Newegg Sees FY24 Revenue $1.36B-$1.56B
Portfolio Pulse from Benzinga Newsdesk
Newegg forecasts FY24 revenue between $1.36B-$1.56B, GMV $1.74B-$1.90B, gross profit $154.6M-$171.7M, net loss $42.8M-$51.7M, and adjusted EBITDA $(9.6)M-$0.2M. Annual report for FY23 to be filed on April 24, 2024.
April 24, 2024 | 1:05 pm
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Newegg anticipates FY24 revenue between $1.36B-$1.56B, with a net loss projected between $42.8M-$51.7M, and adjusted EBITDA ranging from $(9.6)M to $0.2M.
The forecasted revenue range indicates growth potential, but the projected net loss and narrow EBITDA range suggest financial challenges ahead. The impact on the stock price could be neutral as investors weigh the potential for revenue growth against the financial losses.
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IMPORTANCE 90
RELEVANCE 100