Brief: Fingerprint Cards May Introduce Further Cost Cuts

Fingerprint Cards AB

15/08/2024 06:17

Aug 15 (Reuters) - Fingerprint Cards AB  FINGb.ST :
    * FINDING ADDITIONAL OPPORTUNITIES FOR COST OPTIMIZATIONS;
MAY
FURTHER REDUCE COSTS BEYOND INITIAL BASELINE TARGET IF NEEDED
    * DECREASE IN MOBILE REVENUE REPORTED IN Q2 WILL CONTINUE IN
THE
NEXT FEW QUARTERS AS  WE REFRESH OUR PORTFOLIO TO FOCUS ON
PROFITABLE AREAS
    * WITH  PERSONNEL COSTS ACCOUNTING FOR MOST OF OUR OPERATING
EXPENSES, THE SIGNIFICANT HEADCOUNT  REDUCTION WILL RESULT IN
MEANINGFUL COST SAVINGS IN THE LATTER HALF OF THE YEAR

Source text for Eikon:  ID:nGNEKbr7S 
Further company coverage:  FINGb.ST 

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