Scilex Holding Sees FY23 Revenue $46M-$52M Vs $44.07M Est.
Portfolio Pulse from Benzinga Newsdesk
Scilex Holding, which may be referred to by its ticker SCLX, has projected its FY23 revenue to be between $46 million and $52 million. This forecast surpasses the estimated revenue of $44.07 million.
January 08, 2024 | 2:09 pm
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Scilex Holding expects its FY23 revenue to range from $46M to $52M, exceeding the consensus estimate of $44.07M.
The projected revenue for Scilex Holding is higher than the market consensus estimate, which is a positive indicator for the company's financial performance and may lead to an optimistic investor sentiment in the short term. This could potentially result in an increase in the stock price as the market reacts to the positive guidance.
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IMPORTANCE 85
RELEVANCE 100