23 and Me fiscal 2024 revenue outlook misses consensus

• 23 and Me (NASDAQ:ME) is projecting fiscal year 2024 (ending March 31, 2024) revenue of $255M to $280M, below the consensus estimate of $304.64M.
• Net loss is expected to be $340M-$365M.
• For fiscal 2023, 23 and Me (ME) had $299M in revenue and a $312M loss.
• However, the company beat on the top and bottom lines in its FY 2023 Q4 results.
• In the quarter, 23 and Me's (ME) net loss narrowed ~8% to $64.1M compared to the prior-year period.
• The company ended FY 2023 with cash and cash equivalents of $387M, a 30% drop from the end of FY 2022.

More on 23 and Me

• 23andMe Holding: At Risk Of Becoming Irrelevant

• 23andMe Looking Promising For The Long Term