ENDRA Life Sciences(NDRA)
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ENDRA Life Sciences(NDRA) - 2023 Q3 - Earnings Call Transcript
2023-11-15 03:14
ENDRA Life Sciences Inc. (NASDAQ:NDRA) Q3 2023 Results Conference Call November 14, 2023 4:30 PM ET Company Participants Yvonne Briggs - LHA Investor Relations Francois Michelon - Chairman and Chief Executive Officer Michael Thornton - Chief Technology Officer Irina Pestrikova - Senior Director, Finance Conference Call Participants Edward Woo - Ascendiant Capital Operator Good day, and welcome to the ENDRA Life Sciences Third Quarter 2023 Financial Results Conference Call. All participants will be in a list ...
ENDRA Life Sciences(NDRA) - 2023 Q3 - Quarterly Report
2023-11-14 21:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER 001-37969 ENDRA LIFE SCIENCES INC. (Exact name of registrant as specified in its charter) Delaware 26-0579295 (State of incorporation) (I.R.S. Employer Identifica ...
ENDRA Life Sciences(NDRA) - 2023 Q2 - Earnings Call Transcript
2023-08-15 01:44
ENDRA Life Sciences Inc. (NASDAQ:NDRA) Q2 2023 Earnings Conference Call August 14, 2023 4:30 PM ET Company Participants Yvonne Briggs - LHA Investor Relations Francois Michelon - Chairman and Chief Executive Officer Michael Thornton - Chief Technology Officer Irina Pestrikova - Senior Director, Finance Conference Call Participants Edward Woo - Ascendiant Capital Operator Good day, and welcome to the ENDRA Life Sciences Second Quarter 2023 Financial Results Conference Call. All participants will be in listen ...
ENDRA Life Sciences(NDRA) - 2023 Q2 - Quarterly Report
2023-08-14 20:45
Financial Performance - The company recorded a net loss of $2,557,132 for Q2 2023, compared to a net loss of $3,591,067 for Q2 2022, reflecting an improvement[98]. - The net loss for the six months ended June 30, 2023, was $5,499,878, an improvement from a net loss of $6,449,269 for the same period in 2022[105]. - As of June 30, 2023, the accumulated deficit was $87,369,780, with cash reserves of $4,819,459[106]. - Cash used in operating activities was $4,775,442 for the six months ended June 30, 2023, compared to $6,433,852 for the same period in 2022[109][110]. Expenses - Research and development expenses for Q2 2023 were $1,400,182, a decrease of 24% from $1,847,560 in Q2 2022[94]. - Sales and marketing expenses for Q2 2023 were $247,773, down 28% from $342,039 in Q2 2022, attributed to the departure of the Chief Commercial Officer[95]. - General and administrative expenses for Q2 2023 were $1,346,610, a decrease of 3% from $1,382,094 in Q2 2022[96]. - Research and development expenses for the six months ended June 30, 2023, were $2,791,496, a decrease of 9% from $3,060,582 in the same period of 2022[101]. - Sales and marketing expenses decreased by $252,553, or 37%, to $429,389 for the six months ended June 30, 2023, compared to $681,942 for the same period in 2022[102]. - General and administrative expenses increased by $28,570, or 1%, to $2,713,008 for the six months ended June 30, 2023, compared to $2,684,438 for the same period in 2022[103]. Revenue and Income - As of June 30, 2023, the company generated no revenue from its TAEUS technology, which has not been commercially sold[82]. - Other income for Q2 2023 was $437,433, primarily from the completion of the Employer Retention Tax Credit[97]. Regulatory and Development Plans - The company plans to submit a de novo application for the TAEUS FLIP System to the FDA as soon as practicable in 2023[81]. - The first-generation TAEUS application is designed to quantify fat in the liver, addressing nonalcoholic fatty liver disease (NAFLD) without the need for surgical biopsies[77]. - The company intends to seek initial regulatory approvals for its applications in the EU and the United States, followed by China[79]. - The company expects to continue incurring significant expenses and will need to raise substantial additional capital to complete the commercialization of its NAFLD TAEUS application[114]. - The company plans to hire a small internal marketing team to support channel partners and clinical customers for the NAFLD TAEUS application[117]. Internal Controls - A material weakness in internal control over financial reporting was identified due to insufficient personnel resources within the accounting function[119]. - Management intends to implement measures to remediate the material weakness as financial means allow[120].
ENDRA Life Sciences(NDRA) - 2023 Q1 - Earnings Call Transcript
2023-05-16 01:48
ENDRA Life Sciences Inc. (NASDAQ:NDRA) Q1 2023 Earnings Conference Call May 15, 2023 4:30 PM ET Company Participants Yvonne Briggs - LHA Investor Relations Francois Michelon - Chairman & Chief Executive Officer Michael Thornton - Chief Technology Officer Irina Pestrikova - Senior Director of Finance Conference Call Participants Edward Woo - Ascendiant Capital Operator Good day, and welcome to the ENDRA Life Sciences Inc. First Quarter 2023 Financial Results Conference Call. All participants will be in liste ...
ENDRA Life Sciences(NDRA) - 2023 Q1 - Quarterly Report
2023-05-15 20:55
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER 001-37969 ENDRA LIFE SCIENCES INC. (Exact name of registrant as specified in its charter) Delaware 26-0579295 (State of incorporation) (I.R.S. Employer Identification ...
ENDRA Life Sciences(NDRA) - 2022 Q4 - Annual Report
2023-03-16 20:51
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended: December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission file number: 001-37969 ENDRA Life Sciences Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 2 ...
ENDRA Life Sciences(NDRA) - 2022 Q4 - Earnings Call Transcript
2023-03-14 23:31
ENDRA Life Sciences Inc. (NASDAQ:NDRA) Q4 2022 Earnings Conference Call March 14, 2023 4:30 PM ET Company Participants Yvonne Briggs ??? LHA Investor Relations Francois Michelon ??? Chairman and Chief Executive Officer Michael Thornton ??? Chief Technology Officer Irina Pestrikova ??? Senior Director-Finance Conference Call Participants Vernon Bernardino ??? H.C. Wainwright & Company Edward Woo ??? Ascendiant Capital Operator Good afternoon, and welcome to the ENDRA Life Sciences Incorporated Fourth Quarter ...
ENDRA Life Sciences(NDRA) - 2022 Q3 - Earnings Call Transcript
2022-11-14 23:31
Financial Data and Key Metrics Changes - For Q3 2022, operating expenses increased to $3.4 million from $2.7 million in Q3 2021, primarily due to higher spending on TAEUS commercialization and ongoing product development [34] - Research and development expenses rose by approximately $660,000 year-over-year, while sales and marketing expenses increased by about $140,000 as the company expanded its marketing efforts [35] - The net loss per share for Q3 2022 was $0.05, compared to a net loss of $0.06 per share in the same period last year [36] Business Line Data and Key Metrics Changes - The TAEUS system is focused on accurately measuring liver fat for early assessment of non-alcoholic fatty liver disease (NAFLD), which affects over 1 billion people globally [8] - Clinical study sites have obtained 95 study participant exams in 2022, nearly doubling the number from Q2 [16] Market Data and Key Metrics Changes - The market for NAFLD is growing at an annual rate of 12% to 15%, indicating a significant unmet clinical need for accessible, high-quality noninvasive diagnostics [26] - The company noted that MRI is too costly and liver biopsy is invasive, highlighting the need for better diagnostic tools [27] Company Strategy and Development Direction - The primary focus is on the effective collection of clinical data to enable a successful US regulatory submission and strong global commercialization [39] - The company is enhancing its intellectual property portfolio, with 56 patents issued globally, and is pursuing potential licensing opportunities for its technology [12] Management's Comments on Operating Environment and Future Outlook - Management expressed a growing optimism in the market, noting that clinicians are increasingly aware of the metabolic disease and the need for effective screening tools [44][47] - The company is well-positioned to meet the clinical needs despite macroeconomic factors such as supply chain issues and interest rates [46] Other Important Information - A special shareholder meeting was announced to approve a reverse stock split to maintain compliance with NASDAQ listing requirements, with no capital raise associated with it [14] - The company is offering flexible sales options, including rental and lease options for the TAEUS system, to facilitate market entry [33] Q&A Session Summary Question: Concerns about the macro environment at conferences - Management noted a growing optimism in the market, with a realization that current measurement tools may hinder development [44] Question: Speed of future scans with the TAEUS system - The company is targeting 200 scans to support commercialization efforts, with ongoing support for clinical investigators to collect necessary data effectively [52]
ENDRA Life Sciences(NDRA) - 2022 Q2 - Earnings Call Transcript
2022-08-15 23:56
ENDRA Life Sciences Inc. (NASDAQ:NDRA) Q2 2022 Earnings Conference Call August 15, 2022 4:30 PM ET Company Participants Yvonne Briggs - IR Francois Michelon - Chairman and CEO Mike Thornton - Chief Technology Officer Renaud Maloberti - CCO Irina Pestrikova - Senior Director, Finance Conference Call Participants Edward Woo - Ascendiant Capital Vernon Bernardino - H.C. Wainwright Operator Good day everyone, and welcome to the ENDRA Life Sciences' Second Quarter 2022 Financial Results Conference Call. All part ...