Brief: XPON Technologies Remains Committed To Delivering Cash Flow Breakeven In FY24

XPON Technologies

10/05/2023 07:37

May 10 (Reuters) - XPON Technologies Group Ltd  XPN.AX :
    * REMAINS COMMITTED TO DELIVERING CASH FLOW BREAKEVEN IN
FY24
    * WILL STREAMLINE ITS STRUCTURE TO PRIMARILY ADDRESS IMPACT
OF
ECONOMIC CHALLENGES IN UK MARKET
    * ANTICIPATES ONE-OFF RESTRUCTURING COSTS WILL BE
APPROXIMATELY
A$0.6M TO BE INCURRED IN Q4 FY23
    * STREAMLINED STRUCTURE MAY RESULT IN A REDUCED HEADCOUNT OF
UP TO
38
    * ONE-OFF RESTRUCTURING COSTS WILL DELIVER ANNUAL SAVINGS UP
TO
A$3M
    * AUSTRALIAN BUSINESS PIPELINE REMAINS STRONG

Source text for Eikon:  ID:nASX6b15Gl 
Further company coverage:  XPN.AX 

 ((Reuters.Briefs@thomsonreuters.com;))