Start Time: 08:30 January 1, 0000 9:10 AM ET
EDAP TMS S.A. (NASDAQ:EDAP)
Q1 2023 Earnings Conference Call
May 17, 2023, 08:30 AM ET
Company Participants
Ryan Rhodes - CEO
Ken Mobeck - CFO, U.S. Subsidiary
Francois Dietsch - CFO
John Fraunces - Managing Director of Life Advisors
Conference Call Participants
Joseph Downing - Piper Sandler
Michael Sarcone - Jefferies
Sean Lee - H.C. Wainwright
Frank Takkinen - Lake Street Capital Markets
Operator
Greetings, and welcome to the EDAP TMS First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions]. As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, John Fraunces, Managing Director of Life Advisors. Thank you. Please go ahead.
John Fraunces
Good morning. Thank you for joining us for the EDAP TMS first quarter 2023 financial and operating results conference call. On today's call, we'll hear from Ryan Rhodes, Chief Executive Officer; and Francois Dietsch, Chief Financial Officer; and Ken Mobeck, Chief Financial Officer of the U.S. Subsidiary.
Before we begin, I would like to remind everyone that management's remarks today may contain forward-looking statements, which include statements regarding the company's growth and expansion plans. Such statements are based on management's current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in such forward-looking statements. Factors that may cause such a difference include, but are not limited to, those described in the company's filings with the Securities and Exchange Commission.
I would now like to turn the call over to EDAP's Chief Executive Officer, Ryan Rhodes. Ryan?
Ryan Rhodes
Thank you, John, and good morning, everyone. I will start today's call by providing highlights from the first quarter of 2023 and then turn the call over to Ken Mobeck, our U.S. CFO who will then present the corresponding details of financial performance. After reporting a record fourth quarter, I'm pleased to note that our strong business execution has continued into 2023, reporting our strongest ever first quarter revenue performance.
In Q1 2023, we recorded revenue of €14.8 million, or $15.9 million, which is a year-over-year increase of 13.8% over the first quarter of 2022. Focal One Robotic HIFU sales continue to drive our strong top line performance. During this last quarter, we were successful in placing seven Focal One units, including six equipment sales and one operating lease.