OptiNose shares are trading higher after the company announced it expects its FY24 net product revenue to be between $85 million and $95 million. The company announced a $55 million registered direct offering.
Portfolio Pulse from Benzinga Newsdesk
OptiNose shares surged following the announcement of an expected FY24 net product revenue between $85 million and $95 million, alongside a $55 million registered direct offering.
May 09, 2024 | 4:36 pm
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OptiNose expects FY24 net product revenue to be between $85 million and $95 million, and announced a $55 million registered direct offering.
The positive revenue forecast for FY24 significantly exceeds current market expectations, indicating strong future performance and growth potential. The registered direct offering of $55 million likely aims to fund further development and operational needs, suggesting confidence from investors. Both announcements are likely to positively influence investor sentiment and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100