Quanterix Cuts 2024 Revenue Guidance Range From $139M - $144M To $134M - $138M (Est $141.769M), Citing Constrained Capital Funding Environment
Portfolio Pulse from Benzinga Newsdesk
Quanterix has reduced its 2024 revenue guidance range from $139M-$144M to $134M-$138M, citing a constrained capital funding environment. The new estimate is below the consensus estimate of $141.769M.
August 08, 2024 | 9:28 pm
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Quanterix has lowered its 2024 revenue guidance to $134M-$138M, down from the previous range of $139M-$144M, due to a constrained capital funding environment. The new guidance is below the consensus estimate of $141.769M.
The reduction in revenue guidance indicates potential financial challenges and a constrained capital funding environment, which could negatively impact investor sentiment and the stock price in the short term.
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RELEVANCE 100