BRIEF-Surgalign Provides Update On Corporate Restructuring Initiatives And Confirms Its Prior 2022 Revenue Guidance

Reuters

06 Mar 2023

March 6 (Reuters) - Surgalign Holdings Inc :

* SURGALIGN PROVIDES UPDATE ON CORPORATE RESTRUCTURING INITIATIVES AND CONFIRMS ITS PRIOR 2022 REVENUE GUIDANCE

* SURGALIGN HOLDINGS INC - PRIMARY FOCUS OF PLANNED RESTRUCTURING HAS CENTERED ON PRODUCT LINE RATIONALIZATION

* SURGALIGN HOLDINGS INC - EXPECTS TO INCUR AN INVENTORY WRITE-DOWN OF APPROXIMATELY $12.5 - $15.5 MILLION IN Q4 OF 2022

* SURGALIGN HOLDINGS INC - ANNOUNCED IN NOVEMBER 2022, PLANS TO REDUCE ITS WORKFORCE

* SURGALIGN HOLDINGS INC - ESTIMATES IT WILL REPORT FULL YEAR 2022 REVENUE OF APPROXIMATELY $82.0 MILLION AND END YEAR WITH APPROXIMATELY $16.3 MILLION IN CASH

* SURGALIGN HOLDINGS INC - INTENDS TO CONTINUE TO EXPLORE ALL STRATEGIC PATHS

* SURGALIGN HOLDINGS INC - NOTIFICATIONS WERE PROVIDED AND COMPANY EXECUTED ON ITS PLAN, RESULTING IN A REDUCTION IN FORCE OF APPROXIMATELY 20%

* SURGALIGN HOLDINGS INC - EXPECTS TO INCUR AN INVENTORY WRITE-DOWN OF APPROXIMATELY $12.5 - $15.5 MILLION IN Q4 OF 2022

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2317175897"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2317175897\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2317175897?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-03-06 21:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2317175897","market":"us","top_or_hot":-1,"title":"BRIEF-Surgalign Provides Update On Corporate Restructuring Initiatives And Confirms Its Prior 2022 Revenue Guidance","media":"Reuters","content":"<html><body><p>March 6 (Reuters) - Surgalign Holdings Inc   :</p><p>   * SURGALIGN PROVIDES UPDATE ON CORPORATE RESTRUCTURING INITIATIVES AND CONFIRMS ITS PRIOR 2022 REVENUE GUIDANCE</p><p>   * SURGALIGN HOLDINGS INC - PRIMARY FOCUS OF PLANNED RESTRUCTURING HAS CENTERED ON PRODUCT LINE RATIONALIZATION</p><p>   * SURGALIGN HOLDINGS INC - EXPECTS TO INCUR AN INVENTORY WRITE-DOWN OF APPROXIMATELY $12.5 - $15.5 MILLION IN Q4 OF 2022</p><p>   * SURGALIGN HOLDINGS INC - ANNOUNCED IN NOVEMBER 2022, PLANS TO REDUCE ITS WORKFORCE</p><p>   * SURGALIGN HOLDINGS INC - ESTIMATES IT WILL REPORT FULL YEAR 2022 REVENUE OF APPROXIMATELY $82.0 MILLION AND END YEAR WITH APPROXIMATELY $16.3 MILLION IN CASH</p><p>   * SURGALIGN HOLDINGS INC - INTENDS TO CONTINUE TO EXPLORE ALL STRATEGIC PATHS</p><p>   * SURGALIGN HOLDINGS INC - NOTIFICATIONS WERE PROVIDED AND COMPANY EXECUTED ON ITS PLAN, RESULTING IN A REDUCTION IN FORCE OF APPROXIMATELY 20%</p><p>   * SURGALIGN HOLDINGS INC - EXPECTS TO INCUR AN INVENTORY WRITE-DOWN OF APPROXIMATELY $12.5 - $15.5 MILLION IN Q4 OF 2022</p><p>Source text for Eikon:    Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BRIEF-Surgalign Provides Update On Corporate Restructuring Initiatives And Confirms Its Prior 2022 Revenue Guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBRIEF-Surgalign Provides Update On Corporate Restructuring Initiatives And Confirms Its Prior 2022 Revenue Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-03-06 21:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>March 6 (Reuters) - Surgalign Holdings Inc   :</p><p>   * SURGALIGN PROVIDES UPDATE ON CORPORATE RESTRUCTURING INITIATIVES AND CONFIRMS ITS PRIOR 2022 REVENUE GUIDANCE</p><p>   * SURGALIGN HOLDINGS INC - PRIMARY FOCUS OF PLANNED RESTRUCTURING HAS CENTERED ON PRODUCT LINE RATIONALIZATION</p><p>   * SURGALIGN HOLDINGS INC - EXPECTS TO INCUR AN INVENTORY WRITE-DOWN OF APPROXIMATELY $12.5 - $15.5 MILLION IN Q4 OF 2022</p><p>   * SURGALIGN HOLDINGS INC - ANNOUNCED IN NOVEMBER 2022, PLANS TO REDUCE ITS WORKFORCE</p><p>   * SURGALIGN HOLDINGS INC - ESTIMATES IT WILL REPORT FULL YEAR 2022 REVENUE OF APPROXIMATELY $82.0 MILLION AND END YEAR WITH APPROXIMATELY $16.3 MILLION IN CASH</p><p>   * SURGALIGN HOLDINGS INC - INTENDS TO CONTINUE TO EXPLORE ALL STRATEGIC PATHS</p><p>   * SURGALIGN HOLDINGS INC - NOTIFICATIONS WERE PROVIDED AND COMPANY EXECUTED ON ITS PLAN, RESULTING IN A REDUCTION IN FORCE OF APPROXIMATELY 20%</p><p>   * SURGALIGN HOLDINGS INC - EXPECTS TO INCUR AN INVENTORY WRITE-DOWN OF APPROXIMATELY $12.5 - $15.5 MILLION IN Q4 OF 2022</p><p>Source text for Eikon:    Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2317175897","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2317175897","pubTimestamp":1678110150,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"March 6 (Reuters) - Surgalign Holdings Inc   :   * SURGALIGN PROVIDES UPDATE ON CORPORATE RESTRUCTUR","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"简介-Surgalign提供了公司重组计划的最新情况，并确认了其之前的2022年收入指导","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SRGA":0.9},"content_text":"March 6 (Reuters) - Surgalign Holdings Inc   :   * SURGALIGN PROVIDES UPDATE ON CORPORATE RESTRUCTURING INITIATIVES AND CONFIRMS ITS PRIOR 2022 REVENUE GUIDANCE   * SURGALIGN HOLDINGS INC - PRIMARY FOCUS OF PLANNED RESTRUCTURING HAS CENTERED ON PRODUCT LINE RATIONALIZATION   * SURGALIGN HOLDINGS INC - EXPECTS TO INCUR AN INVENTORY WRITE-DOWN OF APPROXIMATELY $12.5 - $15.5 MILLION IN Q4 OF 2022   * SURGALIGN HOLDINGS INC - ANNOUNCED IN NOVEMBER 2022, PLANS TO REDUCE ITS WORKFORCE   * SURGALIGN HOLDINGS INC - ESTIMATES IT WILL REPORT FULL YEAR 2022 REVENUE OF APPROXIMATELY $82.0 MILLION AND END YEAR WITH APPROXIMATELY $16.3 MILLION IN CASH   * SURGALIGN HOLDINGS INC - INTENDS TO CONTINUE TO EXPLORE ALL STRATEGIC PATHS   * SURGALIGN HOLDINGS INC - NOTIFICATIONS WERE PROVIDED AND COMPANY EXECUTED ON ITS PLAN, RESULTING IN A REDUCTION IN FORCE OF APPROXIMATELY 20%   * SURGALIGN HOLDINGS INC - EXPECTS TO INCUR AN INVENTORY WRITE-DOWN OF APPROXIMATELY $12.5 - $15.5 MILLION IN Q4 OF 2022Source text for Eikon:    Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}