AvroBio Inc

NASDAQ:AVRO   11:25:04 AM EDT
1.80
+0.06 (+3.45%)
Layoffs, Restructuring / Reorganization, Earnings Announcements

Avrobio Says Compensation Committee Approved Changes To Organization, Broader Operational Cost Reduction Plan

Published: 01/07/2022 21:35 GMT
AvroBio Inc (AVRO) - Avrobio - on Jan 4, Compensation Committee Approved Changes to Co’s Organization, Broader Operational Cost Reduction Plan - Filing.
Avrobio - Committee Approved Reduction in Co's Workforce by About 23% Across Different Areas and Functions in Co.
Avrobio - Workforce Reduction is Expected to Be Substantially Complete in First Quarter of 2022.
Avrobio - Estimates That Severance & Termination-related Costs Will Total About $2.5 Million, Expects to Record Charges in Q1 2022.
Revenue is expected to be $0 Million
Adjusted EPS is expected to be -$0.77

Next Quarter Revenue Guidance is expected to be $0 Million
Next Quarter EPS Guidance is expected to be -$0.60

More details on our Analysts Page.