Add as a preferred source on GoogleMesa Laboratories Targets $9.3 Million in Annual Cost Reductions
The company plans to reinvest about $4.3 million in growth initiatives, resulting in projected net annualized savings of $5 million.
Mesa Laboratories announced Tuesday a plan targeting about $9.3 million in annualized operating-cost reductions through restructuring, a smaller facility footprint in San Diego and reduced third-party spending.
The company plans to reinvest approximately $4.3 million of those savings into growth initiatives. After that reinvestment, Mesa Laboratories expects the measures to produce about $5 million in net annualized cost savings.
The plan is focused on lowering recurring operating expenses while directing part of the savings toward business expansion.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.