Onterris Expects Q2 Revenue To Drop, Backs Annual Guidance

Onterris said it expects second-quarter revenue to decline, indicating near-term headwinds. The company also reaffirmed its full-year outlook, which helps offset the weaker quarterly signal. Overall, the update is modestly negative and likely more relevant to ONT shares than the broader market.

Analysis

Onterris said it expects second-quarter revenue to decline, indicating near-term headwinds. The company also reaffirmed its full-year outlook, which helps offset the weaker quarterly signal. Overall, the update is modestly negative and likely more relevant to ONT shares than the broader market.