Sight Sciences Narrows FY24 Revenue Guidance From $81M - $85M To $81M - $83M, Est $83.832M
Portfolio Pulse from Benzinga Newsdesk
Sight Sciences narrows its FY24 revenue guidance from $81M-$85M to $81M-$83M, below the estimated $83.832M. The company also expects dry eye revenue for FY24 to be less than $3M. Additionally, it narrows guidance for adjusted operating expenses to $107M-$109M, a slight decrease from 2023.
August 01, 2024 | 9:12 pm
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Sight Sciences narrows its FY24 revenue guidance to $81M-$83M, below the estimated $83.832M. The company also expects dry eye revenue for FY24 to be less than $3M. Additionally, it narrows guidance for adjusted operating expenses to $107M-$109M, a slight decrease from 2023.
The narrowing of revenue guidance to a range below the estimated $83.832M and the lower expected dry eye revenue are likely to negatively impact investor sentiment. The slight decrease in adjusted operating expenses is a minor positive but not enough to offset the revenue concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100