Nogin, Inc. Provides Financial Guidance for the First Quarter and Full Year of 2023
March 24, 2023 at 06:11 am
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Nogin, Inc. provided financial guidance for the first quarter and full year of 2023. Management expects the Company's financial results in the 2023 first quarter and full year, including Adjusted EBITDA, to be positively impacted by sales to existing customers, new customer agreements, and the continued results of a comprehensive cost reduction and performance improvement program. The goal of the cost and performance improvement program is to drive efficiency throughout the business while simultaneously achieving or exceeding internal and customer KPIs (Key Performance Indicators).
The expected impact of the Company's cost and performance improvement program for the full year 2023 is anticipated to be between $15 million and $20 million, and management expects to have the majority of initially identified initiatives complete by the end of the 2023 first quarter.
Nogin, Inc. is an e-commerce technology platform provider in the apparel and ancillary industryâs multichannel retailing, business-to-consumer, and business-to-business domains. It manages clientsâ front-to-back-end operations so clients can focus on their business. Its Nogin Intelligent Commerce platform, enterprise commerce-as-a-service (CaaS) platform, includes Intelligent Commerce (site management); Intelligence commerce architecture, such as orders, returns and warehouse management, channel partner integrations, customer management, catalog management, content and site management, and security, privacy and data protection grouped into a single software solution, and Foundational elements, including its data asset, CDP and artificial intelligence (AI), and flexible application programming interface (API). The Intelligent Commerce platform is an open-source e-commerce platform that includes research and development, a customer data platform, and an AI data pool across all endpoints.
NOGIN, INC. 