STRM - Streamline Health consolidates businesses expects $1.5M annualized cost savings

• Streamline Health Solutions ( NASDAQ: STRM ) said Thursday it consolidated its eValuator and Avelead businesses into one unit.
• The company expects to realize ~$1.5M of annualized cost savings as of Nov. 1, with an additional $1.5M of annualized cost savings to be realized after implementing further actions throughout FY23.
• Streamline ( STRM ) expects to attribute over 10% of cost savings to salary cuts for its executive management.
• The firm reiterated its prior outlook of exiting FY22 with $17M of booked SaaS ACV and said it expects to exit FY23 with $30M of booked SaaS ACV.

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