Mighty Kingdom Limited (ASX:MKL) Completes Cost Reduction Review
Cost Reduction Achieved
Mighty Kingdom Limited (ASX:MKL) has completed its review process, resulting in a reduction of annualised costs by approximately $2.5 million through staffing levels and non-essential expense cuts.
Revenue Generation and Partnerships
The company’s ability to service current Work for Hire contracts remains unaffected, with enhanced resourcing flexibility supporting revenue generation, particularly through its partnership with East Side Games Group Inc involving profit sharing.
Future Outlook
MKL will closely monitor future revenue streams against underlying costs to ensure studio-level sustainability while continuing to assess additional revenue generation initiatives.
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