Next Science Ltd (AU:NXS) recently announced significant changes to its sales force structure, with the goal of reducing costs and increasing operational efficiency. The company expects to save approximately US$6 million annually as a result of these changes. These updates come as Next Science reports strong product sales and a healthy gross margin, indicating a positive outlook for the future.
The company is confident in its ability to meet its FY24 revenue guidance of US$36m-$40m, while also aiming to achieve EBITDA and positive cashflow in the second half of the fiscal year. To achieve these goals, Next Science is shifting towards a more flexible, commission-based sales team and leveraging new market opportunities to drive further growth.
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