Riskified Ltd Expects FY24 Revenue of $323M-$335M Vs $338.24M Est, Adj EBITDA of $10M-$17M
Portfolio Pulse from Benzinga Newsdesk
Riskified Ltd projects its FY24 revenue to be between $323M and $335M, which is below the estimated $338.24M. The company also forecasts an adjusted EBITDA of $10M to $17M for the same period.
March 05, 2024 | 11:49 am
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NEGATIVE IMPACT
Riskified Ltd expects FY24 revenue to fall short of estimates with a projection of $323M-$335M against a $338.24M expectation, and an adjusted EBITDA of $10M-$17M.
The projected revenue falling short of market expectations suggests a potential negative impact on investor sentiment and stock price in the short term. The forecasted adjusted EBITDA, while positive, may not fully mitigate concerns over the lower revenue projection.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100