Brief: Assure Holdings Announces Cost Reduction Plan

Assure Holdings

09/02/2023 19:10

Feb 9 (Reuters) - Assure Holdings Corp  IONM.O :
    * ASSURE HOLDINGS ANNOUNCES COST REDUCTION PLAN TO
ACCELERATE PATH
TO PROFITABILITY
    * ASSURE HOLDINGS CORP SAYS PLAN IS EXPECTED TO REDUCE
OPERATING
COSTS BY MORE THAN $2.0 MILLION ON AN ANNUALIZED BASIS
    * ASSURE HOLDINGS CORP - REDUCTION IN SALARIES OF CURRENT
STAFF
AMOUNTING TO APPROXIMATELY $1.0 MILLION OF ANNUALIZED SAVINGS
    * ASSURE HOLDINGS CORP - REDUCTION IN HEAD COUNT RESULTING
IN
APPROXIMATELY $1.0 MILLION OF ANNUALIZED SALARY AND BENEFITS
SAVINGS
    * ASSURE HOLDINGS CORP - ANTICIPATES AN INCREASE OF MORE
THAN
$200,000 A MONTH IN REVENUE AND GROSS MARGIN DURING 2023

Source text for Eikon:  ID:nGNX86LBRv 
Further company coverage:  IONM.O 
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