As I indicated, we have been tightly focused on actively managing expenses without jeopardizing our product sales potential. Accordingly, McDavid Stilwell, our Chief Financial Officer, will provide greater detail on our expense management efforts. However, the top line results of these exercises is that we are revising our previous 2023 SG&A expense forecast to $315 million to $335 million, a reduction for the 12 months of 2023 of nearly $100 million compared to previous guidance. This is being achieved by both reducing headcount by approximately 20% as well as realizing savings, including R&D. across the board.

Mar 6, 2023 / CEO / receipt, needs a key / Danny Lanphier, CEO | earnings call 2023-03-06 | transcript 91d1982f-34a0-44c5-820d-b05acccb2d84 | chars 4274-4893 | segment 3