Nevro Sees FY24 Adj. EBITDA $(20M)-$(18M)
Portfolio Pulse from Benzinga Newsdesk
Nevro Corp. has projected its FY24 adjusted EBITDA to be between $(20M) and $(18M), indicating a negative outlook for the company's financial performance in the upcoming fiscal year.
August 06, 2024 | 9:27 pm
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NEGATIVE IMPACT
Nevro Corp. has projected its FY24 adjusted EBITDA to be between $(20M) and $(18M), indicating a negative outlook for the company's financial performance in the upcoming fiscal year.
The projected negative adjusted EBITDA for FY24 suggests that Nevro Corp. is expecting financial difficulties, which is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100