Upland Software Revises FY24 Reported Total Revenue Guidance From $264.7M - $282.7M To $269.6M - $281.6M, Est $273.85M
Portfolio Pulse from Benzinga Newsdesk
Upland Software has revised its FY24 revenue guidance to $269.6M - $281.6M, with an estimated $273.85M. The adjusted EBITDA is expected to be between $52.6M and $58.6M, reflecting a 14% decline from the previous year.
August 01, 2024 | 9:38 pm
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Upland Software has revised its FY24 revenue guidance to a range of $269.6M - $281.6M, with an estimated midpoint of $273.85M. The adjusted EBITDA is expected to be between $52.6M and $58.6M, indicating a 14% decline from the previous year.
The revision in revenue guidance is relatively minor, but the expected 14% decline in adjusted EBITDA is significant. This could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100