CORRECTION: Electriq Power Expects $1.3M In Sales For Q4, Reiterates 2024 Revenue Range Of $20M-$30M
Portfolio Pulse from Benzinga Newsdesk
Electriq Power, potentially referenced as ELIQ, has projected sales of $1.3 million for Q4. The company also reaffirmed its revenue forecast for 2024, expecting to generate between $20 million and $30 million.
January 11, 2024 | 1:27 pm
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Electriq Power anticipates $1.3M in sales for Q4 and reiterates its 2024 revenue projection of $20M-$30M.
The reaffirmation of Electriq Power's revenue forecast for 2024 and the expected Q4 sales are positive indicators of the company's growth trajectory. This news is likely to instill investor confidence and could lead to a short-term uptick in the stock price, given the positive sales outlook and reaffirmed revenue targets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100