Executing strategic restructuring to reduce operating expenses and drive profitable growth of SaaS business; estimated annualized cost savings of approximately $5.8 millionReceived termination notice from legacy client with a $4.5M annualized revenue run rateBenjamin Stilwill appointed Chief Executive OfficerTee Green transitioning to Executive ChairmanBryant “B.J.” Reeves appointed interim Chief Financial OfficerCompany to host conference call at 9:00AM Eastern Time on October 16, 2023 Atlanta, GA, Oct.

执行战略重组以减少运营费用并推动SaaS业务的有利可图的增长；估计每年节省约580万美元收到来自遗留客户的终止通知，年收入为450万美元运行率Benjamin Stilwill任命首席执行官Officer Green过渡到执行主席Bryant“B.J”。Reeves任命临时首席财务官公司主持电话会议于2012年10月16日上午9:00在美国佐治亚州亚特兰大，Oct。

16, 2023 (GLOBE NEWSWIRE) -- Streamline Health Solutions, Inc. (NASDAQ: STRM), a leading provider of solutions that enable healthcare providers to improve financial performance, announced today it is executing a strategic restructuring. The strategic restructuring initiatives are designed to reduce expenses and preserve cash while maintaining the Company’s ability to expand its high-margin SaaS business.

162023（GLOBE NEWSWIRE）-STREAMLE Health Solutions，Inc。（纳斯达克股票代码：STRM）是一家领先的解决方案提供商，可使医疗保健提供者改善财务绩效，今天宣布正在执行战略重组。战略重组计划旨在减少费用和节省现金，同时保持公司扩大其高利润SaaS业务的能力。

As part of the strategic restructuring initiatives, the Company has implemented a reduction in force of approximately 26 employees (approximately 24% of its workforce). Streamline expects to record a one-time restructuring expense of approximately $0.8 to $1.2 million related to the reduction in force, which includes severance payments and benefits to affected employees.

作为战略重组计划的一部分，该公司实施了约26名员工（约占其劳动力的24%）的减产。STREAMLE预计将记录与减少部队有关的一次性重组费用约为0.8美元至120万美元，其中包括向受影响员工支付离职费和福利。

The Company expects the expense associated with the strategic restructuring to be substantially recognized by the end of fiscal 2023. As a result of these strategic restructuring initiatives, the Company expects to realize annualized cost savings of approximately $5.8 million. The Company also announced the receipt of a termination notice from a legacy client with an effective date of December 31, 2023.

该公司预计到2023财年末，与战略重组相关的费用将大幅确认。由于这些战略重组计划，该公司预计将实现约580万美元的年度成本节约。该公司还宣布收到截止日期为2023年12月31日的遗留客户的终止通知。

At the time of receipt of the termination notice, the Company was recognizing approximately $4.5 mi.

在收到终止通知时，公司确认约4.5美元的心肌梗死。