Digirad Announces Updates on its Key Growth and Value Enhancement Initiatives
DIGIRAD (DRAD)
Last digirad earnings: 11/3 06:00 am
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US:NASDAQ Investor Relations:
drad.client.shareholder.com
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Source: GlobeNewswire
SUWANEE, Ga., April 30, 2020 (GLOBE NEWSWIRE) -- Digirad Corporation (Nasdaq: DRAD; DRADP) (“Digirad” or the “Company”) announced today updates on its growth and value enhancement initiatives. These initiatives include expansion of commercial projects in its “Building & Construction” division, an improved environment for acquisitions, and potential divestitures of non-strategic assets. Building & Construction Division Growth Initiatives As announced previously, the Company’s 2020 growth strategy for its Building & Construction division is primarily to expand its commercial construction business in New England. KBS Builders, Inc. (“KBS”), the modular building manufacturing business of the Company’s Building & Construction division based in Maine, is currently involved in multiple discussions for various large commercial construction projects for the New England market. Even if just a few of these are awarded, we believe that they will require a significantly higher utilization r
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