The following is a summary of the Aspira Women's Health Inc. (AWH) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Aspira achieved a revenue growth of 15% in 2023 driven by its OvaSuite suite of products.

• The average full-year OvaSuite test volume per full-time sales representative increased by 50%.

• The average unit price grew from $372 in 2022 to $383 in 2023, a sharp increase credited to the improving market access.

• The Q4 2023 OvaSuite revenue was $2.1 million, remaining flat when compared to Q4 in 2022, but saw an overall annual growth with OvaWatch and average unit price increase.

• Cash used in operating activities decreased significantly by 49% in 2023 compared to the previous year.

Business Progress:

• Aspira is developing AI-based assays to enhance the diagnosis of gynecologic diseases.

• Manuscripts discussing the work on OvaWatch are under review for publication.

• OvaMDX, a collaboration with the Dana Farber Cancer Institute, is expected to be finalized by the end of 2024.

• Progress in endometriosis testing has been positive with the EndoCheck assay development on track together with the development of EndoMDX.

• Aspira has introduced Dr. Sandra Milligan as President to expedite their launch plans and secure new innovation and business partnerships.

• In 2023, Aspira further expanded its sales territory and team, and plans to continue this expansion into 2024.

• With the launching of the first-ever protein-based blood test for diagnosing endometriosis and endometrioma, Aspira has shown transformative innovation, which has garnered significant interest in the medical community.

More details: Aspira Women's Health IR

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