BrainsWay Raises Lower End Of FY24 Revenue Guidance To Range Of $38.5M - $40M, Est $38.323M
Portfolio Pulse from Benzinga Newsdesk
BrainsWay has raised the lower end of its FY24 revenue guidance to a range of $38.5M - $40M, surpassing the estimated $38.323M. The company anticipates continued profitability and positive cash generation in the second half of 2024.
August 06, 2024 | 12:01 pm
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BrainsWay has raised its FY24 revenue guidance to $38.5M - $40M, above the estimated $38.323M. The company expects continued profitability and positive cash generation in the second half of 2024.
Raising revenue guidance above estimates is a positive indicator for the company's financial health. The expectation of continued profitability and positive cash flow further strengthens the outlook.
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