NanoString Technologies, Inc. (NASDAQ:NSTG) Q1 2023 Earnings Conference Call May 3, 2023 4:30 PM ET

Company Participants

Doug Farrell – Vice President, Investor Relations and Corporate Communications

Brad Gray – President and Chief Executive Officer

Tom Bailey – Chief Financial Officer

Conference Call Participants

John Sourbeer – UBS

Evan Stampler – Stifel

Kyle Boucher – TD Cowen

Tom Peterson – Baird

Operator

Good afternoon and thank you for attending today’s NanoString First Quarter Operating Results Call. My name is Jason and I’ll be the moderator for today’s call. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. [Operator Instructions]

I would now like to pass the call over to our host, Doug Farrell.

Doug Farrell

Thank you, operator. Welcome everyone. Joining me on the call today is Brad Gray, our President and CEO; and Tom Bailey, our CFO. Earlier today, we released our financial results for the first quarter ended March 31, 2023. During this call, we may make statements that are forward-looking, including statements about financial and operating projections, future business growth, trends and related factors, expectations regarding future operating results, cash flows, current and future instrument orders, and manufacturing capacity, as well as prospects for expanding and penetrating our addressable markets, our strategic focus and objectives, as well as the development status and anticipated success of recently product offerings and the impact of macroeconomic factors.

Forward-looking statements are subject to risks and uncertainties, including those described in our SEC filings. Our results may differ materially from those projected, and we undertake no obligation to update any forward-looking statements. Later in the call, Tom will be discussing our Q1 financial results and guidance for 2023. We have prepared as a supplement GAAP financial measures, selected non-GAAP adjusted measures, the calculation of which are described in detail on press release.

Throughout this call, all financial measures will be GAAP unless otherwise noted. You can find the reconciliations of GAAP to non-GAAP measures, as well as the description, limitations, and the rationale for using each such measure in this afternoon’s press release.

To aid the analysts and investors in building their models, we have posted exhibits under the Financial Information tab of our Investor Relations home page that include a presentation of our non-GAAP or adjusted measures and selected other financial data. I’d like to remind everybody that we’ll be attending the Jefferies Conference in New York City next month. We look forward to having the opportunity to meet with many of you then.