Question · Q3 2024
Asked for details on the programmatic business decline, actions to reverse it, the role of the service arm, top 3 growth initiatives, and the impact of future revenue growth on profitability.
Answer
The programmatic business decline is attributed to high comparisons and customer inventory reduction, not competitive losses. Growth initiatives include building a service arm for filter installation, digitization for better tracking, and expanding into non-healthcare markets. Future revenue growth is expected to improve profitability, though some variable expenses like bonuses will increase with better performance.