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Vivos Therapeutics, Inc. (VVOS) Reports Q1 Loss, Lags Revenue Estimates
ZACKS· 2025-05-15 23:01
Vivos Therapeutics, Inc. (VVOS) came out with a quarterly loss of $0.45 per share versus the Zacks Consensus Estimate of a loss of $0.44. This compares to loss of $1.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.27%. A quarter ago, it was expected that this company would post a loss of $0.43 per share when it actually produced a loss of $0.28, delivering a surprise of 34.88%.Over the last four quarters, the company has ...
Vivos Therapeutics(VVOS) - 2025 Q1 - Earnings Call Transcript
2025-05-15 22:02
Vivos Therapeutics (VVOS) Q1 2025 Earnings Call May 15, 2025 05:00 PM ET Company Participants Brad Amman - CFOKirk Huntsman - Chairman & CEO Conference Call Participants Do Kim - Senior Biotech AnalystLucas Ward - Senior Research Analyst Operator Good day, everyone, and welcome to the Vivo Therapeutics First Quarter twenty twenty five Earnings Call. At this time, participants are in a listen only mode. A question and answer session will follow management's remarks. This conference call is being recorded and ...
Vivos Therapeutics(VVOS) - 2025 Q1 - Earnings Call Transcript
2025-05-15 22:00
Vivos Therapeutics (VVOS) Q1 2025 Earnings Call May 15, 2025 05:00 PM ET Speaker0 Good day, everyone, and welcome to the Vivo Therapeutics First Quarter twenty twenty five Earnings Call. At this time, participants are in a listen only mode. A question and answer session will follow management's remarks. This conference call is being recorded and replay for today's call will be available on the Investor Relations section of VIVO's website and will remain posted there for the next thirty days. I will now hand ...
Vivos Therapeutics(VVOS) - 2025 Q1 - Quarterly Results
2025-05-15 21:25
Kirk Huntsman, Vivos' Chairman and Chief Executive Officer, stated "Building on the pivotal changes we initiated in 2024, Vivos has continued to strategically position itself for growth in 2025. We've streamlined our operations and laid a rock-solid foundation for the future. The acquisition and integration of SCN will showcase our transformation, setting the stage for thousands of OSA patients to gain access to our devices from just this one acquisition. Coupled with the increasing adoption of our FDA-clea ...
Vivos Therapeutics Reports First Quarter 2025 Financial Results and Provides Operational Update
Globenewswire· 2025-05-15 20:20
Year-over-year product revenue increased 8%, and year-over-year operating expenses decreased 5% as Vivos sets the stage for its Sleep Center of Nevada acquisition and continued advancement of its new marketing and distribution model Management to Host Conference Call today at 5:00 pm ET LITTLETON, Colo., May 15, 2025 (GLOBE NEWSWIRE) -- Vivos Therapeutics, Inc. (“Vivos” or the “Company’’) (NASDAQ: VVOS), a leading medical device and technology company specializing in the development and commercialization of ...
Vivos Therapeutics(VVOS) - 2025 Q1 - Quarterly Report
2025-05-15 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q or ☐ 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: 001-39796 Vivos Therapeutics, Inc. (Exact Name of Registrant as Specified in its Charter) (Mark One) | Delaware | 81-3224056 | | --- | --- | | (State or other jurisdiction | (I.R.S. Employer | | of incorporation or organization) | Identification No.) | ☒ QUARTERLY REPORT PURSUA ...
Vivos Therapeutics Schedules Release of First Quarter 2025 Financial Results and Conference Call
Globenewswire· 2025-05-14 13:15
Company Overview - Vivos Therapeutics, Inc. is a medical technology company focused on developing and commercializing innovative diagnostic and treatment methods for sleep-related breathing disorders, particularly obstructive sleep apnea (OSA) and snoring in adults, as well as moderate to severe OSA in children aged 6 to 17 [4] - The company's devices have received FDA clearance for treating all severity levels of OSA in adults and moderate to severe OSA in children [4] - Vivos' CARE devices are the only FDA 510(k) cleared technology for treating severe OSA in adults and the first to receive clearance for treating moderate to severe OSA in children [4] Industry Context - OSA affects over 1 billion people globally, with 90% remaining undiagnosed [5] - The disorder is linked to various serious chronic health conditions, indicating a significant unmet need in the market for effective treatment solutions [5] - Current solutions often fail to address the root causes of OSA, highlighting the importance of innovative approaches like those offered by Vivos [5] Upcoming Events - Vivos plans to release its first quarter 2025 financial results after market close on May 15, 2025, followed by a conference call at 5:00 p.m. ET to discuss the results and recent developments [1] - The conference call can be accessed via a dedicated phone line and will also be available as a live webcast on the company's website [2][3] Innovative Approach - The Vivos Method provides a proprietary, clinically effective solution that is nonsurgical, noninvasive, and nonpharmaceutical, aiming to improve patient outcomes in sleep health [7] - The company collaborates with healthcare providers, including dentists and sleep specialists, to address the complex needs of patients suffering from sleep-related disorders [6]
Vivos Therapeutics, Inc. (VVOS) May Report Negative Earnings: Know the Trend Ahead of Q1 Release
ZACKS· 2025-05-06 15:05
Wall Street expects a year-over-year increase in earnings on higher revenues when Vivos Therapeutics, Inc. (VVOS) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the ...
Vivos Therapeutics Signs Definitive Agreement to Acquire Largest Sleep Center Operator in Nevada
Newsfilter· 2025-04-16 12:30
By acquiring The Sleep Center of Nevada, Vivos expands its business model to make its OSA treatments available to thousands of patients in the greater Las Vegas metro area Acquisition expected to close later this quarter or in the third quarter LITTLETON, Colo., April 16, 2025 (GLOBE NEWSWIRE) -- Vivos Therapeutics, Inc. ("Vivos" or the "Company") (NASDAQ:VVOS), a leader in proprietary, non-invasive treatments for obstructive sleep apnea (OSA), today announced a definitive agreement to acquire the operating ...
Vivos Therapeutics(VVOS) - 2024 Q4 - Earnings Call Transcript
2025-03-31 21:00
Financial Data and Key Metrics Changes - Total revenue for 2024 was $15 million, a 9% increase from $13.8 million in 2023, driven by higher product revenue from appliance sales, partially offset by a decrease in service revenue from fewer VIP enrollments [29][30] - Product revenue increased by 26% to approximately $7.9 million, with 16,182 oral appliance arches and guides sold, compared to 8,240 units for $6.3 million in 2023 [30] - Operating loss decreased by 35% to approximately $11.2 million in 2024 from $17.3 million in 2023, attributed to higher revenue and lower operating expenses [35] Business Line Data and Key Metrics Changes - The company successfully reduced operating expenses by 21%, leading to a significant reduction in operating loss [10] - Sales and marketing expenses decreased to approximately $1.7 million in 2024 from $2.5 million in 2023, reflecting lower sales commissions and expenses [32] - General and administrative expenses decreased by approximately $4.6 million, or 20%, to $17.9 million in 2024, driven by cost-cutting measures [33] Market Data and Key Metrics Changes - The company expanded into the Middle East, gaining regulatory approvals in key markets such as Dubai, Jordan, and Qatar, with demand exceeding forecasts [12] - The new marketing and distribution model aims to capture a significant share of the 125,000 newly diagnosed OSA patients per month in the U.S. [14] Company Strategy and Development Direction - The company is pivoting from a reliance on VIP enrollment revenue to a new model focusing on contractual profit-sharing alliances and acquisitions of sleep testing clinics [14][15] - The strategic alliance with Rebus Healthcare is expected to enhance the company's market presence and drive sales of its appliances [15][16] - The new model aims to present Vivos treatment options to more patients, increasing the likelihood of selecting Vivos over traditional CPAP treatments [20][21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, expecting 2025 to be materially better in terms of top-line revenue and net profits compared to 2024 [70] - The company anticipates that the new marketing model will lead to higher revenue per case and increased profitability as it fully implements adjunctive diagnostic and therapeutic services [19][21] - Management highlighted the importance of training dentists and establishing partnerships with sleep centers to facilitate patient conversions [97][100] Other Important Information - The company raised approximately $17.9 million through equity transactions in 2024, strengthening its liquidity position [13][38] - As of December 31, 2024, the company had approximately $6.3 million in cash equivalents, up from $1.6 million in 2023 [38] Q&A Session Summary Question: What is the incentive for Rebus in the collaboration? - Management explained that Rebus sees an improvement in care quality and a new profit stream by offering Vivos treatments, differentiating themselves from competitors [44][49] Question: Can you elaborate on the transition of the medical integration division to an M&A team? - Management noted that the transition allows for direct engagement with medical sleep testing centers, enhancing the implementation of the new model [55][60] Question: How should investors view 2025 relative to 2024 in terms of revenue? - Management indicated that revenue from the Rebus affiliation will begin to show in 2025, with expectations for substantial growth throughout the year [70] Question: How does the $4,500 revenue from a patient work through the income statement? - Management clarified that this revenue will be categorized under product revenue, with adjustments to COGS for any profit-sharing arrangements [72][74] Question: What factors might affect the speed of converting potential customers into Vivos customers? - Management highlighted the importance of having trained dentists available and noted that they have a ready pool of interested providers [97][100] Question: What is the scale of potential acquisitions of sleep centers? - Management stated that sleep centers are typically profitable but operate on a high volume, low margin basis, indicating a strategic interest in acquiring such centers [114]