The following is a summary of the Semler Scientific, Inc. (SMLR) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Semler Scientific reported Q4 revenues of $15.1 million, up 9% from Q4 2022, driven by sales of QuantaFlo.

• Fixed fee revenues were $8.8 million, a decrease of 2%, whilst variable fee revenues rose by 28% to $5.8 million.

• Equipment and other revenues were up 71% year-over-year to $0.5 million.

• Operating expenditures were high at $12.5 million due to a $2.5 million write-off and $0.6 million impairment of knowledge investments, resulting in a pre-tax income of $2.8 million.

• Net income was reported at $4.2 million or $0.62 per basic share and $0.55 per fully diluted share.

Business Progress:

• Semler is focused on customer base expansion for PAD and extending its technology to include other cardiovascular applications.

• They are exploring inorganic growth initiatives to diversify their product portfolio and are considerate of expansion outside the Medicare Advantage sphere.

• Semler continues dedicating resources to R&D, further enhancing their products, and plans to seek FDA clearance for the extension of QuantaFlo to aid in diagnosing other cardiovascular diseases.

• Semler is also focusing on up-selling its expanded QuantaFlo offering to its current customer base and targeting the broader cardiovascular diagnostic market.

More details: Semler Scientific IR

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