Brief: Lumiradx Latest Cost Reduction Program Continues Progress Toward Operating Cash Flow Breakeven By The End Of 2023

LumiraDx

19/12/2022 21:55

Dec 19 (Reuters) - LumiraDx Ltd  LMDX.O :
    * LUMIRADX LATEST COST REDUCTION PROGRAM CONTINUES PROGRESS
TOWARD
 OPERATING CASH FLOW BREAKEVEN BY  THE END OF 2023
    * LUMIRADX LTD - MOST RECENT REDUCTIONS ARE EXPECTED TO
LOWER THE
COMPANY’S ANNUALIZED EXPENSES IN 2023 BY $20 MILLION
    * LUMIRADX LTD -  FULL BENEFIT OF THE COST REDUCTIONS IS
EXPECTED
BEFORE THE END OF THE FIRST QUARTER OF 2023

Further company coverage:  LMDX.O 
 ((Reuters.Briefs@thomsonreuters.com;))