Bionano Cuts Prelim. Q3 Revenue Guidance From $7.9M-$8.9M To $6.5M-$6.8M
Portfolio Pulse from Benzinga Newsdesk
Bionano Genomics has revised its preliminary Q3 revenue guidance downwards from $7.9M-$8.9M to $6.5M-$6.8M, indicating potential challenges in meeting previous revenue expectations.
October 10, 2024 | 12:03 pm
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Bionano Genomics has reduced its Q3 revenue guidance, suggesting potential difficulties in achieving earlier revenue targets. This may impact investor confidence and stock performance.
The downward revision in revenue guidance indicates that Bionano Genomics is facing challenges in meeting its previous financial expectations. This is likely to negatively affect investor sentiment and could lead to a short-term decline in the stock price as investors reassess the company's growth prospects.
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