Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
NS Wind Down Co., Inc. reported the third quarter ended September 30, 2023 results: revenue over $48 million.
- Period
- the third quarter ended September 30, 2023
- Revenue
- over $48 million
- Result
- preliminary results
Exact text from the filing
herewith as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- NanoString Provides Preliminary Financial and Operational Highlights for Third Quarter of 2023 - Record Q3 Revenue of Over $48 Million, 63% Year on Year Growth, Above Upper End of Q3 Guidance Range - - Implementing Reorganization of R&D and Manufacturing Operations to Improve Path to Profitability - SEATTLE -
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Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.9
NS Wind Down Co., Inc. announced a restructuring with charges of approximately $5 million affecting global workforce (approximately 110 positions, representing approximately 20% of the Company's global workforce).
- Type
- restructuring
- Charge
- approximately $5 million
- Affected area
- global workforce
- Headcount
- approximately 110 positions, representing approximately 20% of the Company's global workforce
Exact text from the filing
costs and create a more streamlined organization to support its business. In connection with the reduction in force, the Company currently estimates it will incur approximately $5 million of costs, consisting primarily of cash severance costs and transition support services for impacted employees, which the Company expects to recognize in the fourth quarter of
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