Personalis, Inc. (NASDAQ:PSNL) Q3 2024 Earnings Conference Call November 6, 2024 5:00 PM ET

Company Participants

Caroline Corner - Investor Relations
Chris Hall - Chief Executive Officer & President
Aaron Tachibana - Chief Financial & Chief Operating Officer
Rich Chen - Chief Medical Officer & Executive Vice President, R&D

Conference Call Participants

Mark Massaro - BTIG
Thomas Flaten - Lake Street Capital

Operator

Good afternoon, everyone, and welcome to Personalis Third Quarter 2024 Earnings Conference Call. All participants are in listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this event is being recorded.

I'd now like to turn the conference over to Mr. Caroline Corner. Please go ahead, ma'am.

Caroline Corner

Thank you, operator. Welcome to Personalis’ third quarter 2024 earnings call. Joining today’s call are Chris Hall, Chief Executive Officer and President; Aaron Tachibana, Chief Financial and Chief Operating Officer; and Rich Chen, Chief Medical Officer and EVP, R&D.

All statements made on this call that do not relate to matters of historical facts should be considered forward-looking statements within the meaning of U.S. securities laws. For example, any statements regarding trends and expectations for our financial performance this year and longer term, cash runway, revenue expectations and timing, reimbursement goals, size and booking of orders, products, services, technology, clinical milestones, the outcome and timing of reimbursement decisions, expectations for our existing and future collaboration activities, cost expectations, our market opportunity, and business outlook.

These statements are subject to risks and uncertainties that could cause actual results to differ materially from our current expectations. We encourage you to review our most recent filings with the SEC, including the risk factors described in our most recent filings. Personalis undertakes no obligation to update these statements, except as required by applicable law.

Our press release with our third quarter 2024 results is available on our website www.personalis.com under the Investors section and includes additional details about our financial results. Our website also has our latest SEC filings, which we encourage you to review. A recording of today’s call will be available on our website by 5 P.M. Pacific Time today.

Now, I would like to turn the call over to Chris for his comments and third [ph] quarter business highlights.

Chris Hall

Thank you, Caroline. Good afternoon everyone and thank you for joining us for our third quarter call. For those of you joining one of our calls for the first time, welcome. Personalis is a leader in the fast-growing MRD testing market. MRD stands for minimal residual disease and involves using blood, which is commonly called a liquid biopsy instead of imaging or invasive biopsies to monitor therapy and to detect cancer recurrence after treatment.