MDR medadvisor limited
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News: MDR Medadvisor Says Completed Strategic Review Of Its Operations

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    22/06/23
    11:10
    Post #: 68414824

    June 22 (Reuters) - Medadvisor Ltd (MDR) :

    • COMPLETED A STRATEGIC REVIEW OF ITS OPERATIONS
    • FY23 REVENUE EXPECTED TO BE IN RANGE OF A$95 MILLION TO A$97 MILLION
    • PLANS TO REDUCE ITS AUSTRALIAN HEADCOUNT BY APPROXIMATELY 20% BY END OF JUNE 2023
    • FY 23 EBITDA LOSS EXPECTED TO BE IN RANGE A$3.5 MILLION TO A$3.0 MILLION
    • REDUCTION IN HEADCOUNT UNDERPINS ANNUAL COST SAVINGS OF CIRCA A$2 MILLION FOR FY24
    • HAS POSITIONED ITSELF FOR PROFITABILITY IN FY24
    • COMPANY'S CURRENT US PIPELINE IS MATERIALLY ABOVE PREVIOUS CORRESPONDING PERIOD
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