Brief: Birddog Technology Ltd Sees Improving Product Margins As Early As Q3 Fy24

BirdDog Technology

21/12/2023 01:01

Dec 21 (Reuters) - BirdDog Technology Ltd  BDT.AX :
    * BIRDDOG TECHNOLOGY LTD SEES IMPROVING PRODUCT MARGINS AS
EARLY
AS Q3 FY24
    * IMPLEMENTED INITIATIVES TO STREAMLINE OPERATIONAL
EFFICIENCIES
AND REDUCE EXPENDITURE, COMMENCING DEC 2023
    * INITIATIVES INCLUDE REDUCTION IN FULL TIME EMPLOYEES BY 13
AND
CO-WIDE MEASURES TO REDUCE ANNUAL OPERATIONAL EXPENDITURE
    * IN AGGREGATE, CO ANTICIPATES COST IMPROVEMENT INITIATIVES
TO
RESULT IN AN ANNUALISED OVERHEAD SAVING OF MORE THAN A$2.0
MILLION
    * CONFIDENT INITIATIVES WILL HAVE POSITIVE IMPACT ON
REMAINDER OF
CO'S FY24 PERFORMANCE
    * EXPECTS PARTIAL BENEFITS TO BE EVIDENT DURING Q2 FY24 FROM
INITIATIVES

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