System1 Sees Q2 Revenue Of $88M-$90M, Est $90.298M
Portfolio Pulse from Benzinga Newsdesk
System1 anticipates Q2 revenue to be between $88M-$90M, slightly below the estimated $90.298M. The company also projects a gross profit of $20M-$22M, adjusted gross profit of $33M-$35M, and adjusted EBITDA of $5M-$7M.
May 09, 2024 | 9:21 pm
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NEGATIVE IMPACT
System1 expects Q2 revenue to fall slightly below analyst expectations, with projected gross and adjusted profits indicating financial performance within anticipated ranges.
The slight miss in revenue expectations compared to analyst estimates could lead to a short-term negative impact on SST's stock price. However, the detailed projections of gross profit and adjusted EBITDA within expected ranges might mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100