VolitionRx Limited Announces Third Quarter Results, Debt Repayment, and Cost-Cutting Measures
VNRX VolitionRX Ltd
$0.23 +24.66%
View chart & analysis → - 1VolitionRx Limited announced that it repaid $7.5 million in convertible notes during the third quarter.
- 2VolitionRx Limited implemented cost-cutting measures during the third quarter, including a 28% reduction in workforce.
- 3VolitionRx Limited's year-to-date revenue reached $3 million, representing 134% growth compared to the same period last year.
So what's the key point?
VolitionRx Limited paid off $7.5 million in debt and reduced costs by cutting staff. The company's year-to-date revenue reached $3 million.
Source The Motley Fool +1 · View original ↗
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