The following is a summary of the ENDRA Life Sciences Inc. (NDRA) Q4 2023 Earnings Call Transcript:

Financial Performance:

• For the full fiscal year ending December 31, 2023, ENDRA saw decreased operating expenses from $13.2 million in 2022 to $10.5 million, driven mainly by reduced outlays for research and development and sales & marketing.

• The net loss for 2023 came in at $10.1 million or $1.58 per share, an improvement over the net loss of $13.2 million or $4.50 per share recorded in 2022.

• As of year-end 2023, the company holds cash and cash equivalents amounting to $2.8 million.

Business Progress:

• ENDRA installed its TAEUS system at King's College Hospital in London for a scheduled clinical study with an expected enrollment of 75 subjects.

• The company is taking steps to penetrate the US market, scheduling an in-person meeting with the FDA in Q2 2024 as part of the regulatory submission process.

• With IRB approval in hand, a new study will compare TAEUS-derived fat fraction measurements with MRI-PDFF in a collaboration with the University of Michigan.

• Beyond the existing technology and markets, the company is eyeing new licensing opportunities for its intellectual property.

• ENDRA's patent portfolio continues to grow, reaching a total of 75 patents issued globally.

More details: ENDRA Life Sciences IR

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