Brief: Acutus Medical Sees FY Revenue $17.1 Mln To $17.3 Mln

Acutus Medical

19/01/2022 11:03

Jan 19 (Reuters) - Acutus Medical Inc  AFIB.O :
    * SEES Q4 REVENUE ABOUT $4.2 MILLION TO $4.4 MILLION
    * SEES FY REVENUE $17.1 MILLION TO $17.3 MILLION
    * WILL PRIORITIZE MAXIMIZING CONSOLE UTILIZATION AND
PROCEDURE
VOLUME GROWTH IN TARGETED GEOGRAPHIC REGIONS
    * UNDERTAKEN A PLANNED REDUCTION IN FORCE (RIF) AND IS
IMPLEMENTING ADDITIONAL COST REDUCTION MEASURES
    * ACTIONS ARE EXPECTED TO RESULT IN ANNUALIZED OPERATING
EXPENSE
SAVINGS OF $23-25 MILLION COMPARED TO 2021
    * OPERATING EXPENSE SAVINGS, WORKING CAPITAL IMPROVEMENTS
WILL
RESULT IN A 30-40% REDUCTION IN QTRLY CASH BURN EXITING 2022
VERSUS 2021
    * TO START REALIZING BENEFIT OF ITS RESTRUCTURING PLAN
STARTING
LATE IN Q1 OF 2022

Source text for Eikon:  ID:nGNX21kxwH 
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