Founder Jim Joyce To Step Down From His Role

Healthbeacon

26/09/2023 08:15

Sept 26 (Reuters) - Healthbeacon PLC  HBCN.I :
    * TRADING AND MANAGEMENT UPDATE, COMMERCIAL OUTLOOK
    * EXIT ANNUAL RECURRING REVENUE GUIDANCE FOR DECEMBER OF
2023 IS
APPROXIMATELY EUR 3.2M
    * REVISING ITS ARR GUIDANCE TO APPROXIMATELY EUR 17M BY END
OF Q4
2024
    * INITIATED A REVIEW OF FUNDING OPTIONS TO PROVIDE RESOURCES
TO
DELIVER FORECASTED GROWTH INTO 2024
    * TO ACHIEVE CASH BREAKEVEN AND SCALE AT PACE NOW EXPECTED,
SEES
GROSS FUNDING REQUIREMENT OF ABOUT EUR 11M OVER NEXT 18-24
MONTHS
    * CEO AND CO-FOUNDER JIM JOYCE IS TO STEP DOWN FROM HIS ROLE
    * REBECCA SHANAHAN WILL ASSUME ROLE OF CEO ON AN INTERIM
BASIS

Source text for Eikon:  ID:nRSZ6061Na 
Further company coverage:  HBCN.I 

 (Reuters.Briefs@thomsonreuters.com)