Aug. 7 at 10:10 PM
$HCAT Pretty bullish stuff if you look past the simple topline guidance cut…
This restructuring was announced to team members earlier today and is anticipated to be largely complete by next Monday. August 11. These actions include meaningful non headcount cost reductions, and will also impact approximately 9% of our total workforce. We anticipate this restructuring plan and our previously described updates to client contracts will improve profitability by over
$40,000,000 on an annualized basis. Which we expect to rightsize our cost structure across our business and be accretive to gross margins adjusted EBITDA, margins, and adjusted free cash flows. In making an effective transition and finding new opportunities. Enables us to reaffirm our full year 2025 EBITDA guidance of 41,000,000 even with a meaningfully lower total revenue guide. We are also providing Q3 adjusted EBITDA guidance of approximately 10,500,000.0 representing 44% growth in adjusted EBITDA.
