Dalrada Financial Corporation Announces $4.5 Million in Cost-Cutting Reductions to Accelerate Path to Profitability [Yahoo! Finance]
DALRADA FINCL CORP (DFCO)
Company Research
Source: Yahoo! Finance
SAN DIEGO, March 12, 2024 (GLOBE NEWSWIRE) -- Dalrada Financial Corporation (OTCQB: DFCO , “Dalrada,” “the Company”), announced today that it has taken a series of intensive initiatives to reduce costs and drive efficiency in order to accelerate a path to profitability. "As I have discussed in prior conversations with the public and our shareholders, our initial goal during fiscal 2024 was to cut costs by approximately $3 million and to reach profitability by the fourth quarter. I am happy to report that not only have we met our cost-cutting milestone, we've exceeded it, saving well over $4 million so far during the fiscal year. Now, we can be laser-focused on obtaining overall profitability," said Brian Bonar, Chief Executive Officer and Founder of Dalrada. During the first quarter alone of the 2024 calendar year, the Company has taken additional cost-cutting measures totaling approximately $2.8 million, ultimately reducing general and administrative (G&A) costs by $4.5 million
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DFCO
Sec Filings
- 4/8/24 - Form 4
- 4/3/24 - Form 8-K
- 3/13/24 - Form 8-K
- DFCO's page on the SEC website