GREY:XEBEQ - Post by User
Post by
tamaracktopon Jul 13, 2022 3:35pm
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Post# 34821908
So now we know
So now we knowSo now we know that Xebec had about 392 employees prior to today's news.
Now headcount will be ~ 340, down from the peak at slightly more than 600.
I've been pointing out inordinate SG&A expenses for months.
Clearly they wouldn't announce the departures of two or three employees at a time,
and clearly they've been addressing those very expenses for some time as well.
Revenue per employee is an important metric.
I remember asking Kurt about it during a webinar and he replied at the time it was about $350,000
and he would have liked to get it to ~ $500,000.
Companies can't "invent" revenues but they can address costs, and Xebec is very obviously doing just that.