Brief: Medavail Announces Strategic Restructuring Of Business To Focus On Profitability

Medavail Holdings

19/01/2023 13:22

Jan 19 (Reuters) - MedAvail Holdings Inc  MDVL.O :
    * MEDAVAIL ANNOUNCES STRATEGIC RESTRUCTURING OF BUSINESS TO
FOCUS
ON PROFITABILITY
    * MEDAVAIL ANNOUNCES STRATEGIC RESTRUCTURING OF BUSINESS TO
FOCUS
ON PROFITABILITY
    * MEDAVAIL HOLDINGS INC- ANNUAL CASH BURN EXPECTED TO BE
REDUCED
BY GREATER THAN 65% IN 2023
    * MEDAVAIL HOLDINGS INC - ANNUAL CASH BURN EXPECTED TO BE
REDUCED
BY GREATER THAN 65% IN 2023
    * MEDAVAIL HOLDINGS INC - RESTRUCTURING TO FURTHER EXTEND
CAPITAL
RESOURCES
    * MEDAVAIL HOLDINGS INC - EXPLORING FINANCING OPTIONS IN
CONNECTION WITH BUSINESS TRANSITION
    * MEDAVAIL HOLDINGS INC- AFFIRMS ITS PREVIOUSLY ISSUED
GUIDANCE
FOR FULL YEAR 2022 REVENUE TO BE AT LEAST $42 MILLION
    * MEDAVAIL HOLDINGS INC - EXITING PHARMACY SERVICES AND
SPOTRX
BUSINESS
    * MEDAVAIL HOLDINGS INC - AFFIRMS ITS GUIDANCE OF 40 NEW NET
DISPENSING DEPLOYMENTS FOR FULL YEAR 2022
    * MEDAVAIL HOLDINGS INC - RESTRUCTURED CO WILL FOCUS ON
TECHNOLOGY
& PHARMACY MANAGEMENT INTEGRATIONS
    * MEDAVAIL HOLDINGS INC - COMPANY'S BUSINESS FOLLOWING EXIT
FROM
PHARMACY SERVICES BUSINESS WILL SOLELY CONSIST OF ITS PHARMACY
TECHNOLOGY BUSINESS

Source text for Eikon:  ID:nGNX1W57B2 
Further company coverage:  MDVL.O 
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