Sientra, Inc. (NASDAQ:SIEN) Q3 2022 Earnings Conference Call November 10, 2022 4:30 PM ET

Company Participants

Oliver Bennett - SVP, General Counsel & Chief Compliance Officer

Ron Menezes - President, CEO

Lisa Rosas - SVP, Sales and Marketing

Denise Dajles - SVP, R&D and Regulatory

Andy Schmidt - CFO

Conference Call Participants

Alex Novak - Craig-Hallum

Caitlin Cronin - Canaccord Genuity

Jeremy Pearlman - Maxim Group

Jonathan Block - Stifel

Maggie Boeye - William Blair

Operator

Welcome to the Sientra's Earnings Conference Call. My name is Hilda and I will be your operator for today. At this time, all participants are in listen only mode. Later we will conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded.

I will now turn the call over to Mr. Oliver Bennett. Mr. Bennett, you may begin.

Oliver Bennett

Good afternoon, and welcome to this Sientra third quarter 2022 earnings conference call. On our call today, we have Ron Menezes, Sientra's President and Chief Executive Officer; Andy Schmidt, Sientra's Chief Financial Officer; Lisa Rosas, Sientra's Senior Vice President of Sales and Marketing, and Denise Dajles, Senior Vice President of R&D and regulatory.

We're excited that you could join us today as we report yet another record-breaking quarter and provide our vision for why we believe Sientra is positioned to continue at market leading growth into 2023 and beyond. Has reported earlier today Sientra had Q3 revenues of $22.6 million, which is not only a record quarter, representing 15% year-over-year growth, but also equals one of the highest quarterly revenue performances for the company ever.

We are extremely proud of this achievement, as it comes not only in the seasonally the lowest quarter of the year, but also at a time when our competitors have reported declines in the United States breast fat businesses. Not only did we report record revenues for the third quarter of 2022, but we also reported a record low free cash outflow of $3.6 million for the quarter. And Andy will detail later our call our continued focus on bottom line discipline is paying results without compromising our top-line revenue growth.

I have to remind everyone that in our remarks today, we will be including forward-looking statements, both in our prepared remarks and response to any questions you may ask. These forward-looking statements are based on management's current assumptions and expectations of future events and trends. Our actual results may differ materially from those expressed in or implied by the forward-looking statements. The company undertakes no obligation to update or review any estimate projection or forward-looking statement.