Brief: Myomo Announces Initiative To Reduce Cash Burn

MYOMO

10/01/2023 21:18

Jan 10 (Reuters) - Myomo Inc  MYO.A :
    * MYOMO ANNOUNCES INITIATIVE TO REDUCE CASH BURN
    * MYOMO INC - UNDERTAKES A REDUCTION IN FORCE TO ENHANCE
EFFICIENCY IN ITS DIRECT BILLING CHANNEL
    * MYOMO INC - CURRENT ACTION AND OTHER COST REDUCTIONS BEING
UNDERTAKEN BY COMPANY ARE EXPECTED TO SAVE IN EXCESS OF $2
MILLION ON AN ANNUAL BASIS
    * MYOMO INC - ACTION TODAY INVOLVED ELIMINATION OF
APPROXIMATELY
12% OF ITS WORKFORCE
    * MYOMO INC - REDUCTION ACTIONS EXPECTED TO SAVE IN EXCESS
OF $2
MILLION ON AN ANNUAL BASIS
    * MYOMO INC -  REDUCTION INVOLVED ELIMINATION OF
APPROXIMATELY 12%
OF ITS WORKFORCE

Source text for Eikon:  ID:nBwVK1S9a 
Further company coverage:  MYO.A 
 ((Reuters.Briefs@thomsonreuters.com;))