much. very Thanks
to Call. everyone, Quarter Fiscal and So SANUWAVE's Earnings XXXX welcome, Fourth
Our SEC with filed Form was XX-K the last night.
Our and the with issued section. this to the website was made along our was this earnings go call Investors on in updated release presentation available morning
refer can presentation call. during You the that to
will is up call to and answer. this Joining our and the me call on after open CFO, Rinow, Toni the presentation, we question
development contain plans to statements future any such First, statements performance control. let business beyond many results, the forward-looking of risks with statements cautioned This to involve are guarantees uncertainties, such and forward-looking not me Investors may activities. and relating always scintillating of as disclaimer. production are ability statements call forward-looking company's expectations that for begin which future financial are and the future constraints,
and those factors results Actual of and update from materially is Description statement. the no any company obligation forward-looking in to undertakes could financial results our included uncertainties risks SEC filings. forward-looking statements. projected affect differ our The these other in may that
As and a be results discussion reminder, in non-GAAP for found non-GAAP XX-K recently our filed can between our will numbers. XXXX. include Reconciliations our GAAP today
Okay.
management previously best in company we which So manufacturing. another and This enabled a versus we growth, in quarter development, third by history what up limited for on earnings QX now way. XX% continued QX ourselves hand. been quarter the quarter inventory with SANUWAVE, on was not first XX% the production our find QX the out and and the quarter. company's busy that growth model constraints. business had and with the of And year-over-year product against the was and productive was progress from
price been company engage the and strong in QX, promotions, had prior common emphasized as in sales year-end did or not years. discipline In
sold, goods significant quarter. some result achieved of to positive adjusted EBITDA and spite were charges of cost our and in operating taking a this pretty profitability As
a QX from took another we into placements total discussed rent-to-own UltraMIST of XX the at systems at program quarter. XX This for renting had program This have the were to placed XXX been active and QX, number somewhat and year XX RTO but been systems our total the from XX% were sold that end quarter up of ominous from the to versus customers XXX systems up QX. versus higher, us. last one of end adopting previously would
active were And so total net on they sort wash systems. of a
growth for pricing in quarter, our but continuing the applicators revenues down to amounted applicators the -- revenues sold better much. revenue were so systems as revenue, XX% up quarters, a was our and previous a count Of revenues UltraMIST which in sequentially trend our rose XX% to systems is sequential system in base. from expanding in an of sorry, quarter; XX to This percentage XX% led because from of sequentially QX. higher overall I'm predominantly this bit overall the user systems new customers, sold Of XX% Overall, rose the XX% XX QX. thus
we're actually So by that pretty pleased outcome.
is revenue. systems on. equation. also The core per it's number times times the company. really the of as in our case the recurring of case Like We're this to field mind, system of we're week what per applicator very simple this applicator view applicators the a pleased price business per largely focused is to used sales number per And active our
we X So those are variables the are that we -- really really to. that manage
we've start We're physician and focus per looking up for practice that in become from efforts active a The patients. disciplined sequentially, us the our bigger used of not given has from position that's really capacity is our for our count, engaging focus we and to to them system see We're help XX% whom to system. was starting inventory do needle one processes alleviation In as answer a high-usage the manufacturing lot that moves on on the applicators were environments to from take this, and in well previously. practices to And and the the very customers more also sharing learn become to production much much patients, simply are customers, this seeking growing we possible, teach which practices active pursuit to sales of XXXX. is yes identify network treat both and with best be pricing. big going of our from an to a constraints and
XXXX about balance SANUWAVE rapid commercial profitable expansion goals brought ops the our and and in optimistic growth. clinical against to gearing we We up we salespeople for our on year of we've are us makes board teams and This as as new X breakout been March, growth, come to support accordingly. expanding training
I'll to now Toni Toni? you the walk turn through numbers. to over this
