Pluribus Technologies Corp (TSE:PLRB) has released an update.
Despite a challenging economic climate, Pluribus Technologies Corp. managed to achieve positive adjusted EBITDA in Q4 2023, although it faced declines in revenue and net losses, primarily due to reduced customer spending in eLearning and an impairment charge in the same segment. The company undertook restructuring efforts that are expected to yield cost savings from Q1 2024 onwards. Pluribus is actively seeking strategic alternatives to enhance shareholder value, including potential sales of assets and refinancing options.
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