Brief: Neurometrix Q2 Revenue Fell 37% To $2.4 Million

NeuroMetrix

18/07/2019 12:09

July 18 (Reuters) - NeuroMetrix Inc  NURO.O :
    * NEUROMETRIX REPORTS Q2 2019 FINANCIAL RESULTS
    * Q2 REVENUE FELL 37 PERCENT TO $2.4 MILLION
    * NEUROMETRIX - RESTRUCTURING INVOLVED REDUCTION IN FORCE,
PLANS
TO CONSOLIDATE OPERATIONS IN A SINGLE LOCATION, AND WRITE DOWN
OF EXCESS INVENTORY
    * RESTRUCTURING CHARGE OF $2.3 MILLION WAS RECORDED TO COVER
ASSOCIATED COSTS
    * NEUROMETRIX - LADENBURG THALMANN & CO. INC RETAINED AS
FINANCIAL
ADVISOR TO EXPLORE STRATEGIC ALTERNATIVES, INCLUDING POTENTIAL
SALE OR MERGER OF CO
    * CASH AT JUNE 30, 2019 TOTALED $4.96 MILLION

Source text for Eikon:  ID:nGNXDRNPz 
Further company coverage:  NURO.O 

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