Earnings Calls

Last Earnings Call

Fiscal Period
Q4 2026
Call Date
Jul 27, 2026
AI Summary
Q4 2026

Execution: Management said sales improved quarter on quarter, with 40 units sold, but still fell short of plan and the team is not satisfied with the pace of conversion.

Reimbursement: National coverage rose to 95%, or 331 million covered lives, which management said should help both new customer wins and reengagement with existing accounts.

Funding: The company raised $15.3 million in the quarter and used $5 million to partially repay debt, leaving a cash balance of $15.3 million.

Cost control: Leadership highlighted a $5 million annualized operating cost reduction and said savings should flow through at about $1 million to $1.5 million per quarter.

Growth areas: The company is pushing growth in cancer survivorship, heart failure monitoring, and body composition/weight management, with management emphasizing disciplined commercial execution over hype.

Key Financials
Units sold
40
Units sold in the U.S.
36
Rest-of-world order
17 units
National coverage
95%
Covered lives
331 million
Operating cash outflow
$4.9 million
Cash receipts
$4.3 million
Product-related costs
$600,000
Staff costs
$4.9 million
Annualized operating cost savings
$5 million
Cash balance
$15.3 million
Loan facility
$11.5 million
Capital raise
$15.3 million
TCV
$5.4 million
Renewed contract price increase
6.7%
ARR
$14.4 million
Installed base
1,230 units
Installed base in the U.S.
642 units
Patient testing
up 6%
Three-year compound growth rate
16%
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