Brief: Bigtincan Says Cost Reduction Program, Modus Integration And Market Recognition

Bigtincan Holdings

15/09/2023 02:38

Sept 15 (Reuters) - Bigtincan Holdings  BTH.AX :
    * COST REDUCTION PROGRAM, MODUS INTEGRATION AND MARKET
RECOGNITION
    * COST REDUCTION PROGRAM TO REDUCE OPERATING EXPENDITURE BY
10%
    * PROGRESSION OF INTEGRATION OF MODUS ENGAGEMENT INC ADDS
MULTI-HUB OPPORTUNITIES FOR 1H FY24
    * SAW A MATERIAL INCREASE IN BOTH ADJUSTED EBITDA2 AND
EBITDA IN
FY23 WITH ADJUSTED EBITDA AT A$8.3M IMPROVING BY OVER 100%
VERSUS FY22
    * REDUCTION OF FULL TIME ROLES IN BUSINESS AND ADJUSTMENTS
IN
CONTRACTOR AND PROGRAM SPEND
    * REDUCTION OF FULL TIME ROLES WITH FOCUS ON NON-CUSTOMER
FACING
ROLES IN USA
    * COST REDUCTION PROGRAM WILL ENABLE FY23 CASH FLOW POSITIVE

Source text for Eikon:  ID:nASX8k3NbB 
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