Usio Cuts FY24 Revenue Growth Outlook From 10% – 12% To 3% – 7%, And EPS Expectations From $0.05 – $0.07 To $0.00 –$0.03, Est $0.06
Portfolio Pulse from Benzinga Newsdesk
Usio has revised its FY24 revenue growth outlook from 10%-12% to 3%-7% and adjusted its EPS expectations from $0.05-$0.07 to $0.00-$0.03. However, the company has raised its fiscal 2024 Adjusted EBITDA expectations to $4.25-$5.0 million due to anticipated improvements in gross margins.
August 14, 2024 | 8:49 pm
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NEGATIVE IMPACT
Usio has lowered its FY24 revenue growth and EPS expectations but raised its Adjusted EBITDA forecast due to expected improvements in gross margins.
The reduction in revenue growth and EPS expectations is likely to negatively impact investor sentiment in the short term. However, the raised Adjusted EBITDA forecast due to improved gross margins may provide some offsetting positive sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100