Akoustis Reiterates Current Guidance Of Quarterly Revenue For March Quarter With 18 To 25% Sequential Growth
Portfolio Pulse from Benzinga Newsdesk
Akoustis Technologies has reaffirmed its revenue guidance for the March quarter, expecting sequential growth of 18 to 25%. This reiteration suggests confidence in the company's revenue trajectory and may influence investor sentiment.
December 18, 2023 | 12:10 pm
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Akoustis Technologies confirms its previous revenue guidance for the March quarter, indicating a sequential growth of 18 to 25%, which reflects positively on the company's financial performance.
Reiterating revenue guidance, especially with a significant sequential growth projection, is typically viewed as a positive indicator by the market. It suggests that Akoustis is on track to meet or exceed its financial targets, which can lead to increased investor confidence and potentially a rise in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100