Axogen Reiterates FY24 Outlook: Expects Revenues To Grow Between $177M-$181M Vs. $179.51M Estimate, Which Represents A Growth Rate Of Approximately 11%-14%
Portfolio Pulse from Benzinga Newsdesk
Axogen has reaffirmed its fiscal year 2024 revenue outlook, projecting growth between $177 million and $181 million, aligning with an estimated $179.51 million. This forecast suggests an 11%-14% growth rate.
May 02, 2024 | 11:53 am
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Axogen reiterates its FY24 revenue outlook, expecting growth between $177M-$181M, which is in line with the $179.51M estimate, indicating an 11%-14% growth rate.
Axogen's reaffirmation of its revenue outlook for FY24, with expected growth rates of 11%-14%, is a positive signal to investors. This projection aligns closely with analyst estimates, suggesting confidence in the company's growth trajectory and operational stability. Such announcements typically bolster investor confidence, potentially leading to a positive short-term impact on the stock price.
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