April 6 (Reuters) - MGM Wireless Ltd MWR.AX :
* TOTAL Q3 REVENUE $1.9 MILLION, UP 37%
* CONSIDERS APPROPRIATE TO WITHDRAW PREVIOUSLY ANNOUNCED FY20 GUIDANCE RELEASED TO MARKET ON 28 FEB
* DIRECTORS AND SENIOR MANAGEMENT AGREED TO REDUCE PAY
* STAFF TO TAKE LEAVE WITHOUT PAY AND A REDUCTION IN FULL TIME POSITIONS
* COST-SAVING MEASURES EXPECTED TO LOWER FULL TIME EQUIVALENT WAGE COSTS BY OVER 20% FOR PERIOD 1 APRIL, 2020 TO 30 SEPTEMBER, 2020
* ANTICIPATES A SOFTER TRADING ENVIRONMENT FOR ITS WEARABLES BUSINESS
* ANTICIPATES SOFTER TRADING ENVIRONMENT FOR WEARABLES BUSINESS DUE TO SHUTDOWNS & LOCKDOWNS IN AUSTRALIAN, NEW ZEALAND & UK MARKET