Financial reporting

Cost-cutting helps Nautilus reduce Q4 operating loss

By Bob McGee2023-05-24T07:46:00

Nautilus

Aiming to strengthen its financial footing and return to profitable growth in FY24, Nautilus lowered its Q4 operating loss by 20 percent to a loss of $17.5 million versus a loss of $21.9 million through numerous cost-cutting measures in recent months. These actions included reducing its workforce by 15 percent ...

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