Brief: Standard Biotools Announces Operational Restructuring Plan To Drive Long-Term Profitable Growth

Standard BioTools

25/04/2024 14:07

April 25 (Reuters) - Standard BioTools Inc  LAB.O :
    * STANDARD BIOTOOLS ANNOUNCES OPERATIONAL RESTRUCTURING PLAN
TO
DRIVE LONG-TERM PROFITABLE GROWTH
    * STANDARD BIOTOOLS INC: EXPECTS TO ACHIEVE $45-$50 MILLION
IN
ANNUALIZED OPERATING EXPENSE SAVINGS IN FISCAL 2025
    * STANDARD BIOTOOLS INC - PLANS $45-$50M SAVINGS IN 2025
    * STANDARD BIOTOOLS INC: IMPLEMENTED A REDUCTION OF
APPROXIMATELY
10% OF ITS TOTAL WORKFORCE
    * STANDARD BIOTOOLS INC - EXPECTS TO ACHIEVE $45-$50 MILLION
IN
ANNUALIZED OPERATING EXPENSE SAVINGS IN FISCAL 2025
    * STANDARD BIOTOOLS INC - ESTIMATES $10-11M REDUCTION COSTS
    * STANDARD BIOTOOLS INC - MAJORITY OF COST TAKEOUT TO OCCUR
IN
SECOND HALF OF 2024

Source text for Eikon:  ID:nGNX4ZjcHr 
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