Rapid Micro Expects FY24 Total Revenue Of At Least $27M Vs. $28.29M Estimate, Including The Placement Of At Least 20 Systems
Portfolio Pulse from Benzinga Newsdesk
Rapid Micro (RPID) forecasts FY24 total revenue to be at least $27M, which is below the estimated $28.29M. The forecast includes the placement of at least 20 systems.
March 01, 2024 | 11:37 am
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NEGATIVE IMPACT
Rapid Micro (RPID) anticipates FY24 revenues of at least $27M, below the $28.29M expectation, with a minimum of 20 system placements.
The forecasted revenue being lower than the market estimate suggests potential underperformance, which could lead to negative investor sentiment and a decrease in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100