other material
confidence high
sentiment positive
materiality 0.75
Vivos Therapeutics, Inc. (VVOS): auditor change — Vivos Therapeutics cuts workforce 17%, accelerates cash flow positive target to Q1 2024
Vivos Therapeutics, Inc.
- Reduced workforce by approximately 17% as part of operational efficiency initiatives.
- Now expects to achieve positive cash flow by Q1 2024, a full quarter earlier than prior mid-2024 guidance.
- Revenues expected to be relatively flat sequentially in H1 2023, with growth acceleration starting Q3 2023.
- Dismissed Plante & Moran as auditor; engaged Moss Adams LLP effective May 3, 2023.