Bionano Genomics, Inc. (NASDAQ:BNGO) Q4 2022 Earnings Conference Call March 9, 2023 4:30 PM ET

Company Participants

Amy Conrad - Investor Relations

Erik Holmlin - Chief Executive Officer

Chris Stewart - Chief Financial Officer

Conference Call Participants

Jeffrey Cohen - Ladenburg

Sung Ji Nam - Scotiabank

Michael Okunewitch - Maxim Group

Mark Massaro - BTIG

Operator

Good day and welcome to the Bionano Fourth Quarter and Full Year 2022 Earnings Conference Call. [Operator Instructions] Please be advised that this conference is being recorded. At this time, I would like to turn the conference over to Amy Conrad from Investor Relations. Please go ahead.

Amy Conrad

Thank you, Michelle and good afternoon everyone. Welcome to the Bionano Genomics fourth quarter and full year 2022 financial results conference call. Leading the call today is Dr. Erik Holmlin, CEO of Bionano. He is joined by Chris Stewart, CFO of Bionano. After market close today, Bionano issued a press release announcing its financial results for the fourth quarter and full year 2022. A copy of the release can be found on the Investor Relations page of the company’s website.

I would like to remind everyone that certain statements made during this conference call are forward-looking, including statements about Bionano’s strategic and commercialization plan, sales pipeline, future fundraising activities and prospects, anticipated benefits or improvements to the Saphyr System and Ionic Purification System, goals and anticipated milestones for 2023, an achievement of our Elevate growth strategy, our anticipated compound annual growth rate, the size and our ability to access our estimated target market, the advantage of the Saphyr System and Ionic Purification System of our current technologies, the anticipated benefits of recent acquisitions, expectations regarding timing and content of study results and anticipated benefits of these studies in driving adoption of the Saphyr System and Ionic Purification System.

Such forward-looking statements are based upon current expectations and there can be no assurances that the results contemplated in these statements will be realized. Actual results may differ materially from such statements due to a number of factors and risks, some of which are identified in Bionano’s press release and Bionano’s reports filed with the SEC. These forward-looking statements are based on information available to Bionano today and the company assumes no obligation to update statements as circumstances change.

In addition, to supplement Bionano’s financial results reported in accordance with U generally accepted accounting principles or GAAP, the company is reporting non-GAAP operating expense. This non-GAAP financial measure is not meant to be considered in isolation or as a substitute for comparable GAAP measures should be read in conjunction with the company’s consolidated financial statements prepared in accordance with GAAP has no standardized meaning prescribed by GAAP and is not prepared under any comprehensive set of accounting rules or principles. A description of non-GAAP operating expense and reconciliation of non-GAAP operating expense to GAAP operating expense are included at the end of the company’s earnings release issued earlier today, which has been posted on the Investor Relations page of the company’s website. An audio recording and webcast replay for today’s conference call will also be available online in the Investors section of the company’s website.