KORU Medical Systems Sees FY24 Revenue $31.2M-$33.2M Vs $38.6M Estimate
Portfolio Pulse from Benzinga Newsdesk
KORU Medical Systems projects its FY24 revenue to be between $31.2M and $33.2M, which is below the estimated $38.6M.
May 01, 2024 | 9:30 pm
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KORU Medical Systems anticipates its FY24 revenue to be significantly lower than the market estimate, expecting to achieve between $31.2M and $33.2M compared to the anticipated $38.6M.
The projected revenue shortfall for KORU Medical Systems in FY24 is significant, indicating potential challenges in the company's operations or market conditions. This news is likely to negatively impact investor sentiment and could lead to a decrease in the stock price in the short term, as it falls short of market expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100