Dynavax Technologies Sees FY24 Net Product Revenue $265M-$280M Vs $290.628M Est.
Portfolio Pulse from Benzinga Newsdesk
Dynavax Technologies projects its FY24 net product revenue to be between $265M-$280M, which is below the estimated $290.628M.
February 22, 2024 | 9:38 pm
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NEGATIVE IMPACT
Dynavax Technologies projects lower-than-expected FY24 net product revenue, estimating between $265M-$280M versus the expected $290.628M.
The projected revenue for FY24 by Dynavax Technologies is below the market expectations, which could lead to negative investor sentiment and potentially decrease the stock price in the short term. The significant relevance and importance of this forecast to DVAX's financial performance justify the high confidence in the negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100