Nogin Inc (fka NOGNQ)

[wickerman]

$NOGN forget news this stock is worth $10+ now.

The Company is providing the following financial outlook for full year 2023:

Net revenue between $70 and $75 million.

Non-GAAP revenue between $60 million and $65 million.

Nogin is also setting its financial forecast for full year 2024 for non-GAAP revenue and adjusted EBITDA margin. The Company expects:

Non-GAAP revenue growth to be greater than 40% compared to full year 2023.

Adjusted EBITDA margin to be greater than 10%.

The expected impact of the Company’s cost and performance improvement program for the full year 2023 is still anticipated to be between $15 million and $20 million, based on initiatives completed in the first quarter. Since the initiation of our program, we have continued to identify technology driven savings opportunities, including some that will be a function of recently implemented and in-process A.I. (Artificial Intelligence) technology deployment and development.


https://finance.yahoo.com/news/nogin-reports-first-quarter-2023-120000166.html