Biolase Shares Jump 27% After Upbeat 2024 Revenue Guidance

Dow Jones03-22

By Zaeem Shoaib

Shares of Biolase were higher Friday after the company provided guidance for an increase in revenue in 2024.

Biolase's shares were up 27% to 19.1 cents in recent trading. The stock has fallen almost 83% year to date.

Late Thursday, the dental laser technology company said it expects its full-year revenue to rise between 6% and 8%. In 2023, Biolase posted net revenue of $49.2 million, up 1%.

Write to Zaeem Shoaib at zaeem.shoaib@wsj.com

(END) Dow Jones Newswires

March 22, 2024 11:33 ET (15:33 GMT)

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