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Anagenics Slashes Costs and Narrows Cash Outflow Ahead of FY25 Profit Push
12:08pm on Friday 31st of January, 2025 AEDT
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Health and Beauty
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Anagenics Slashes Costs and Narrows Cash Outflow Ahead of FY25 Profit Push
12:08pm on Friday 31st of January, 2025 AEDT
Key Points
Net operating cash outflow reduced to $0.3m in 2Q25 from $0.9m in 1Q25
Advertising, staff, and corporate costs cut by 45%, 42%, and 66% respectively
Restructuring includes headcount reduction from 20 to 9 and suspension of director fees
Core BLC Cosmetics sales remain stable despite divestment of Face Medi
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