The following is a summary of the Helius Medical Technologies, Inc. (HSDT) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Helius Medical Technologies reported a Q4 2023 revenue of $134,000, a decrease from Q4 2022's $282,000.

• Cost of revenue for Q4 2023 was lower at $90,000, compared to Q4 2022's $150,000.

• Operating loss was narrowed to $2.2 million in Q4 2023, from a loss of $2.7 million in Q4 2022.

• Net loss was significantly decreased to $1 million in Q4 2023, down from $4.9 million in Q4 2022.

• As of the end of 2023, the company had $5.2 million in cash with no debt.

Business Progress:

• Helius made progress in 2023 towards securing widespread reimbursement for their PoNS device and FDA approval for stroke treatment.

• Unique HCPCS codes were obtained for the PoNS controller and mouthpiece.

• A program started, aiming to validate the effectiveness of PoNS Therapy for stroke patients.

• Regulatory submission for the therapy is planned for early 2025.

• Canadian expansion continues and 2024 is expected to bring steady progress towards overall company goals.

• The company implemented a telemedicine and e-prescribing hub aiming for speedy delivery of their PoNS devices.

• Partnerships were made with UpScript and neurologists for quicker online diagnoses and e-prescriptions.

• Online PoNS module training for physical therapists has also been established.

• Six Centers of Excellence were added for the PoNS step clinical trial in 2023.

• Veteran Affairs rehab specialists have shown interest in the PoNS device due to prevalence of balance issues in veterans.

• Finally, the company will work towards procuring coverage and reimbursement for PoNS therapy.

More details: Helius Medical Technologies IR

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