Conformis Announces Strategic Actions to Reach Profitability and Reduce Debt
Conformis, Inc. (CFMS)
Last conformis, inc. earnings: 3/3 04:01 pm
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US:NASDAQ Investor Relations:
ir.conformis.com
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Source: GlobeNewswire
Optimize sales, marketing and administrative expense to take advantage of recently achieved gross margin & operational efficienciesSharpen focus on new product development by prioritizing product segments with higher growth opportunitiesContinue opportunistic international expansionStreamline personnel to create a more focused organization, resulting in a headcount reduction of approximately 10% of total workforceReduction and restructuring of existing loan agreement to reduce interest expense and cash needs BILLERICA, Mass., Dec. 13, 2018 (GLOBE NEWSWIRE) -- Conformis, Inc. (NASDAQ:CFMS), a medical technology company that uses its proprietary iFit Image-to-Implant technology platform to develop, manufacture and sell joint replacement implants designed to fit each patient’s unique anatomy, today announced it is implementing steps to improve its overall business model, including the prioritization of certain product development opportunities, cost reduction initiatives with the opti
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