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Revenues

ENVX

Enovix Corporation (ENVX) expects Q4 2023 revenue to increase to between $3 million and $4 million, up from an estimated $530K, due to partial quarter from Routejade and continued shipments of silicon batteries for the U.S. Army program. The company also revised its operational cash use forecast for 2023 from $120 million to $110 million and CapEx forecast from $70 million to $65 million due to strategic realignment of Fab1 and timing of Gen2 equipment installation in Malaysia.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:39 am

ODD

Oddity Tech has raised its FY23 EPS from $1.11-$1.17 to $1.21-$1.23, and revenue from $475M-$480M to $493M-$497M. This is due to strong Q3 results, leading to higher revenue, profit margins, and earnings than previously expected. The company now expects year-over-year growth between 52% and 53%, gross margins of approximately 70.0%, and adjusted EBITDA between $104 million and $105 million.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:37 am

VCYT

Veracyte has increased its full-year 2023 total revenue guidance from $342M-$350M to $352M-$354M, representing a year-over-year growth of approximately 19%. This is an improvement compared to the prior guidance of $342M-$350M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:31 am

BMBL

Bumble has revised its Q4 2023 revenue forecast to $272M-$278M, lower than the estimated $286.56M. This includes a $6M lower foreign currency benefit and a $1M unfavorable impact from the Middle East crisis, primarily affecting Bumble App Revenue. Adjusted EBITDA is expected to be between $72M-$75M. The actual results may differ significantly due to various factors.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:30 am

NRDY

Nerdy Inc. (NRDY) has provided its Q4 and FY23 revenue guidance, expecting Q4 revenue to be between $54M-$56M, and FY23 revenue to be between $192M-$194M. This represents a growth of 32% and 19% respectively compared to the previous year. The company also expects a non-GAAP adjusted EBITDA loss of approximately $6 million for the full year, a significant improvement from the $35.7 million loss in 2022.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:13 am

OCUL

Ocular Therapeutix expects its DEXTENZA net product revenue guidance for FY23 to be at the upper end of the current $55M-$60M range.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:11 am

VTEX

VTEX, an ecommerce platform, has provided its Q4 2023 and FY23 revenue outlook, expecting to outperform estimates. The company anticipates Q4 revenue to be between $55M-$57M, compared to the estimated $54.86M, and FY23 revenue to be between $196M-$198M, surpassing the estimated $193.16M. The company attributes this to the resilience of its business model and its ability to adapt to changing market conditions.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:06 am

BTMD

Biote has provided its financial outlook for FY23, expecting revenue to be between $190M-$200M, which is in line with the estimated $191.05M. The company also anticipates that its 2023 revenue and Adjusted EBITDA will likely be toward the lower end of the guidance range.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:02 am

BBAI

BigBear.ai has projected its FY23 revenue to be between $155M and $170M, which is slightly lower than the estimated $165.29M. The company also expects a single-digit negative adjusted EBITDA. These projections are based on current expectations and may change due to various factors.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:01 am

ADTH

AdTheorent has provided its Q4 and full-year 2023 financial outlook. The company expects Q4 revenue to be in the range of $55M-$57M, which is slightly lower than the estimated $57.3M. The company's growth may continue to be impacted by macroeconomic factors such as inflation and recession fears. The company is unable to provide guidance for net income and Gross Profit due to unpredictability of certain elements like equity-based compensation.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:59 am