SOPHiA GENETICS sees FY24 Revenue $65M-$67M Vs 76.631M Est.
Portfolio Pulse from Benzinga Newsdesk
SOPHiA GENETICS has revised its FY24 revenue guidance to $65M-$67M, which is below the previous estimate of $76.631M.
August 06, 2024 | 11:16 am
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SOPHiA GENETICS has lowered its FY24 revenue guidance to $65M-$67M, which is significantly below the previous estimate of $76.631M. This revision may indicate potential challenges in the company's growth or market conditions.
The significant reduction in revenue guidance suggests that SOPHiA GENETICS may be facing challenges that could impact its financial performance. Investors may react negatively to this news, leading to a potential short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100