News: BDT Birddog Technology Ltd Sees Improving Product Margins As Early As Q3 Fy24

Dec 21 (Reuters) - BirdDog Technology Ltd (BDT) :

• BIRDDOG TECHNOLOGY LTD SEES IMPROVING PRODUCT MARGINS AS EARLY AS Q3 FY24
• IMPLEMENTED INITIATIVES TO STREAMLINE OPERATIONAL EFFICIENCIES AND REDUCE EXPENDITURE, COMMENCING DEC 2023
• INITIATIVES INCLUDE REDUCTION IN FULL TIME EMPLOYEES BY 13 AND CO-WIDE MEASURES TO REDUCE ANNUAL OPERATIONAL EXPENDITURE
• IN AGGREGATE, CO ANTICIPATES COST IMPROVEMENT INITIATIVES TO RESULT IN AN ANNUALISED OVERHEAD SAVING OF MORE THAN A$2.0 MILLION
• CONFIDENT INITIATIVES WILL HAVE POSITIVE IMPACT ON REMAINDER OF CO'S FY24 PERFORMANCE
• EXPECTS PARTIAL BENEFITS TO BE EVIDENT DURING Q2 FY24 FROM INITIATIVES