Cepton Sees FY24 Revenue $15M-$25M Vs $20.267M Est.
Portfolio Pulse from Benzinga Newsdesk
Cepton projects its FY24 revenue to be in the range of $15M-$25M, which is below the estimated $20.267M.
May 13, 2024 | 8:58 pm
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Cepton's projected FY24 revenue range of $15M-$25M is below the analyst estimate of $20.267M, indicating potential challenges ahead.
The projected revenue range being below the estimated figure suggests that Cepton may face challenges in meeting market expectations, which could negatively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 90
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