NeuroPace Sees Prelim. Q4 Revenue $17.5M-$18M vs $15.79M Est., Sees Prelim. 2023 Revenue $64.9M-$65.4M vs $63.01M Est.
Portfolio Pulse from Benzinga Newsdesk
NeuroPace, Inc. has announced preliminary Q4 revenue of $17.5M-$18M, surpassing the $15.79M estimate. Additionally, the company forecasts 2023 revenue to be between $64.9M and $65.4M, which is also above the estimated $63.01M.
January 08, 2024 | 12:30 pm
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POSITIVE IMPACT
NeuroPace, Inc. reported preliminary Q4 revenues that exceeded expectations and provided a 2023 revenue forecast that is higher than analysts' estimates.
The positive preliminary Q4 revenue and the higher forecast for 2023 suggest that NeuroPace, Inc. is performing better than expected, which is likely to be viewed favorably by investors. This could lead to a short-term increase in the stock price as the market reacts to the positive financial news.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100