possible margin improvement"Mark Bentler, chief financial officer of Tecsys, added, "After our third quarter we embarked on a strategic restructuring designed to improve profitability over the long term. As part of this effort, we reduced our workforce by about 4% across a range of departments. This restructuring is expected to result in one-time costs of around $2.3 million, which will be recorded in our Q4 fiscal 2024 financial statements and result in anticipated annual operating cost savings of around $4.6 million heading into fiscal 2025."
Operating expenses increased to $55.2 million, higher by $8.9 million or 19% compared to $46.3 million in the same period of fiscal 2023.
This is the first time I remember them getting rid of people.so maybe operating expenses combined with increased revenue (11-14%) bring about margin improvement