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Babylon ( NYSE: BBLN ) plans to accelerate its path to profitability through revenue and cost efficiencies, implemented in Q3 and expects effect in Q4.
Company is improving its Adjusted EBITDA guidance for FY 2022 from $(295)M or less to $(270)M or less, with forecasted monthly December 2022.
Adjusted EBITDA of $(18)M or less.
No change to Babylon's revenue guidance being $1B or greater for FY 2022.
Expects to generate savings of up to $100M per year