biote Corp. (NASDAQ:BTMD) Q3 2024 Earnings Call November 12, 2024 5:00 PM ET
Company Participants
Szymon Serowiecki - Investor Relations
Terry Weber - Chief Executive Officer
Bob Peterson - Chief Financial Officer
Conference Call Participants
Jonna Kim - Cowen
Jeff Van Sinderen - B. Riley
Kaumil Gajrawala - Jefferies
Les Sulewski - Truist Securities
George Kelly - ROTH Capital Partners
Operator
Welcome to the biote Third Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. I would like now to turn the conference over to Szymon Serowiecki from Investor Relations. Please go ahead.
Szymon Serowiecki
Thank you for joining us today. This afternoon, biote published financial results for the third quarter ended September 30, 2024. This news release is available in the Investor Relations section of the company’s website. Terry Weber, Chief Executive Officer; and Bob Peterson, Chief Financial Officer, will host today’s call.
Before we get started, I would like to remind everyone that management will make statements during this call that include forward-looking statements regarding, among other things, the company’s financial results, future performance growth opportunities, business outlook, strategies, goals, research and development, manufacturing and commercialization activities, competitive position, regulatory process operations, benefits of the solutions, anticipated impact of macroeconomic conditions on the business, results of operations, financial conditions and other matters. These statements are not guarantees of future performance. They are subject to a variety of risks and uncertainties, some of which are beyond the company’s control. Actual results could differ materially from expectations reflected in any forward-looking statements. These statements are subject to risks, uncertainties and assumptions that are based on management’s current expectations as of today. biote undertakes no obligation to update them in the future. Therefore, these statements should not be relied upon as representing the company’s views as of any subsequent date. Discussion of risks and other important factors that could affect our actual results, please refer to our SEC filings available on the SEC’s website and the Investor Relations section of our website as well as risks and other important factors discussed in the earnings release.
Management will also refer to adjusted EBITDA, which is a non-GAAP financial measure to provide additional information to investors. Reconciliation of the non-GAAP to GAAP measure is provided in our earnings release with the primary differences being stock-based compensation, fair value adjustment to certain liabilities, transaction-related expenses and other non-operating expenses. Please refer to our third quarter 2024 earnings release for reconciliation of adjusted EBITDA to net income, the closest comparable GAAP measure.