KORU Medical Systems Sees FY24 Revenue $31.2M-$32.2M Vs $32.260M Est.
Portfolio Pulse from Benzinga Newsdesk
KORU Medical Systems projects its FY24 revenue to be in the range of $31.2M-$32.2M, which is slightly below the estimated $32.260M.
March 13, 2024 | 8:28 pm
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KORU Medical Systems' projected FY24 revenue falls short of the market estimate, indicating a potential negative impact on investor sentiment.
Revenue projections that fall short of market estimates can often lead to negative investor sentiment, potentially causing a short-term decline in stock price. Given that KRMD's forecast is below the estimated revenue, this could be viewed unfavorably by investors, impacting the stock negatively in the short term.
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