ISun Expects FY23 Total Revenue Of $95M-$100M, Vs. $100.36M Estimate, Company Anticipates Improved Sequential Adjusted EBITDA In Q4
Portfolio Pulse from Benzinga Newsdesk
ISun Inc. forecasts its FY23 total revenue to be between $95M and $100M, which is slightly below the $100.36M estimate. The company also expects to see an improvement in its sequential adjusted EBITDA for Q4.
November 14, 2023 | 1:12 pm
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ISun Inc. anticipates FY23 revenues to fall short of estimates at $95M-$100M but expects improved Q4 adjusted EBITDA.
The projected revenue being slightly below estimates may lead to a negative perception among investors, potentially causing a short-term dip in stock price. However, the expectation of improved adjusted EBITDA for Q4 could mitigate some negative sentiment.
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