Brief: Rezolve Now Expects $138 Million Improvement In 2022 Cash Burn Outlook, Maintains 2022 Revenue Assumption Of $219 Million

Evernorth Holdings

06/04/2022 12:36

April 6 (Reuters) - Armada Acquisition Corp I  AACI.O :
    * REZOLVE NOW EXPECTS $138 MILLION IMPROVEMENT IN 2022 CASH
BURN
OUTLOOK, MAINTAINS 2022 REVENUE ASSUMPTION OF $219 MILLION
    * REZOLVE - NOW ASSUMING AN EBITDA LOSS OF APPROXIMATELY $34
MILLION IN 2022, EXCLUDING ANY TRANSACTION FEES
    * REZOLVE - NOW EXPECTS TO REACH PROFITABILITY DURING Q3 OF
2023

Source text for Eikon:  ID:nGNX2nk8QX 
Further company coverage:  AACI.O 

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