EDAP TMS(EDAP)

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EDAP TMS(EDAP) - 2022 Q3 - Earnings Call Transcript
2022-11-17 18:54
EDAP TMS S.A. (NASDAQ:EDAP) Q3 2022 Earnings Conference Call November 17, 2022 8:30 AM ET Company Participants John Fraunces - LifeSci Advisors, IR Marc Oczachowski - CEO and Chairman of the Board of Directors Ryan Rhodes - CEO, EDAP US Francois Dietsch - CFO Conference Call Participants Michael Sarcone - Jefferies Jason Bednar - Piper Sandler Frank Takkinen - Lake Street Capital Markets Sean Lee - H.C. Wainwright Operator Greetings and welcome to EDAP TMS Third Quarter 2022 Earnings Call. At this time, all ...
EDAP TMS(EDAP) - 2022 Q3 - Quarterly Report
2022-11-15 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 November 16, 2022 Commission File Number: 0-29374 EDAP TMS S.A. Parc Activite La Poudrette Lamartine 4/6 Rue du Dauphine 69120 Vaulx-en-Velin - France Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F [x] Form 40-F [ ] Indicate by check mark i ...
EDAP TMS(EDAP) - 2022 Q2 - Earnings Call Transcript
2022-08-25 14:32
EDAP TMS S.A. (NASDAQ:EDAP) Q2 2022 Earnings Conference Call August 25, 2022 8:30 AM ET Company Participants John Fraunces - LifeSci Advisors, IR Marc Oczachowski - CEO & Chairman of the Board of Directors Ryan Rhodes - CEO, EDAP US Francois Dietsch - CFO Conference Call Participants Frank Takkinen - Lake Street Capital Jason Bednar - Piper Sandler Swayampakula Ramakanth - H.C. Wainwright Operator Greetings. Welcome to EDAP TMS Second Quarter 2022 Earnings Conference Call. At this time, all participants are ...
EDAP TMS(EDAP) - 2022 Q2 - Quarterly Report
2022-08-23 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 August 24, 2022 Commission File Number: 0-29374 EDAP TMS S.A. Parc Activite La Poudrette Lamartine 4/6 Rue du Dauphine 69120 Vaulx-en-Velin - France Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F [ x] Form 40-F [ ] Indicate by check mark if ...
EDAP TMS(EDAP) - 2022 Q1 - Earnings Call Transcript
2022-05-18 16:54
EDAP TMS S.A. (NASDAQ:EDAP) Q1 2022 Earnings Conference Call May 18, 2022 8:30 AM ET Company Participants John Fraunces - LifeSci Advisors, Investor Relations Marc Oczachowski - Chief Executive Officer and Chairman of the Board of Directors Ryan Rhodes - Chief Executive Officer, EDAP US Francois Dietsch - Chief Financial Officer Conference Call Participants Frank Takkinen - Lake Street Capital Operator Greetings. And welcome to the EDAP TMS First Quarter 2022 Earnings Conference Call. At this time, all part ...
EDAP TMS(EDAP) - 2021 Q4 - Annual Report
2022-04-07 16:00
Table of Contents As filed with the Securities and Exchange Commission on April 8, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR (G) OF THE SECURITIES EXCHANGE ACT OF 1934, OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transiti ...
EDAP TMS(EDAP) - 2022 Q1 - Quarterly Report
2022-03-29 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 March 30, 2022 Commission File Number: 0-29374 EDAP TMS S.A. Parc Activite La Poudrette Lamartine 4/6 Rue du Dauphine 69120 Vaulx-en-Velin - France Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F [ x] Form 40-F [ ] Indicate by check mark if ...
EDAP TMS(EDAP) - 2021 Q3 - Earnings Call Transcript
2021-11-18 15:18
Financial Data and Key Metrics Changes - Year-to-date revenue for the nine months ended September 30th was €30.1 million, or $35.9 million, representing growth of 14.4% over the first nine months of 2020 [6] - Total company revenue for the third quarter was €9.4 million or $11.1 million, essentially flat compared to the year-ago period [7] - Gross profit for the third quarter of 2021 was €3.6 million, compared to €4 million for the year-ago period, with a gross profit margin of 38.4% [34] - Operating loss for the third quarter of 2021 was €1.9 million, compared to an operating loss of €0.3 million in the third quarter of 2020 [36] - Net loss for the third quarter of 2021 was €1 million or €0.03 per diluted share, consistent with the net loss of €1 million, or €0.03 per diluted share in the year-ago period [36] Business Line Data and Key Metrics Changes - Total revenue in the HIFU business for the third quarter of 2021 was €1.9 million, a decline of 25.6% compared to €2.6 million for the third quarter of 2020 [32] - Total revenue in the LITHO business for the third quarter of 2021 was €2.5 million, an increase of about 3% versus the third quarter of 2020 [33] - Total revenue in the Distribution business for the third quarter of 2021 was €5 million, a 13.4% increase compared to €4.4 million for the third quarter of 2020 [33] Market Data and Key Metrics Changes - US treatment volumes are up 68% over the same period in 2020, indicating growing adoption of Focal One HIFU as a prostate cancer treatment alternative [10] - The growth in US treatment volumes reflects the positive impact of HIFU category one CPT reimbursement code that went into effect on January 1 of this year [12] Company Strategy and Development Direction - The company is focused on increasing its US pipeline and establishing HIFU and the robotic Focal One device as the leading therapeutic tool in ablating prostate tissue [38] - A comprehensive action plan has been developed to demonstrate to CMS the benefits of HIFU technology, with the aim of securing increased facility reimbursement to level 6 starting in 2023 [14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that delays in machine placements were due to COVID-related restrictions, but expressed optimism about recognizing equipment sales in Q4 [8] - The company remains confident in its ability to navigate the challenging hospital CapEx environment and is optimistic about future sales and key placements [38] Other Important Information - The company held cash and cash equivalents of €45.4 million, or US$52.6 million, as of September 30, 2021, compared to €24.7 million, or US$30.2 million at the end of December 2020 [36] - The company is actively recruiting for its US commercial organization to enhance sales efforts [46] Q&A Session Summary Question: Sales funnel and penetration into Tier 1 accounts - Management indicated that discussions with Tier 1 hospitals are increasing, and more placements are expected in the near term [42] Question: Investment in the commercial organization - The company has added notable hires and is actively recruiting more skilled individuals to expand its sales personnel [46] Question: Reimbursement levels and expectations - Management discussed the potential for moving to APC level 6 reimbursement in 2023 based on improved treatment volumes and claims data [47][75] Question: Leading indicators of demand - Management noted that the addition of headcount and support for existing customers are contributing to a positive outlook for demand [52] Question: Challenges in the marketplace - Management stated that they are navigating supply chain challenges effectively and remain optimistic about improving gross margins [54] Question: Feedback from physicians and clinical data - Management highlighted the strength of clinical data supporting HIFU and its efficacy compared to traditional surgery [67]
EDAP TMS(EDAP) - 2021 Q3 - Quarterly Report
2021-11-16 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 November 17, 2021 Commission File Number: 0-29374 EDAP TMS S.A. Parc Activite La Poudrette Lamartine 4/6 Rue du Dauphine 69120 Vaulx-en-Velin - France Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F [ x] Form 40-F [ ] Indicate by check mark ...
EDAP TMS(EDAP) - 2021 Q2 - Earnings Call Transcript
2021-08-26 17:59
EDAP TMS S.A. (NASDAQ:EDAP) Q2 2021 Earnings Conference Call August 26, 2021 8:30 AM ET Company Participants Glenn Garmont - Investor Relations Marc Oczachowski - Chairman and Chief Executive Officer Francois Dietsch - Chief Financial Officer Conference Call Participants Frank Takkinen - Lake Street Capital Markets Jason Bednar - Piper Sandler Andrew D'Silva - B. Riley Operator Greetings and welcome to the EDAP TMS Second Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen- ...