KORU Medical Systems Raises 2024 Guidance: Now Sees Revenue Of $32M-$32.5M (Prior $31.2M-$33.2M) Vs $31.754M Estimate; Expects Gross Margin Of 61%-62%
Portfolio Pulse from Benzinga Newsdesk
KORU Medical Systems has raised its 2024 revenue guidance to $32.0-$32.5 million, up from the previous range of $31.2-$33.2 million, and expects a gross margin of 61-62%. This represents a year-over-year growth of 12-14%.
August 08, 2024 | 7:20 am
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KORU Medical Systems has raised its 2024 revenue guidance to $32.0-$32.5 million and expects a gross margin of 61-62%, indicating a 12-14% year-over-year growth.
The raised revenue and gross margin guidance indicates strong financial performance and growth prospects for KORU Medical Systems, which is likely to positively impact the stock price in the short term.
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