassure investors about the company's performance. However, the gross margin range could be a concern if it indicates a decrease from previous years, potentially impacting the company's profitability and investor sentiment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100