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BRIEF-Voti Detection Reports Fiscal 2020 First Quarter Results

Published 2020-03-23, 09:53 p/m

March 23 (Reuters) - VOTI Detection Inc VOTI.V :

* VOTI DETECTION REPORTS FISCAL 2020 FIRST QUARTER RESULTS

* VOTI DETECTION INC - INTRODUCES SUBSTANTIAL COST CUTTING PROGRAM INITIATIVES

* VOTI DETECTION INC - DECIDED TO SUSPEND ANY GUIDANCE AT THIS POINT IN TIME

* VOTI DETECTION INC - INITIATED DISCUSSIONS WITH CURRENT AND POTENTIAL NEW LENDERS

* VOTI DETECTION INC - COST REDUCTIONS OF $1.5 MILLION INCLUDE REDUCTIONS IN EXECUTIVE AND SENIOR LEADERSHIP COMPENSATION

* VOTI DETECTION - $1.5 MILLION COST REDUCTIONS ALSO INCLUDE REDUCTIONS TO IMPROVE OPERATIONAL EFFICIENCIES, REDUCTIONS IN COST OF COMPONENTS IN SCANNERS

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