Silvaco Group Expects FY24 Revenue Of $63.0M-$66.0M Vs $63.80M Est, Gross Bookings Of $64.0M-$68.0M
Portfolio Pulse from Benzinga Newsdesk
Silvaco Group expects FY24 revenue of $63.0M-$66.0M, representing a 16%-22% increase from 2023. Gross bookings are projected at $64.0M-$68.0M, a 10%-17% increase. Non-GAAP gross margin is expected to be 85%-87%, and non-GAAP operating income is forecasted at $8.0M-$11.0M, an 82%-150% increase.
June 20, 2024 | 11:38 am
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POSITIVE IMPACT
Silvaco Group has provided strong financial guidance for FY24, expecting significant increases in revenue, gross bookings, and non-GAAP operating income. This positive outlook is likely to boost investor confidence and support short-term stock price appreciation.
The projected increases in revenue, gross bookings, and non-GAAP operating income indicate strong business performance and growth potential. This positive financial outlook is likely to enhance investor sentiment and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100