This is what they did and what he was referencing:
"We identified areas to be targeted for improvement and we continued to further streamline operational processes to support product launch and delivery. We implemented far-reaching cost-savings actions by implementing administrative cost reductions, reducing manufacturing costs and streamlining our fulfilment apparatus. We increased proportional investments in targeted product inventory, marketing strategies and s-curve data analytics to direct product innovation.
Our efforts to make the UAT Group more dynamic and less sensitive to market fluctuations continued to bear fruit. Implemented efficiencies and effective inventory control ensured that UAT continued to strengthen its cash flow, cash position and product awareness while mitigating remaining over-runs."
They have actually done quite a bit over the past 2 years to turn this hunk of junk around.
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