Cytosorbents Corporation (NASDAQ:CTSO) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET

Company Participants

Adanna Alexander - IR
Phillip Chan - CEO & Director
Peter Mariani - CFO

Conference Call Participants

Tom Kerr - Zacks Small-Cap Research

Operator

Thank you for standing by. My name is Catherine, and I will be your conference operator today. At this time, I would like to welcome everyone to the CytoSorbents' Corporation Third Quarter 2024 Earnings Call. [Operator Instructions].

I would now like to turn the call over to Investor Relations Consultant, Adanna Alexander. Please go ahead.

Adanna Alexander

Thank you, Catherine, and good afternoon, everyone. Welcome to Cytosorbents' Third Quarter 2024 Financial and Operating Results Conference Call. Joining me today from the company for the prepared remarks are Dr. Phillip Chan, Chief Executive Officer; and Pete Mariani, Chief Financial Officer. For the Q&A portion of the call, Dr. Chan and Mr. Mariani will be joined by Vincent Capponi, President and Chief Operating Officer; Dr. Makis Deliargyris, Chief Medical Officer; Dr. Christian Steiner, Executive Vice President of Sales and Marketing and Managing Director of CytoSorbents Europe; and Christopher Cramer, Senior Vice President of Business Development.

Before I turn the call over to Dr. Chan, I'd like to remind listeners that during the call, management's prepared remarks may contain forward-looking statements, which are subject to risks and uncertainties. Management may make additional forward-looking statements in response to your questions today. Therefore, the company claims protection under the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

Actual results may differ from results discussed today. And therefore, we refer you to a more detailed discussion of our performance represented by management include estimates today as of November 7, 2024, and we assume no obligation to update these projections in the future as market conditions change. During today's call, we will have an overview presentation covering the operating and financial highlights for the third quarter 2024. Following the presentation, we will open the line to your questions during the live Q&A session with the rest of the management team.

And now it is my pleasure to turn the call over to Dr. Phillip Chan.

Phillip Chan

Thank you very much, Adanna, and good afternoon, and welcome, everyone, to our third quarter 2024 earnings call. CytoSorbents is a leader in the treatment of life-threatening conditions in the intensive care unit and cardiac surgery through blood purification and the removal of harmful substances from blood with our proprietary sorbent bead technology. Cartridges filled with these beads are high-margin single-use disposables that are plug-and-play compatible with the existing blood pump machines found in hospitals today, such as dialysis, ECMO and heart-lung machines.