Question-and-Answer Session
Operator
(Operator Instructions). The first question comes from the line of Charles Strauzer with CJS Securities. Please proceed.
Charles Strauzer - CJS Securities
Hi good morning John and Joe. How are you?
Joe Davis
Good morning
Jon Biro
Good Morning.
Charles Strauzer - CJS Securities
Two questions for you. When you with just the information that you gave for Q2, and if you assume the low end of that guidance range of 225 of revenue and I was assuming that a least breakeven is basically kind of where you are saying you're coming at that range?
Jon Biro
That's fair to say.
Charles Strauzer - CJS Securities
Okay. So now is that, so if you're coming at breakeven on the same revenue we had in Q1, does that imply some additional cost benefits from some of the things that you were doing in Q1 or is it the low interest expense or a combination of both?
Joe Davis
Yeah it is a combination of all these things. I mean we're trying to operate the business at this level at least breakeven, if we're little below or little above is not going to be bothering a lot (ph).
Charles Strauzer - CJS Securities
Got you. And then Joe, you can a little bit more about the actions you are taking on the cost front, you mentioned headcount and salary reductions and wage fees and et cetera, can you talk a little bit more...
Joe Davis
We said wage cuts -- I said wage cuts.
Charles Strauzer - CJS Securities
Wage cuts, I am sorry. Can you talk little bit more or help maybe quantify that a little bit more about how aggressive you are being on that front?
Joe Davis
Well, I think we have taken wage cuts starting as I said with 15% at my level, 10% at other level, and throughout the company from up to 10 to 15% in some cases. And in some cases perhaps more. Well again in specific situation, very significant cuts throughout the company.
And I will say this that our employees certainly understand the situation, and they are very, very supportive. In fact we're overwhelmed to how supportive all of our employees have been. And they understand what's going on in the marketplace and they understand that in some cases in order to get printing jobs, we're having to reduce our price. And at some point if you reduce your price well enough, you can reduce your costs. And that's what we're forced to do.
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