Streetbeat News

Revenues

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

CLAR

Clarus Corporation has revised its fiscal year 2023 outlook, now expecting sales of $364 million to $368 million, down from the previous estimate of $388.7 million. Adjusted EBITDA is expected to be between $33 million and $35 million. Capital expenditures are projected to be around $6 million, and free cash flow is expected to range between $20 and $22 million.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:58 am

HEAR

Turtle Beach (HEAR) has raised its FY23 Adjusted EBITDA outlook to $8M-$10M, up from the previous $6M-$8M range, due to better than expected performance and cost savings initiatives. The company expects to exit 2023 with a run rate Adjusted EBITDA in the range of $28M-$33M. Despite a 12% year-to-date decrease in the PC market, the company maintains its FY23 revenue outlook of $265M-$270M, a 10% YoY increase.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:57 am

INVE

Identiv has provided its Q4 2023 revenue guidance, expecting revenues in the range of $29 million to $31 million. This is lower than the estimated $34.13 million. The company has decided to move to quarterly revenue guidance going forward.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:55 am

AIP

Arteris has provided its Q4 and FY23 guidance, expecting Q4 revenue to be between $11.3M-$12.3M, lower than the estimated $14.39M. The company also anticipates FY23 revenue to be between $52.5M-$53.5M, which is less than the estimated $55.32M. The guidance includes forward-looking statements and actual results may differ materially.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:53 am

LPRO

Open Lending has issued its Q4 2023 outlook, expecting revenues to be between $25M-$29M, which is lower than the estimated $36.02M. The company also anticipates total certified loans to be between 22,000 - 26,000 and adjusted EBITDA to be between $11M-$14M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:51 am

CASA

Casa Systems has provided its financial outlook for the fiscal year 2023, expecting revenue to be between $205 million and $225 million.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:50 am