Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) Q3 2024 Earnings Conference Call October 28, 2024 4:30 PM ET

Company Participants

Matt Steinberg - Finn Partners
Scott Davis - Chief Executive Officer
Jerome Wong - Chief Financial Officer

Conference Call Participants

Ben Haynor - Lake Street Capital Markets
Swayampakula Ramakanth - H.C. Wainwright

Operator

Greetings, and welcome to the Ekso Bionics Quarter Three 2024 Financial Results Call. At this time, all participants are in the listen-only mode. A 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 Matt Steinberg, Finn Partners. Thank you. You may begin.

Matt Steinberg

Thank you, operator, and thank you all for participating in today's call. Joining me from Ekso Bionics are Scott Davis, Chief Executive Officer; and Jerome Wong, Chief Financial Officer. Earlier today, Ekso Bionics released financial results for the quarter ended September 30th, 2024. A copy of the press release is available on the company's website.

Before we begin, I would like to remind you that management will make statements during this call that include forward-looking statements within the meaning of the Federal Securities Laws, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Any statements made during this call that are not statements of historical facts should be deemed to be forward-looking statements.

All forward-looking statements include statements regarding our business strategy, future financial or operational expectations, or our expectations of the regulatory landscape governing our products and operations are based upon management's current estimates and various assumptions. These statements involve material risks and uncertainties that could cause actual results or events to materially differ from those anticipated or implied by these forward-looking statements.

Accordingly, you should not place undue reliance on these statements. For a list and description of the risks and uncertainties associated with Ekso's businesses, please see its filings with the Securities and Exchange Commission. Ekso disclaims any obligation, except as required by law, to update or revise any financial or operational projections, its regulatory outlook or other forward-looking statements, whether because of new information, future events or otherwise. Any forward-looking statements made on this call speak only as of the date of this call.

I will now turn the call over to Ekso Bionics’ Chief Executive Officer, Scott Davis.

Scott Davis

Thank you, Matt. The third quarter reflected a period of transition in progress, particularly within our personal-line of EksoHealth devices. Notably, in August, the approval and reimbursement of the initial CMS claim for our Ekso Indego Personal, represented a significant milestone for Ekso and importantly, patients with spinal cord injuries. After CMS established pricing determination for our Ekso Indego Personal in April, we immediately executed our field communication strategy to ensure that all targeted health care providers were made aware of the new CMS access and coverage policy that could impact thousands of Medicare and Medicaid patients living with a spinal cord injury.