BrainsWay Reiterates FY24 Revenue Guidance Of $37M-$40M, Est $37.779M
Portfolio Pulse from Benzinga Newsdesk
BrainsWay has reaffirmed its FY24 revenue guidance, projecting revenues between $37M-$40M, indicating a 16% to 26% growth over its FY23 revenue. The company also expects to maintain its profitability momentum and positive cash generation throughout 2024.
May 08, 2024 | 11:52 am
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BrainsWay has confirmed its FY24 revenue forecast to be in the range of $37M-$40M, reflecting a significant growth from FY23 and expects continued profitability and positive cash flow.
Reiterating a positive revenue guidance, especially with a significant growth rate over the previous fiscal year, typically instills confidence in investors about the company's future performance and operational stability. This announcement is likely to have a positive impact on BrainsWay's stock price in the short term as it reflects growth, profitability, and positive cash flow expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100