Silvaco Cuts FY24 Revenue Outlook From $63M - $66M To $60M - $63M, Est $64.54M
Portfolio Pulse from Benzinga Newsdesk
Silvaco has revised its fiscal year 2024 revenue outlook downward, now expecting revenues between $60 million and $63 million, compared to the previous range of $63 million to $66 million. The estimated revenue was $64.54 million.
October 15, 2024 | 8:21 pm
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Silvaco has reduced its FY24 revenue forecast to $60M-$63M, down from $63M-$66M, which is below the estimated $64.54M.
The downward revision of Silvaco's revenue outlook suggests potential challenges in achieving previous growth expectations. This could lead to negative sentiment among investors, likely putting short-term pressure on the stock price.
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