Rapid Micro Biosystems Reports Preliminary Q4 FY23 Revenue Of $6.2M-$6.4M, Up 45% Y/Y Versus Consensus Of $6.25M
Portfolio Pulse from Benzinga Newsdesk
Rapid Micro Biosystems has reported preliminary Q4 FY23 revenue in the range of $6.2M-$6.4M, reflecting a 45% increase year-over-year, which is in line with the consensus estimate of $6.25M.
January 10, 2024 | 12:24 pm
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Rapid Micro Biosystems reported a 45% year-over-year increase in preliminary Q4 FY23 revenue, meeting the consensus estimates.
The reported preliminary revenue indicates a significant year-over-year growth, which is a positive sign for investors and could lead to a short-term positive impact on the stock price. The fact that the revenue is in line with consensus estimates suggests that the company is performing as expected, which may reinforce investor confidence.
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