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OpGen(OPGN) - 2020 Q4 - Earnings Call Transcript
2021-03-26 03:08
OpGen, Inc. (OTC:OPGN) Q4 2020 Earnings Conference Call March 25, 2021 4:30 PM ET Company Participants Oliver Schacht – President and Chief Executive Officer Tim Dec – Chief Financial Officer Conference Call Participants Max Jacobs – Edison Group Ben Haynor – Alliance Global Partners Operator Welcome to the OpGen Fourth Quarter and Full Year 2020 Earnings Call and Business Update. At this time, all participants are in listen-only mode. Following management’s prepared remarks, there will be a Q&A session. As ...
OpGen(OPGN) - 2020 Q3 - Earnings Call Transcript
2020-11-12 02:36
OpGen, Inc. (OTC:OPGN) Q3 2020 Earnings Conference Call November 11, 2020 4:30 PM ET Company Participants Megan Paul - IR Oliver Schacht - CEO, President & Director Timothy Dec - CFO & Corporate Secretary Conference Call Participants Maxim Jacobs - Edison Group Yi Chen - H.C. Wainwright & Co. Benjamin Haynor - Alliance Global Partners Operator Greetings. Welcome to the OpGen, Inc. Third Quarter 2020 Earnings Conference Call. [Operator Instructions]. I will now turn the conference over to your host, Megan Pa ...
OpGen(OPGN) - 2020 Q2 - Earnings Call Transcript
2020-08-13 01:45
Start Time: 16:30 January 1, 0000 5:18 PM ET OpGen, Inc. (OTC:OPGN) Q2 2020 Earnings Conference Call August 12, 2020, 16:30 PM ET Company Participants Oliver Schacht - CEO Tim Dec - CFO Megan Paul - IR Conference Call Participants Maxim Jacobs - Edison Group Ben Haynor - Alliance Global Yi Chen - H.C. Wainwright Operator Greetings, and welcome to the OpGen Incorporated Conference Call. [Operator Instructions]. It is now my pleasure to introduce your host, Megan Paul, Investor Relations. Please go ahead. Meg ...
OpGen(OPGN) - 2020 Q1 - Earnings Call Transcript
2020-05-10 04:24
Start Time: 16:30 January 1, 0000 5:13 PM ET OpGen, Inc. (OTC:OPGN) Q1 2020 Earnings Conference Call May 07, 2020, 16:30 PM ET Company Participants Oliver Schacht - CEO Tim Dec - CFO Joe Green - Managing Director of IR Conference Call Participants Wiktoria OÂ'Hare - Edison Investment Research Ben Haynor - Alliance Global Partners Yi Chen - H.C. Wainwright Operator Mr. Green, you may begin. Joe Green Thank you. Welcome to the OpGen First Quarter 2020 Earnings Call and Business Update. At this time, all parti ...
OpGen(OPGN) - 2019 Q4 - Earnings Call Transcript
2020-03-25 01:22
Start Time: 16:30 January 1, 0000 5:18 PM ET OpGen, Inc. (OTC:OPGN) Q4 2019 Earnings Conference Call March 24, 2020, 16:30 PM ET Company Participants Evan Jones - Chairman and CEO Tim Dec - CFO Oliver Schacht - CEO Curetis Joe Green - Managing Director of IR Conference Call Participants Yi Chen - H.C. Wainwright Ben Haynor - Alliance Global Partners Maxim Jacobs - Edison Group Bruce Jackson - The Benchmark Company Operator Ladies and gentlemen, thank you for standing by. Welcome to the Fourth Quarter 2019 O ...
OpGen(OPGN) - 2019 Q3 - Earnings Call Transcript
2019-11-07 03:36
Financial Data and Key Metrics Changes - Total revenue for the first nine months of 2019 increased by 22% to $2.7 million compared to $2.2 million in 2018 [7] - Third quarter revenue was $648,000, a 17% increase from $552,000 in the prior year period [7] - Net loss for the third quarter of 2019 was $3.5 million, or $3.95 per share, compared to a net loss of $3.3 million, or $10.67 per share in the third quarter of 2018 [20] - Total operating expenses for the nine months ended September 30, 2019, were $12.4 million, up from $11.7 million in the same period of 2018 [21] Business Line Data and Key Metrics Changes - Revenue from RUO Acuitas AMR Gene Panel and Acuitas Lighthouse related products represented 43% of total revenue, amounting to $1.2 million, up from less than 5% in the comparable 2018 period [18] - R&D expenses for the first nine months of 2019 were $4.1 million, up from $3.8 million in 2018 [22] - G&A expenses were $4.9 million, down from $5.4 million in 2018 [22] Market Data and Key Metrics Changes - Curetis has a portfolio of five CE marked in vitro diagnostic products marketed through distribution partners in Europe, the Middle East, and some Asian markets [9] - The combined company is expected to have a pro forma 2019 revenue in the range of $5 million to $6 million, with anticipated growth to $10 million to $15 million in 2020 [27] Company Strategy and Development Direction - The strategic focus includes gaining regulatory clearances, establishing market positions for proprietary molecular diagnostic testing platforms, and leveraging global commercial capabilities [13] - The combination with Curetis aims to create a market leader in infectious disease and antimicrobial resistance detection, enhancing operational efficiencies and financial discipline [34][31] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the completion of the business combination with Curetis, expecting it to close by late January or early February 2020 [26] - The company is committed to improving shareholder value and capturing financial synergies associated with the merger [31][32] Other Important Information - The company closed the public offering of 4.7 million units at $2 per unit, raising gross proceeds of $9.4 million [23] - The company regained compliance with NASDAQ's shareholder equity requirement and minimum bid price rule [24] Q&A Session Summary Question: Timing for commercialization of Acuitas AMR Gene Panel after 510(k) clearance - Management indicated that commercialization would likely start one to two months after clearance, aligning with the merger with Curetis [46] Question: Timeframe for completion of clinical studies for urine panel - Management expects to complete the urine trial phases by early 2020 [48] Question: Financial runway for the combined company post-merger - The combined company is expected to have a financial runway reaching into Q2 of the following year [54] Question: Conditions for closing the transaction with Acuitas - Key conditions include completing financing and gaining shareholder approvals, with optimism for successful closure [55][56] Question: Expected R&D spending trends - R&D spending is expected to increase modestly in Q4 and ramp up significantly in Q1 of the following year [66]
OpGen(OPGN) - 2019 Q2 - Earnings Call Transcript
2019-08-10 23:46
OpGen, Inc. (OTC:OPGN) Q2 2019 Results Earnings Conference Call August 7, 2019 4:30 PM ET Company Participants Evan Jones - Chairman and Chief Executive Officer Tim Dec - Chief Financial Officer Conference Call Participants Nathan Weinstein - Aegis Capital Ben Haynor - Alliance Global Operator Welcome to the OpGen Second Quarter 2019 Conference Call. At this time, all participants are in a listen-only mode. Following management's prepared remarks, they were hold ex-U.S. Q&A session. As a reminder, this conf ...
OpGen(OPGN) - 2019 Q1 - Earnings Call Transcript
2019-05-15 02:50
OpGen, Inc. (OTC:OPGN) Q1 2019 Earnings Conference Call May 14, 2019 4:30 PM ET Company Participants Evan Jones - Chairman and Chief Executive Officer Timothy Dec - Chief Financial Officer Conference Call Participants Edward Marks - H.C. Wainwright & Co. Nathan Weinstein - Aegis Capital Corporation Maxim Jacobs - Edison Group Benjamin Haynor - Alliance Global Partners Anthony Polak - Aegis Capital Corp. John Power - Redwood MicroCap Fund Inc. Operator Welcome to the OpGen First Quarter 2019 Conference Call. ...
OpGen(OPGN) - 2018 Q4 - Earnings Call Transcript
2019-02-27 03:40
Financial Data and Key Metrics Changes - The conference call discusses forward-looking statements regarding the operations and future results of the company, indicating potential variability in financial performance [2][3] - Factors affecting results include the ability to complete demonstration projects and obtain regulatory clearances, which may impact financial outcomes [3] Business Line Data and Key Metrics Changes - The company is focused on the commercialization of its product and service offerings, which is critical for revenue generation [3] Market Data and Key Metrics Changes - The rate of adoption of the company's products by hospitals and healthcare providers is highlighted as a significant factor influencing market performance [3] Company Strategy and Development Direction - The company aims to successfully complete its demonstration project with New York State, which is a strategic initiative for growth [3] Management Comments on Operating Environment and Future Outlook - Management emphasizes the importance of regulatory requirements and competitive factors that may affect business operations and future results [3] Other Important Information - The content of the conference call is time-sensitive and accurate only as of the date of the call, indicating the need for stakeholders to consider the timing of the information [4] Q&A Session Summary Question: What are the key factors affecting the company's future results? - Management noted that successful completion of demonstration projects and regulatory clearances are critical for future performance [3]