Artivion Revises FY24 Revenue Guidance From 8%-12% To 9%-12% Y/Y Growth On Constant Currency Basis
Portfolio Pulse from Benzinga Newsdesk
Artivion has updated its FY24 revenue guidance to a growth range of 9%-12% on a constant currency basis, up from the previous 8%-12%. The revised revenue forecast is between $386 million and $396 million, slightly higher than the earlier range of $382 million to $396 million. The company also reaffirms its expectation for non-GAAP adjusted EBITDA to grow by 26%-34% in FY24, targeting $68 million to $72 million.
May 06, 2024 | 8:34 pm
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Artivion has raised its FY24 revenue growth forecast to 9%-12% from 8%-12%, with expected revenues now between $386 million and $396 million. The company also maintains its non-GAAP adjusted EBITDA growth projection at 26%-34%, targeting $68 million to $72 million.
Artivion's upward revision of its FY24 revenue guidance and reaffirmation of its EBITDA growth expectations are positive signals for investors, indicating stronger than anticipated financial performance and operational efficiency. This update is likely to instill confidence among investors, potentially leading to a positive short-term impact on AORT's stock price.
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