SI-BONE Sees FY24 Revenue $165M-$167M Vs $165M Estimate
Portfolio Pulse from Benzinga Newsdesk
SI-BONE has updated its 2024 worldwide revenue guidance to a range of $165 million to $167 million, up from the previous guidance of $164 million to $166 million. This represents a growth of approximately 19% to 20% compared to 2023. The company also expects to be Adjusted EBITDA positive in the fourth quarter of 2024.
August 05, 2024 | 8:57 pm
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SI-BONE has increased its 2024 revenue guidance to $165 million to $167 million, indicating a growth of 19% to 20% compared to 2023. The company also expects to be Adjusted EBITDA positive in Q4 2024.
The updated revenue guidance and the expectation of being Adjusted EBITDA positive in Q4 2024 are positive indicators for SI-BONE's financial health and growth prospects. This is likely to have a positive short-term impact on the stock price.
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