Rockley Photonics Holdings Ltd (RKLYQ)

[prototype_101]

they didn't actually pull 2023 guidance just now, the fact is the only guidance 2023 and 2024 were given was back in March 2022 presentation which showed 2023 at $300+ million and 2024 at $1+ billion revenues, no subsequent presentation ever updated these numbers, so effectively guidance for 2023 and 2024 were "pulled" from EVERY subsequent presentation, they just never mentioned it along the way until now

from the conference call, it sounds like the MedTec revenues are going to be BETTER than originally planned, and the MedTec side of the business has MUCH higher margins! As Rickman stated, the consumer side is out of their control, so I'm guessing certain previously expected product rollouts are being delayed by certain consumer wearables companies, uh AAPL maybe? that would be a big one!