AirSculpt Technologies Lowers FY24 Outlook: Sees Revenues Of $180M-$190M Vs. $209.32M Estimate (Prior View: $220M); Plans Five New Centers To Open In The Second Half Of 2024 (Prior View: Six New Centers)
Portfolio Pulse from Benzinga Newsdesk
AirSculpt Technologies has revised its FY24 outlook, lowering its revenue guidance to $180M-$190M from the previous $220M and reducing the number of new centers to be opened in the second half of 2024 from six to five.
August 09, 2024 | 10:24 am
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AirSculpt Technologies has lowered its FY24 revenue guidance to $180M-$190M from the previous $220M and plans to open five new centers instead of six.
The reduction in revenue guidance and the number of new centers indicates potential challenges in growth and profitability, likely leading to a negative short-term impact on the stock price.
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