Danimer Scientific Sees FY23 Revenue $46.7M Vs $51.509M Est.
Portfolio Pulse from Benzinga Newsdesk
Danimer Scientific projects its FY23 revenue to be $46.7 million, which is below the estimated $51.509 million.
March 20, 2024 | 12:40 pm
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NEGATIVE IMPACT
Danimer Scientific's projected FY23 revenue of $46.7 million falls short of the estimated $51.509 million.
Revenue forecasts that fall short of market expectations typically lead to negative investor sentiment and can result in a decrease in stock price in the short term. Given that Danimer Scientific's projected revenue is significantly lower than the estimated figures, this could lead to a decrease in investor confidence and potentially impact the stock price negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100