Silvaco Group Reports Preliminary Q3 Revenue, Cuts FY Sales Outlook; Shares Fall After Hours-February 2024-www.financetom.com

Silvaco Group Reports Preliminary Q3 Revenue, Cuts FY Sales Outlook; Shares Fall After Hours

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Silvaco Group Reports Preliminary Q3 Revenue, Cuts FY Sales Outlook; Shares Fall After Hours

Oct 17, 2024 1:08 PM

05:30 PM EDT, 10/15/2024 (MT Newswires) -- Silvaco Group ( SVCO ) said late Tuesday that preliminary data show Q3 unaudited revenue of $11 million.

Analysts polled by Capital IQ expect $16.1 million.

The Q3 sales figure excludes an order of $5 million, which was received in the first week of Q4.

Silvaco ( SVCO ) cut 2024 revenue guidance to a range of $60 million to $63 million from $63 million to $66 million.

Analysts polled by Capital IQ expect $64.5 million.

Shares of the company slumped 9.6% in after-hours activity.

Price: 10.00, Change: -1.06, Percent Change: -9.58

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