MDxHealth Raises FY24 Revenue From $83M-$85M To $85M-$87M Vs $84.048M
Portfolio Pulse from Benzinga Newsdesk
MDxHealth has raised its FY24 revenue guidance from $83M-$85M to $85M-$87M, compared to the previous estimate of $84.048M.
July 08, 2024 | 12:12 pm
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POSITIVE IMPACT
MDxHealth has increased its FY24 revenue guidance to $85M-$87M, up from the previous range of $83M-$85M, and above the prior estimate of $84.048M. This positive revision indicates strong business performance and could boost investor confidence.
The upward revision in revenue guidance suggests that MDxHealth is experiencing better-than-expected business performance. This is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100