Brief: Castellum Inc Announces More Aggressive Cost Reduction Plan; Comments On Stock Trading Price

Castellum

14/06/2023 11:46

June 14 (Reuters) - Castellum Inc  CTM.A :
    * CASTELLUM, INC. ANNOUNCES MORE AGGRESSIVE COST REDUCTION
PLAN;
COMMENTS ON STOCK TRADING PRICE
    * CASTELLUM INC: CHANGES SHOULD LEAD TO SIGNIFICANTLY
IMPROVED
PROFITABILITY IN Q3 OF THIS YEAR
    * CASTELLUM INC - INCREASED ITS TARGETED COST REDUCTIONS TO
$8.2
MILLION FROM PREVIOUSLY ANNOUNCED $6 MILLION PER YEAR
    * CASTELLUM INC: WILL CONTINUE TO PURSUE ACCRETIVE
ACQUISITIONS
    * CASTELLUM INC - STARTED TO MAKE SOME OF PLANNED CUTS AND
EXPECTS
TO MAKE REMAINING CHANGES OVER NEXT 45 DAYS TO IMPROVE
PROFITABILITY OF COMPANY

Source text for Eikon:  ID:nGNX7ZNlx6 
Further company coverage:  CTM.A