Catena Media PLC (OTCPK:CTTMF)

$ 0.6208 0 (0%) Market Cap: 30.98 Mil Enterprise Value: 50.31 Mil PE Ratio: 0 PB Ratio: 0.22 GF Score: 49/100

Q3 2024 Catena Media PLC Earnings Call Transcript

Nov 07, 2024 / 08:00AM GMT

Release Date Price: $0.6208

Transcript

Operator

Good morning, everyone. Welcome to Katina Media's Q3 interim report.

I am Manel ST and today I am joined by our Chief Financial Officer Michael Gerrow.

Today we will be speaking to our Q3 interim report related financials and our strategy and outlook for the first part of the presentation, participants will be in listen-only mode and during the questions and answer session, participants will be able to ask questions by dialing in.

We will start today's presentation with a high level summary of the most important developments in the quarter.

During the quarter into October, we have finalized the work on our new organizational structure.

This included implementing a flatter content production function that creates a solid foundation for future growth led by a lean product focused organization.

The streamlining of the content vertical involved a difficult decision to part ways with 29 employees.

This will generate an annual cost saving of around EUR2.2 million. EUR starting in Q4.

We have also completed a brand new executive

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