Rezolve Ai Targets $60M Cost Cuts, Positive EBITDA by Mid-2027
RZLV is trading near its 52-week low of $2.05 (14% above the low).
Summary
Rezolve Ai announced a cost reduction program targeting $60 million in annualized savings, with cash burn in H2 2026 expected to be substantially below H1. The company aims for positive Adjusted EBITDA by the end of H1 2027, representing a margin improvement of at least 24.9 percentage points from H1 2026. This follows the H1 2026 results disclosed on September 1, which showed a $139.5M net loss and a going concern warning. The plan includes transitioning professional services to partners like TCS and Tech Mahindra to improve gross margins. Investor Day is set for October 6, 2026, where more details may be provided.
At the time of this announcement, RZLV was trading at $2.34 on NASDAQ in the Technology sector, with a market capitalization of approximately $975.5M. The 52-week trading range was $2.05 to $7.58. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.