TransAct Technologies Cuts FY24 Total Net Sales Outlook From $53M-$58M To $45M-$50M, Est $54.143M
Portfolio Pulse from Benzinga Newsdesk
TransAct Technologies has revised its FY24 total net sales forecast downwards from $53M-$58M to $45M-$50M, below the estimated $54.143M. Additionally, the company anticipates its full year 2024 total adjusted EBITDA to range between negative $2.5 million and negative $3.5 million.
May 07, 2024 | 12:13 pm
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TransAct Technologies has lowered its FY24 revenue projections and expects a negative adjusted EBITDA, indicating financial challenges ahead.
The downward revision of the FY24 revenue forecast and the expectation of a negative adjusted EBITDA are strong indicators of potential financial difficulties for TransAct Technologies. This news is likely to negatively impact investor sentiment and could lead to a decrease in the stock price in the short term.
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RELEVANCE 100