EDAP TMS S.A. (NASDAQ:EDAP) Q3 2022 Earnings Conference Call November 17, 2022 8:30 AM ET
Company Participants
John Fraunces - LifeSci Advisors, IR
Marc Oczachowski - CEO and Chairman of the Board of Directors
Ryan Rhodes - CEO, EDAP US
Francois Dietsch - CFO
Conference Call Participants
Michael Sarcone - Jefferies
Jason Bednar - Piper Sandler
Frank Takkinen - Lake Street Capital Markets
Sean Lee - H.C. Wainwright
Operator
Greetings and welcome to EDAP TMS Third Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
I would now like to turn the conference over to your host John Fraunces, Managing Director of LifeSci Advisors. Thank you, you may begin.
John Fraunces
Good morning, and thank you for joining us for EDAP TMS's third quarter 2022 financial and operating results conference call. On today's call, we will hear from Marc Oczachowski, Chief Executive Officer and Chairman of the Board; Ryan Rhodes, Chief Executive Officer of EDAP U.S.; and Francois Dietsch, Chief Financial Officer.
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 Chairman and Chief Executive Officer, Marc Oczachowski. Marc?
Marc Oczachowski
Thank you, John, and good morning, everyone. I will start by providing a brief operational updates before turning the call over to Ryan Rhodes, our EDAP U.S. Chief Executive Officer for a review of the U.S. business and strategy. And then Francois Dietsch, our CFO, will present our financial performance.
Let me begin by recapping a few of the highlights. For the third quarter, we generated total revenue of €12.2 million or $12.3 million, representing an increase of 29.7% over the third quarter of 2021. Through the nine months of 2022 we generated total revenue of €39.4 million or $41.7 million representing growth of nearly 31% over the comparable period in 2021.