Motus GI Reports Second Quarter 2023 Financial Results and Provides Corporate Update
The Company incurred non-recurring charges related to these cost-cutting measures of approximately $1.5 million in the first half of 2023.
- The Company incurred non-recurring charges related to these cost-cutting measures of approximately $1.5 million in the first half of 2023.
- Financial Results for the Second Quarter Ended June 30, 2023
The Company reported revenue of $113,000 for the second quarter 2023, compared to $185,000 for the same period last year. - The Company reported $8.5 million in cash and cash equivalents as of June 30, 2023.
- The Company believes that its cash and cash equivalents as of June 30, 2023 will be sufficient to allow the Company to fund its commercial, R&D and corporate operations through the first quarter of 2024.