Following the downsizing of our corporate structure in the fourth quarter, combined with reducing non-personnel G&A expenses, such as consulting and travel, we recorded a 9.5% reduction in G&A expenses compared to the first quarter of 2022, reaching just over R$ 31 million compared to almost R$ 35 million in the same quarter of last year.

May 18, 2023 / CFO / receipt, needs a key / Shai Shor, CFO | earnings call 2023-05-18 | transcript a69b2815-e272-4e86-a26d-0ede623944e7 | chars 7182-7522 | segment 7

This initiative also included reducing non-personnel G&A expenses, such as consulting and travel, among many others.

Nov 16, 2022 / CFO / receipt, needs a key / Shai Shor, CFO | earnings call 2022-11-16 | transcript 4fdaa44c-9bd4-4c2d-a018-bebcc4fcc664 | chars 7118-7234 | segment 7