Reports Q1 revenue $68.4M, consensus $72.04M. “First quarter financial results were in-line with our expectations and indicative of the temporary increase in costs and other factors we described last quarter, but not yet reflective of the performance-focused actions we are developing and implementing to improve operating efficiencies and financial performance. Through the decisive actions of our team, we were able to successfully complete a reduction in staffing levels and the sale of a non-core portion of our RWS business, both of which we expect will drive profitability improvements and more consistency in future financial results. We are committed to generating cash, increasing profitability and paying down debt, and we believe we are on course to deliver ongoing improvements going forward,” said Dan Friedberg, Chairman of the company’s Board of Directors.
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