Brad. you, Thank
many was As mentioned ways, earlier, in I for year challenging Vivos. XXXX a
challenges. reported revenue down our was as GAAP discussed, just of confronted year-over-year slightly Brad we number a As
was material XXX was the issue pandemic-driven stores. which our to dental dentist and we lingering of fewer disruptions, expected, workforce Otherwise, due decline effects recognition patients As faced noted revenue to the policy. revenue portion biggest of ASC that through new walking we previously corresponded a
Combined reeling last and economy any at these with rates, our so length on won't issues call, these in here our I conference from in I an their on XXXX. rehash were them about impact inflationary in talked higher business pervasive interest issues detail. again pressures
the Aside early having laid several Vivos XXXX of XXXX, some from them, and and result productive important refine faced as have to that believe achieved significant say largely to more seize these our foundation in move challenges ways transform we way. adversity, forward to business We have accomplishments these in the very accomplishments. we focused short-term for a strategy ways. in of in opportunity a because our and Suffice and model that
on diversify We beyond to scale industry, believe previous those the our challenges our us forward. reliance rapidly while will going us business enabling to dental allow more
and growth. Number one; over list our From QX, laying accomplishments cash half, than changes made cut future of than the $X.X foundation million. achieved for more was further thereafter. and I'll burn ahead. with by in the anticipated cash each more down course them are our by run to of Here the further then reductions XXXX, burn on we've primary we QX reduced our this quickly we've elaborate
reorganized product introduced to increase who has three, extended easier more we and Vivos' redeployed Number new offer and and access program to Number sales This patients. productivity. dentists, operations Number our new means overhauled that and two, our to to Vivos reorganized our team service we teams. we for far them a put under will more direct and training streamlined lines. leadership. in support resulted options be we Five, able date in threefold a four, dentist
II for Australia tripled XX% we we papers, States, OMT clearances in a Eight, including as our mild the new of appliance resolved. obtained Class sleep XXX regulatory and clearance of multiple FDA United apnea. new device had past from year. symptoms OSA completely moderate DNA the to patients for Seven, treatment that revenue one services exciting we Six, their published which showed this
proposition. durable looking CPAP as to hundreds we with in market several collectively companies known who our for medical discussions patients equipment continue value initiated success failure penetration have DSO and large XX, alternative thousands of see of We solutions. DMEs,
our now and management seven we now the Integration just XX, and case therein. beginning division operations has clinic volume patient locations, medical Pneusomnia to fees are derive from open
operating and entire or efficiencies we changes. renegotiated policy This First, agreements cost entails have vendor organization. staff effort reductions, our throughout months, improved over structure several the and substantially past our terminated
opportunities product We created lines. also our service revenue additional across and
additional lower we providers. dentists services the for VIP now program, addition to cost become to in On our front, options offer Vivos
$X,XXX. become providers little now can as limited as Vivos for Dentists
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and reflect practices our our model revenue to will begin changes this beginning year. operating to These in
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more just offices will stage in to In enrolled expect this continue as XX program the see and the already it VIP of grow we benefits. rapidly infancy doctors the have under program,
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treat TMD apnea, to FDA and the sleep for oral aligners, type, The and the currently mandibular presence across appliance more. of the bruxism, any facial pain, technology are obstructive fatigue, or with has oral patents of both distortions, advancement core Although highly devices allows disorders breathing the regulatory splints, of the clearance headaches, nature et including which orthotic of cetera. distortions, application correlated POD cranial
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of monthly million. that a little to these in initiatives monthly cash of XXXX, As over direct result I've the described, of has now from decreased $X.X burn $X a and first expense our revenue high just million a quarter
impact We XXXX expect lines to we amount as move as will decrease, revenue and cuts cost kick this throughout our of full start continue to the and in. new
much previously become of our XXXX. remain we see and opportunities and track, the encouraged we very by are goal have is middle in stated, that enthused we to the support by free on that flow As We cash goal. of positive
offices. make We under Speaking just dental space. Vivos' continues DSO now also organizations, X,XXX that in pilot of six excellent with programs active DSOs, have progress representing different to
entry suite DSOs practices. different product also to offer our allows their to us Vivos points Broadening into integrate
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annually add to U.S. roughly DSO X,XXX operating the participating in could XXX offices A Vivos' revenue. $XX rather average-sized There line top locations. across with DSOs Vivos today are in XX,XXX million
CPAP noncompliant. also their fulfill of are patients, usage. to and Every companies, prescriptions users known over durable machines units delivered or for to month, in CPAP States, are and significant monitor medical XXX,XXX DMEs, intolerant month medical CPAP new United as the are companies supplies every a portion there there equipment and Turning these who
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while a readily profit can As Vivos with distributor, overhead such making a minimal margin company patients, expense. DME assist nice and
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Our research us. regulatory for to doors also and clinical continues open data more
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you And appliance. last to our DNA clearance is and familiar FDA just of proprietary a before Drug Australia's those equivalent Vivos of received it brand-new with not Administration. for U.S. the For Food end the TGA, the year,
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GM In with in available. a Canada June the only for exclusive FDA-cleared of announced market and rhinomanometer Instruments, dental where deal Vivos became last year, we the distributor the U.S.
as we known practices partnership and and healthcare our continuum Finally, division Vivos specialists, basis, routinely method, objective the cardiologists, method centers. collaboration a on to establish for breathing with OSA to In education additional other facilitating continued primary clinical national E&T doctors, the integration XXXX, Pneusomnia division medical local or Vivos late to care care. Medical new and to disorders. assist is during gaining integration potential pediatricians, primary establish XXXX, the local expand offering our providers, medical medical clinics to pulmonologists providers our access sleep to while who sleep to promote through launched and VIP adult MID physicians, with Plus patients sleep our The patients Pneusomnia ties of dental treat thus see and of
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operating has improving the in increases are open Las the starts end months, has Vegas, during to first integration two past clinics management to clinics In in fees. up flow, of additional addition pneusomnia XXXX, quarter operational division six the Nevada. five Medical we which produced thus consolidated significant in the turn operations, case operating In and at of gearing XXXX, the
two additions development fees, revenue management for of add the expect expect both lines, ahead, clinics appliance these in Vivos, new with in XXXX, we well to we opportunities as Looking will and as clinics deliver Pneusomnia additional terms sales. service and of
Club, the generator am been marketing seen. some has the ever launched Vivos that for to At event, education which of processes time, most I changes new improving have XXXX, the new continuing Seattle talked joined for primary the to attending pleased the was rates organizations sales organizational a same conversion of we and highest earlier, our of country. the prestigious We the that some developments I leadership and training for about also addition in new and Part sales organization. been in here process implement efforts. on has VIPs. prequalification is several in announce and made marketing to focused lead these create implemented Study we which streamlined new dentists the changes, our Now in are one we've campaigns, educational having
results month. we X,XXX audience Xx are number we seeing prior of of for nation's the already dentists, VIPs just With leads new nearly efforts. that the we the March, had In an of in top these from strong generated
about and continuing excited look results throughout this very to year. momentum are the We forward these
For the the above We extremely company. feel reasons, to all we our optimistic extend. about of and scale future see many of opportunities
people, the a and economic and laid support, deeply start contacts, potential. the full model momentum its foundation the future. we've confidence for have to see We to appreciate continued bright company now and the exciting the realize your this as We
Now we'll questions. your take
