Brief: Rhinomed Says It Is Implementing Measures To Reduce Cash Burn, Including Reduction In Headcount
24/10/2023 11:17
Oct 24 (Reuters) - Rhinomed Ltd RNO.AX :
* COMPLETED A STRATEGIC REVIEW OF ITS OPERATIONS
* IMMEDIATELY IMPLEMENTING A RANGE OF MEASURES TO REDUCE ITS
OPERATING EXPENSES AND CASH BURN
* EXPECTED UNAUDITED FY24 Q1 REVENUES OF A$2.23M
* WILL SEEK TO ACHIEVE CASH FLOW BREAKEVEN IN SECOND HALF OF
FY24
* MEASURES INCLUDE REDUCTION IN HEADCOUNT REDUCTION IN
MARKETING
EXPENDITURE FOR FY24, AMONG OTHERS
Source text for Eikon: ID:nASX9btH0J
Further company coverage: RNO.AX
((Reuters.Briefs@thomsonreuters.com;))
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