Dynatronics Reiterates FY24 Net Sales Outlook Of $34M-$37M, Vs Estimate Of 35M; Sees Selling, General, And Administrative Expenses Of 29%-33% In FY24
Portfolio Pulse from Benzinga Newsdesk
Dynatronics has reiterated its FY24 net sales outlook of $34M-$37M, which is in line with the estimate of $35M. The company also expects its selling, general, and administrative expenses to be between 29%-33% in FY24.
November 09, 2023 | 1:42 pm
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Dynatronics' FY24 net sales outlook aligns with the market estimate, which could stabilize investor confidence. However, the projected increase in administrative expenses could impact profitability.
Dynatronics' reiteration of its FY24 net sales outlook, which aligns with market estimates, could reassure investors about the company's performance and stabilize its stock price. However, the projected increase in selling, general, and administrative expenses could raise concerns about the company's profitability, potentially offsetting any positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100