February 1, 2017 / 10:17 PM / 8 months ago

BRIEF-DragonWave presents cost reduction plan to financing partners

Feb 1 (Reuters) - DragonWave Inc -

* DragonWave presents cost reduction plan to financing partners

* Says updated plan reduces operating costs by 30%, to achieve cash flow break even at anticipated revenue and margin levels

* Says reductions are focused on discontinued legacy products, streamlining G&A expenses, and deemphasizing lower margin regions

* Says plan has been presented to DragonWave’s key lenders with goal of increased financing flexibility to execute plan Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below