DermTech exploring strategic alternatives, cutting 56% of staff

seekingalpha04-19

DermTech (NASDAQ:DMTK) said its board has engaged TD Cowen to explore strategic alternatives for the company and that it plans to cut approximately 56% of its workforce to conserve cash. The genomics ...

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The genomics ...</p>\n\n<a href=\"https://seekingalpha.com/news/4091302-dermtech-exploring-strategic-alternatives-cutting-56-percent-of-staff\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DermTech exploring strategic alternatives, cutting 56% of staff</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDermTech exploring strategic alternatives, cutting 56% of staff\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-19 04:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4091302-dermtech-exploring-strategic-alternatives-cutting-56-percent-of-staff><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DermTech (NASDAQ:DMTK) said its board has engaged TD Cowen to explore strategic alternatives for the company and that it plans to cut approximately 56% of its workforce to conserve cash. The genomics ...</p>\n\n<a href=\"https://seekingalpha.com/news/4091302-dermtech-exploring-strategic-alternatives-cutting-56-percent-of-staff\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DMTK","symbol_name":"DermTech, Inc.","start_time":0,"source_url":"https://seekingalpha.com/news/4091302-dermtech-exploring-strategic-alternatives-cutting-56-percent-of-staff","article_id":"2428405205","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1500584309/image_1500584309.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428405205","pubTimestamp":1713473680,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"DermTech (NASDAQ:DMTK) said its board has engaged TD Cowen to explore strategic alternatives for the company and that it plans to cut approximately 56% of its workforce to conserve cash. The genomics ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DMTK":"DermTech, Inc.","BK4139":"生物科技"},"translate_title":"DermTech探索战略替代方案，裁员56%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DMTK":1},"content_text":"DermTech (NASDAQ:DMTK) said its board has engaged TD Cowen to explore strategic alternatives for the company and that it plans to cut approximately 56% of its workforce to conserve cash. The genomics dermatology company said that TD Cowen will be conducting a review of strategic options for the company, including a possible merger, acquisition or asset sale. As a result of the review, the company will not be hosting a Q1 earnings conference call. DermTech also plans to lay off around 100 employees, or about 56% of its workforce. The company plans to continue its laboratory operations during the strategic review and believes it has enough capacity to process orders for its DermTech melanoma test.  As a result of the restructuring, DermTech expects to take a one-time charge of approximately $1.6M in Q2. The layoffs are part of the latest round of restructuring for DermTech. The company announced it was cutting 15% of its workforce and suspending development on its pipeline in June 2023 to focus on its melanoma test. It announced another 15% workforce reduction in January.  More on DermTech  DermTech, Inc. (DMTK) Q4 2023 Earnings Call Transcript DermTech GAAP EPS of -$0.56 in-line, revenue of $3.92M misses by $0.11M DermTech Q4 2023 Earnings Preview Seeking Alpha’s Quant Rating on DermTech Historical earnings data for DermTech","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428405205"}