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VRSRF / Versarien successfully reduces cost base, underlying losses and cash burn rate

Versarien plc has “significantly” reduced its cost base and brought underlying losses to a much lower run rate compared to the first half of the year, according to the advanced materials group's operational update posted on Monday. This means cash burn is also down, though the group said it continues to make progress in key strategic goals. Read More

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Versarien

Successfully

Reduces

Cost

Base

Underlying

Losses

Stock

VRSRF

Posted: Oct 2 2023, 02:43

Author Name: Proactive Investors

VRSRF News

By Proactive Investors
October 30, 2023

Versarien on track with turnaround plans

Versarien told shareholders its turnaround continues to make progress with an increasing level of commercial engagement in both its core areas of lei

By Proactive Investors
October 2, 2023

Versarien successfully reduces cost base, underlying losses and cash burn rate

Versarien plc has “significantly” reduced its cost base and brought underlying losses to a much lower run rate compared to the first half of the y

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