RNO rhinomed limited
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News: RNO Rhinomed Says It Is Implementing Measures To Reduce Cash Burn, Including Reduction In...

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    24/10/23
    21:20
    Post #: 70515610

    Oct 24 (Reuters) - Rhinomed Ltd (RNO) :

    • COMPLETED A STRATEGIC REVIEW OF ITS OPERATIONS
    • IMMEDIATELY IMPLEMENTING A RANGE OF MEASURES TO REDUCE ITS OPERATING EXPENSES AND CASH BURN
    • EXPECTED UNAUDITED FY24 Q1 REVENUES OF A$2.23M
    • WILL SEEK TO ACHIEVE CASH FLOW BREAKEVEN IN SECOND HALF OF FY24
    • MEASURES INCLUDE REDUCTION IN HEADCOUNT REDUCTION IN MARKETING EXPENDITURE FOR FY24, AMONG OTHERS
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