Wetouch Technology Inc. Sees Revenue Of $56.3M For FY24, Up 41% YoY
Portfolio Pulse from Benzinga Newsdesk
Wetouch Technology Inc. (NASDAQ:WETH) forecasts a 41% year-over-year revenue growth to $56.3 million for FY24, building on a strong FY23 performance with $39.70 million in revenue and $8.26 million in net income. The company attributes this growth to its commitment to innovation, customer satisfaction, and an expanding global client base.
April 22, 2024 | 2:01 pm
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Wetouch Technology Inc. anticipates a significant 41% revenue increase to $56.3 million for FY24, highlighting strong financial health and growth prospects.
The projected 41% revenue growth for Wetouch Technology Inc. in FY24 is a strong indicator of the company's financial health and growth trajectory. This positive outlook is likely to attract investor interest and potentially drive up the stock price in the short term. The company's focus on innovation, customer satisfaction, and global expansion further supports the potential for stock appreciation.
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IMPORTANCE 90
RELEVANCE 100