Brief: Motus GI Reports Q4 Loss Per Share $0.21
30/03/2020 22:57
March 30 (Reuters) - Motus GI Holdings Inc MOTS.O :
* MOTUS GI REPORTS FOURTH QUARTER AND YEAR END 2019
FINANCIAL
RESULTS AND PROVIDES CORPORATE UPDATE
* Q4 LOSS PER SHARE $0.21
* Q4 EARNINGS PER SHARE ESTIMATE $-0.21 -- REFINITIV IBES
DATA
* ANNOUNCED COST REDUCTION PLAN DUE TO UNPRECEDENTED MARKET
CONDITIONS RELATED TO COVID-19 PANDEMIC
* MOTUS GI - COST REDUCTION PROGRAM WILL INCLUDE MATERIAL
HEADCOUNT AND NON-LABOR RELATED EXPENSE REDUCTIONS IN BOTH ITS
ISRAEL AND U.S. OPERATIONS
* MOTUS GI - STRATEGIC REDUCTION IN DEPARTMENTAL,
PROJECT-RELATED
SPENDING TO MATERIALLY REDUCE 2020 INTERNALLY FORECASTED CASH
EXPENSE BY ABOUT 50%
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