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BRIEF-Sonder Projects Positive Quarterly Free Cash Flow Within 2023

reuters.com · 06/09/2022 06:13
BRIEF-Sonder Projects Positive Quarterly Free Cash Flow Within 2023

- Sonder Holdings Inc SOND:

  • SONDER ANNOUNCES CASH FLOW POSITIVE PLAN AND PROJECTS POSITIVE QUARTERLY FREE CASH FLOW WITHIN 2023

  • SONDER HOLDINGS INC - REDUCTION OF CASH COSTS BY APPROXIMATELY $85M ON AN ANNUALIZED BASIS

  • SONDER HOLDINGS INC - REAFFIRMS Q2 2022 AND FY 2022 REVENUE GUIDANCE, WILL NOW PROVIDE FREE CASH FLOW OUTLOOK

  • SONDER HOLDINGS INC - CASH FLOW POSITIVE PLAN INCLUDING REDUCTION IN FORCE AFFECTING APPROXIMATELY 21% OF CORPORATE ROLES AND 7% OF FRONT LINE ROLES

  • SONDER HOLDINGS INC - EXPECTS REDUCTION IN FORCE TO BE SUBSTANTIALLY COMPLETED BY END OF Q2 OF 2022

  • SONDER HOLDINGS INC - TOTAL COSTS AND CASH EXPENDITURES FOR REDUCTION IN FORCE ARE ESTIMATED AT $3.5 MILLION TO $5.5 MILLION

  • SONDER HOLDINGS INC - EXPECTS TO RECOGNIZE MOST OF PRE-TAX REDUCTION IN FORCE CHARGES IN Q2 OF 2022

  • SONDER HOLDINGS - ABOUT 80% OF ONE-TIME RESTRUCTURING COSTS ARE EXPECTED TO BE PAID OUT IN Q2 2022, ABOUT 20% EXPECTED TO BE PAID OUT IN 2H 2022

Source text for Eikon: [https://bit.ly/3tlbQcD]

Further company coverage: SOND


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