The company has 14.3 months of cash left based on the quarterly cash burn of $14.704 M and estimated current cash of $70.016 M

TTEC is facing financial challenges, with a significant decrease in revenue and operating income in 2024 compared to 2023, primarily due to goodwill impairment and restructuring charges. The company has suspended its semi-annual cash dividend to prioritize debt reduction and strategic investments, and it has amended its credit facility to allow for less restrictive financial covenants, indicating a focus on managing its leverage and interest coverage ratios. Despite generating negative operating cash flows in 2024, TTEC believes its cash resources, along with its credit facility, will be sufficient to meet its needs for the next 12 months, although it acknowledges potential risks if access to capital becomes restricted or borrowing costs increase., Filed At: 2025-02-27