Brief: Polarityte Provides Corporate Update Related To Covid-19 And Announces Preliminary First Quarter Results

RegenETP,

21/04/2020 13:39

April 21 (Reuters) - PolarityTE Inc  PTE.O :
    * POLARITYTE PROVIDES CORPORATE UPDATE RELATED TO COVID-19
AND
ANNOUNCES PRELIMINARY FIRST QUARTER RESULTS
    * POLARITYTE INC - REDUCING PAYROLL EXPENSE
    * POLARITYTE INC - REDUCING DISCRETIONARY SPEND ACROSS
ORGANIZATION TO MINIMAL LEVELS
    * POLARITYTE INC - ADOPTED A 10% SALARY AND WAGE REDUCTION
FOR
AT-WILL EMPLOYEES AND KEY EXECUTIVES EFFECTIVE APRIL 19
    * POLARITYTE INC - ESTIMATES Q1 2020 SKINTE REVENUE TO BE IN
RANGE
OF $350,000 TO $450,000
    * POLARITYTE - SEES CONTINUED POSTPONEMENT OF ELECTIVE
PROCEDURES
THROUGH Q2 BUT EXPECTS A GRADUAL RECOVERY & IMPROVEMENT IN H2
2020

Source text for Eikon:  ID:nBw5J1SJWa 
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 ((Reuters.Briefs@thomsonreuters.com;))