Cadre Sees FY24 Revenue $571M-$582M Vs $569.94M Est.
Portfolio Pulse from Benzinga Newsdesk
Cadre has updated its FY24 revenue guidance to $571M-$582M, slightly above the previous estimate of $569.94M, following a cyber incident in July 2024. The company has contained the incident and is resuming operations. Adjusted EBITDA is expected to be $103M-$109M, with capital expenditures of $7M-$9M.
August 09, 2024 | 8:21 pm
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Cadre has updated its FY24 revenue guidance to $571M-$582M, slightly above the previous estimate of $569.94M, following a cyber incident in July 2024. The company has contained the incident and is resuming operations. Adjusted EBITDA is expected to be $103M-$109M, with capital expenditures of $7M-$9M.
The updated revenue guidance is slightly above the previous estimate, indicating resilience despite the cyber incident. The containment of the incident and resumption of operations are positive signs for investors.
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