Background

• A VC-backed company burning $1 million/month with only 2 months cash on-hand after having raised a $5 million financing 4 months earlier
• Investors engaged Kirchner to assess the company and subsequently committed $5 million of additional financing to implement Kirchner’s recommended turnaround strategy
• Kirchner Group team member installed as interim CEO

Activity

• Revenue maintained while monthly burn reduced 70% to $300K/mth
• Gross margins grew 9% and the bottom line improved by $10 million year-on-year
• A major threatening lawsuit settled

Results

• Within 11 months, AIM exchange listing with restructuring financing participants achieving a 3.5x return on capital at IPO date