Silvaco Expects Q3 Total Unaudited Revenues To Be Approximately $11M, Est $16.08M
Portfolio Pulse from Benzinga Newsdesk
Silvaco announced that its Q3 2024 unaudited revenues are expected to be approximately $11 million, missing the estimated $16.08 million. A large order of $5 million, expected in Q3, was received in Q4 and will contribute to Q4 revenues.
October 15, 2024 | 8:18 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Silvaco's Q3 2024 revenues are expected to be $11 million, below the estimated $16.08 million. A $5 million order was delayed to Q4, affecting Q3 results but will boost Q4 revenues.
The shortfall in Q3 revenues compared to estimates is likely to negatively impact the stock price in the short term. However, the delayed $5 million order will contribute to Q4 revenues, potentially offsetting some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100