Identiv Currently Expects Q1'2024 Net Revenues Of $22M-$24M (Est $26.767M), With Normal Seasonality Expected To Continue
Portfolio Pulse from Benzinga Newsdesk
Identiv forecasts Q1'2024 net revenues to be between $22M-$24M, below the estimated $26.767M. The company anticipates normal seasonality to continue.
March 12, 2024 | 8:43 pm
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Identiv's Q1'2024 revenue forecast falls short of expectations, projecting $22M-$24M against an estimate of $26.767M.
Identiv's lower-than-expected revenue forecast for Q1'2024 suggests potential challenges in meeting market expectations, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100