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BRIEF-Ekso Bionics Holdings to reduce workforce by about 25 pct
May 23, 2017 / 12:17 PM / 4 months ago

BRIEF-Ekso Bionics Holdings to reduce workforce by about 25 pct

May 23 (Reuters) - Ekso Bionics Holdings Inc

* Ekso bionics announces cost reductions to lower operating expenses

* Ekso Bionics Holdings - plans to streamline its operations and reduce its workforce by approximately 25% to lower operating expenses &reduce cash burn

* Ekso Bionics Holdings Inc says company estimates these cutbacks will result in a 25% reduction in monthly operating expense

* Ekso Bionics Holdings Inc says one-time cash severance and related expenses are estimated at $1.0 million Source text for Eikon: Further company coverage:

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