USBC, Inc. Q3 FY2024 Earnings Call

· Earnings call transcript and AI-powered summary

  • Date: Not specified (Q3 Fiscal 2024)
  • Company: Know Labs
  • Presenters: Ron Erickson (Chairman & CEO), Pete Conley (CFO & SVP of Intellectual Property)

Key Operational Highlights

  • KnowU CGM Device: Successfully miniaturized and launched KnowU, an 85% smaller, wearable continuous glucose monitor only eight months after the Gen1 prototype launch. Companion mobile app introduced.
  • Clinical Trials: Multiple studies presented at leading conferences. Most notable MARD (Mean Absolute Relative Difference) values:
    • 11.8% – American Diabetes Association (84th Sessions)
    • 11.1% – American Association of Clinical Endocrinology 2024
    • 10.8% – American Physiological Society Summit
    • 11.1% – ATTD Conference, Florence, Italy
    All trials used venous blood glucose as reference – adhering to FDA gold standard.
  • New Study Published: Peer-reviewed article in Diabetes Technology and Therapeutics, showing 93.37% accuracy in glycemic classification using RF technology.
  • Device Testing: Expanded testing in diverse populations and glycemic ranges. Continuous data collection enabled through the wearable device format.

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Operator: Greetings. Welcome to Know Labs's Third Quarter 2024 Earnings Conference Call. Please note this conference call is being recorded. I will now turn the conference over to Ron Erickson, Know Labs's Chairman and Chief Executive Officer. Please go ahead. Ron Erickson: Thank you, operator. Thank you, everyone, for joining us for today's conference call to review Know Labs's third quarter 2024 financial results and operating highlights. Joining me today is Pete Conley, our Chief Financial Officer and Senior Vice President of Intellectual Property, who will discuss our financial results. Missing today is Jordyn Hujar, who many of you have heard from, our long-term Chief of Staff. Jordan is on maternity leave taking care of her new son and doing wonderfully well. If you have not seen today's financial results, press release, or 10-Q filings, they're available on the Investors page on the company's website at www.knowlabs.co. Before providing an update on our activities, I'd like to remind you that during this conference call, the company will make projections and forward-looking statements regarding future events. Any statements that are not historical facts are forward-looking statements. We encourage you to review the company's SEC filings, including without limitation, the company's Forms 10-K and 10-Q, which identify specific risk factors that may cause actual results or events to differ materially from those described in these forward-looking statements. These factors

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