Societal CDMO, Inc. (NASDAQ:SCTL) Q3 2023 Earnings Call Transcript

And that would result in a reduction of our debt balance from roughly $40 million to $25 million by the end of 2024. So we still have a few cards to play in terms of improvement and not only the balance sheet, but also margin improvement next year, and heading into 2025 through re-negotiated contracts with [indiscernible].

Matt Hewitt: That’s very helpful. Thanks very much.

Operator: Thank you. [Operator Instructions] We do have a question from Max Smock of William Blair. Your line is open. Mr. Smock, your line is open. Thank you. One moment, please. I am showing no further questions at this time. Back over to David Enloe for any closing remarks.

David Enloe: Many thanks to all of our clients, supply chain and other service providers and partners, and particularly to our excellent Societal team. We look forward to many great achievements in the months ahead. Thank you, again, for participating today and for your continued support of Societal CDMO.

Operator: Thank you. Ladies and gentlemen, this concludes today’s conference. Thank you all for participating and have a great day. You may all disconnect.