InMode Ltd. (NASDAQ:INMD) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET
Company Participants
Miri Seagal - Investor Relations
Moshe Mizrahy - Chief Executive Officer
Michael Kreindel - Co-Founder and Chief Technology Officer
Yair Malca - Chief Financial Officer
Shakil Lakhani - President, North America
Spero Theodorou - Chief Medical Officer
Rafael Lickerman - Vice President, Finance
Conference Call Participants
Matt Miksic - Barclays
Joseph Stringer - Needham & Company
Operator
Good morning and welcome to the InMode First Quarter 2024 Earnings Results Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to hand the conference over to Miri Seagal, CEO of MS-IR. Please go ahead.
Miri Seagal
Thank you, operator and everyone for joining us today. Welcome to InMode’s first quarter 2024 earnings call. Before we begin, I would like to remind our listeners that certain information provided on this call may contain forward-looking statements. And the Safe Harbor statement outlined in today’s earnings release also pertains to this call. If you have not received a copy of the release, please go to the Investor Relations section of the company’s website.
Changes in business, competitive, technological, regulatory and other factors, could cause actual results to differ materially from those expressed by the forward-looking statements made today. Our historical results are not necessarily indicative of future performance. As such, we can give no assurance as to the accuracy of our forward-looking statements and assume no obligation to update them except as required by law.
With that, I’d like to pass the call over to Moshe Mizrahy, InMoode’s of CEO. Moshe, please go ahead.
Moshe Mizrahy
Thank you, Miri and to everyone for joining us. With me today are Dr. Michael Kreindel, our Co-Founder and Chief Technology Officer; Yair Malca, our Chief Financial Officer; Shakil Lakhani, our President in North America; Dr. Spero Theodorou, our Chief Medical Officer; and Rafael Lickerman, our VP of Finance. Following our prepared remarks, we will all be available to answer your question.
I would like to start with a review of development during the first quarter. In the beginning of 2024, we launched our two new and advanced platforms, IgniteRF and Optimus Max. Meanwhile, the macro environment continued to be challenging and we experienced slowdown all through the first quarter. As a result, we decided to decrease our guidance for the year. We believe that industry headwinds may continue into the second quarter as well.