Sonder Holdings Inc - Ordinary Shares - Class A

NASDAQ:SOND   3:59:46 PM EDT
1.03
-0.08 (-6.82%)
Layoffs, Restructuring / Reorganization, Other Pre-Announcement

Sonder Projects Positive Quarterly Free Cash Flow Within 2023

Published: 06/09/2022 10:17 GMT
Sonder Holdings Inc - Ordinary Shares - Class A (SOND) - Sonder Announces Cash Flow Positive Plan and Projects Positive Quarterly Free Cash Flow Within 2023.
Sonder Holdings Inc - Reduction of Cash Costs by Approximately $85m on an Annualized Basis.
Sonder Holdings Inc - Reaffirms Q2 2022 and FY 2022 Revenue Guidance, Will Now Provide Free Cash Flow Outlook.
Sonder Holdings Inc - Cash Flow Positive Plan Including Reduction in Force Affecting Approximately 21% of Corporate Roles and 7% of Front Line Roles.
Sonder Holdings Inc - Expects Reduction in Force to Be Substantially Completed by End of Q2 of 2022.
Sonder Holdings Inc - Total Costs and Cash Expenditures for Reduction in Force Are Estimated at $3.5 Million to $5.5 Million.
Sonder Holdings Inc - Expects to Recognize Most of Pre-tax Reduction in Force Charges in Q2 of 2022.
Sonder Holdings - About 80% of One-time Restructuring Costs Are Expected to Be Paid Out in Q2 2022, About 20% Expected to Be Paid Out in 2h 2022.