Brief: Semler Scientific Announces Appointment Of CFO

Semler Scientific

11/07/2023 13:07

July 11 (Reuters) - Semler Scientific Inc  SMLR.O :
    * SEMLER SCIENTIFIC ANNOUNCES APPOINTMENT OF CHIEF FINANCIAL
OFFICER, RECORD QUARTERLY REVENUES AND STRATEGIC STREAMLINING
    * SEMLER SCIENTIFIC INC - NAMES RENAE CORMIER AS CHIEF
FINANCIAL
OFFICER
    * SEMLER SCIENTIFIC INC - ANNOUNCED A STRATEGIC PLAN TO
STREAMLINE
OPERATIONS AND REDUCE EMPLOYEE HEADCOUNT BY APPROXIMATELY 30% BY
SEPTEMBER 15, 2023
    * SEMLER SCIENTIFIC - ESTIMATES THAT IT WILL INCUR SEVERANCE
COSTS
IN RANGE OF $0.7 MILLION TO $0.9 MILLION CONSISTING OF ONE-TIME
TERMINATION BENEFITS
    * SEMLER SCIENTIFIC INC - EXPECTS ITS REVENUES FOR Q2 ENDING
JUNE
30, 2023 WILL BE HIGHEST QUARTERLY REVENUES IN ITS HISTORY
    * SEMLER SCIENTIFIC - JOB CUTS RESULT IN REDUCTION IN
QUARTERLY
OPERATING EXPENSES OF ABOUT $1.5 MILLION TO $2.0 MILLION,
EXPECTED TO BE REALIZED DURING Q4

Source text for Eikon:  ID:nPn8MYfX9a 
Further company coverage:  SMLR.O 

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