The following is a summary of the Vivos Therapeutics, Inc. (VVOS) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Vivos Therapeutics reported Q1 2024 total revenue of $3.4 million, a decrease compared to $3.8 million for Q1 2023.

• Gross profit decreased to $1.9 million from $2.3 million in Q1 2023, with a resultant drop in gross margin from 61% to 57% year over year.

• Total operating expenses for Q1 2024 decreased by $1.6 million compared to Q1 2023.

• The operating loss for Q1 2024 was approximately $3.8 million, an improvement compared to a $5 million loss for Q1 2023.

• Net loss for Q1 2024 was $3.8 million, higher than the loss of $1.7 million for Q1 2023.

Business Progress:

• Vivos Therapeutics aims to broaden access to its OSA products via a new strategic revenue initiative.

• The company was successful in reducing general and administrative expenses and plans to continue its cost-cutting initiatives.

• Plans for expanding the clinical services scope for the pediatric patient market are in progress.

• Vivos' new operating model focuses on collaborations with medical and sleep testing communities.

• The company asserts that its oral medical devices and Vivos method will become the new standard for treating breathing and sleep disorders.

• The company aims to be cash flow positive by the end of 2024 or the first quarter of 2025.

• The company is evaluating and analyzing their new business model with the help of third-party legal and financial experts.

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