MARPAI INC. ANNOUNCES COST REDUCTION PROGRAM AND PROPERTY SUBLEASE [Yahoo! Finance]
Marpai, Inc. (MRAI)
Company Research
Source: Yahoo! Finance
Administration (TPA) company transforming the $22 billion TPA market supporting self-funded employer health plans with affordable, intelligent, healthcare, today announced the implementation of a comprehensive cost reduction program and the sublease of one of its properties. These initiatives are expected to generate $3 million in annual savings and position the Company for continued financial strength. The cost reduction program, meticulously developed by Marpai's leadership team, identifies and implements strategic measures to streamline operations and optimize expenditures. This program is anticipated to yield approximately $3 million in annual savings across various areas of the business. "We are committed to operational excellence and maximizing shareholder value," said Damien Lamendola , CEO of Marpai Inc. "This cost reduction program demonstrates our proactive approach to financial stewardship. By implementing these measures, we expect to enhance our path to profitability w
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News
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- Marpai, Inc. (NASDAQ:MRAI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- MARPAI REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS [Yahoo! Finance]Yahoo! Finance
- MARPAI REPORTS FIRST QUARTER 2024 FINANCIAL RESULTSPR Newswire
- MARPAI TO HOST WEBCAST ON MAY 10, 2024 TO DISCUSS FIRST QUARTER 2024 FINANCIAL RESULTS [Yahoo! Finance]Yahoo! Finance
MRAI
Analyst Actions
- 3/28/24 - Maxim Group
MRAI
Sec Filings
- 5/15/24 - Form 144
- 5/14/24 - Form 144
- 5/14/24 - Form 4
- MRAI's page on the SEC website