Next Science Ltd (AU:NXS) has recently made a significant update to its sales force structure in order to reduce costs and improve operational efficiency. The company expects to achieve annual savings of approximately US$6 million as a result of these changes. This news comes as Next Science reports an increase in product sales and a strong gross margin, indicating a positive outlook for the future.
The company is confident that it will meet its FY24 revenue guidance of US$36m-$40m, and is also aiming to achieve EBITDA and positive cashflow in the second half of the fiscal year. In order 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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