The company registered preliminary unaudited revenue for the first quarter of 2024 of $150 million to $152 million versus the estimate of $152.41 million. This represents year-over-year growth of 102% to 105%.
The company said preliminary total shipments are expected to be in the range of $235 million to $240 million, which would represent year-to-year growth of 163% to 169%.
ACM Research reaffirmed full year 2024 revenue outlook in the range of $650 million to $725 million versus $701.7 million, which would represent year-to-year growth of 17% to 30%.
ACMR Price Action: ACM Research shares are trading lower by 4.28% to $27.08 at publication Friday.
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