System1 Sees Q3 2024 Revenue $86M-$88M Vs $89.19M Estimate; Sees Adj. EBITDA $8M-$10M
Portfolio Pulse from Benzinga Newsdesk
System1 has provided its Q3 2024 revenue guidance, expecting $86M-$88M, which is below the $89.19M estimate. The company also anticipates adjusted EBITDA to be between $8M and $10M.
August 08, 2024 | 9:26 pm
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System1 has issued Q3 2024 revenue guidance of $86M-$88M, which is below the market estimate of $89.19M. The company also expects adjusted EBITDA to be between $8M and $10M.
The revenue guidance provided by System1 is below market expectations, which is likely to negatively impact the stock price in the short term. Additionally, the adjusted EBITDA range indicates potential profitability concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100