Good afternoon, welcome to the ADMA Biologics 2nd quarter 2023 financial results and corporate update conference call on Wednesday, August 9, 2023. At this time, all participants are in a listen-only mode. There will be a question and answer session to follow. Please be advised that this call is being recorded at the company's request and will be available on the company's website approximately 2 hours following the end of the call. At this time, I would like to introduce Skyler Bloom, Senior Director, Business Development and Corporate Strategy at ADMA Biologics. Please go ahead. Welcome, everyone, thank you for joining us this afternoon to discuss ADMA Biologics' financial results for the second quarter 2023 and recent corporate updates. I am joined today by Adam Grossman, President and Chief Executive Officer, Brian Lenz, Executive Vice President, Chief Financial Officer, and General Manager of ADMA BioCenters. During today's call, Adam will provide some introductory comments and provide an update on corporate progress, Brian will provide an overview of the company's second quarter 2023 financial results. Adam will then provide some brief summary remarks before opening up the call for questions. Earlier today, we issued a press release detailing the second quarter 2023 financial results and summarized certain achievements in recent corporate updates. This release is available on our website at www.admabiologics.com. Before we begin our formal comments, I'll remind you that we will be making forward-looking assertions during today's call that represent the company's intentions, expectations, or beliefs concerning future events, which constitute forward-looking statements for the purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to factors, risks, and uncertainties, such as those detailed in today's press release announcing this call, as well as in our filings with the SEC, which may cause actual results to differ materially from the results expressed or implied by such statements. In addition, any forward-looking statements represent our views only as of the date of this call and should not be relied upon as representing our views as of any subsequent date. We specifically disclaim any obligations to update any such statements except as required by the federal securities laws. We refer you to the Disclosure Notice section in our earnings release we issued today in the Risk Factors section of our 2022 Annual Report on Form 10-K for the year ended December 31st, 2022, as well as our quarterly report on Form 10-Q for the quarter ended June 30th, 2023, for a discussion of important factors that could cause actual results to differ materially from these forward-looking statements. Please note that the discussion on today's call includes certain non-GAAP financial measures, including Adjusted EBITDA and adjusted net loss. A reconciliation of these non-GAAP financial measures to the nearest comparable GAAP metric is available in our earnings release. With that said, I would now like to turn the call over to Adam Grossman. Adam? Thank you, Skyler. We're proud to report that we continue to rapidly grow our Adjusted EBITDA base, which during the second quarter totaled $6.4 million, representing 160% sequential growth compared to the first quarter of 2023. This accomplishment was facilitated by an impressive 77% year-over-year increase in total revenues, which reached $60.1 million in the second quarter. This robust revenue growth has resulted in meaningful operating leverage, underpinned by continued gross profit growth and disciplined management of operating expenditures. Based on the strong momentum established year to date, we are now raising fiscal year 2023 total revenue guidance to more than $240 million, upwardly revised from the $220 million previously provided. Additionally, we remain confident in sustaining our growth trajectory in Adjusted EBITDA throughout the remainder of 2023 and beyond. The encouraging business trends and compelling forward-looking indicators have enabled ADMA to increase fiscal year 2024 and fiscal year 2025 total revenue guidance to at least $275 million and $325 million, respectively, and otherwise reiterate confidence in meeting or exceeding all profitability targets. In our view, ADMA's year-to-date financial results, combined with the increased financial guidance, place ADMA among only a select few standalone biopharma companies with comparable revenue growth profiles and Adjusted EBITDA generation. We believe this financial profile, coupled with ADMA's unique asset scarcity value, position the company amongst an elite biopharma peer group. We believe our continued success in the growing US. $10 billion immunoglobulin end market is attributable to our innovative business model, unique product portfolio, targeted medical education efforts, and most importantly, our core focus on treating underserved immune deficient patient populations. Since launching commercially, ADMA has been unwavering in its specialized focus on the primary immune deficient patient population, and we believe it is this concentration that has enabled ADMA to maintain its position as the fastest-growing provider of immunoglobulin in the United States marketplace. During the second quarter, we treated a record number of primary immune deficient patients and gained strong market share, paving the way for promising new business prospects and expected go-forward success in this market segment. Our evolving product mix continues to maintain its favorable and strengthening trajectory in 2023. We believe the growth of ASCENIV is driven by its unique composition and utilization among immunoglobulin therapies, and its real-world evidence to improve outcomes for at risk immune-compromised patients with primary immunodeficiency, or PI. The value proposition of ASCENIV within the immune globulin landscape was further articulated during our presence at the 2023 Clinical Immunology Society Annual Meeting, which took place during the second quarter. At this meeting, ADMA sponsored a well-attended medical education symposium presented by a nationally recognized key opinion leader, who spoke about the real-world challenges associated with respiratory viral infections, or RVIs, in patients with PI. Despite the availability of standard immune globulin therapies, experts noted that more than 90% of patients with PI continue to experience recurrent infections and associated complications. Clinical data presented at the CIS meeting highlighted that more than one-third of this population continued to experience bronchiectasis, along with a rapid decline in lung function, adversely impacting outcomes and causing quality-of-life issues for patients and their families. Of particular significance, certain patients with PI exhibit T cell defects and thus can experience prolonged RVIs that present risk for bacterial superinfections and poor outcomes. The real-world case report presented an at-risk patient that was successfully treated with ASCENIV. We are encouraged to see the unique product profile of ASCENIV continues to resonate in clinical practice, real-world settings. Along these lines, we are seeing signs of patient and prescriber persistence, bolstered by a record expansion of new accounts and reorder prescribing velocity among existing customers. We anticipate that this therapy will continue to capture an even greater share of our overall product portfolio mix over the coming periods and beyond. During the second quarter and recent periods, we made progress in advancing growth opportunities that will, if successful, further enhance our position in the market and increase our potential earnings power. One such opportunity is the recent successful advancement of multiple ASCENIV batches through production at the expanded 4,400-liter manufacturing scale. This expansion is expected to improve the product's margin profile and increase plant production throughput capacity, supporting our forecasted rapid growth trajectory. We anticipate these benefits may be realized beginning later in 2023 and into 2024 and beyond. Secondly, the advancement of our yield enhancement initiatives is showing promise. The company has made progress with development, scale, and laboratory analyses, with the potential to increase both peak revenues and margin potential upon the successful validation of commercial-scale production and receipt of requisite regulatory approvals. The impact of yield enhancement initiatives, if successful, could provide for potentially transformative upside to the company's peak financial targets. Finally, our ongoing post-marketing clinical studies are progressing well and may provide label expansion opportunities, further strengthening our product portfolio compared to our immunoglobulin peers. As we have detailed in today's press release, I'd like to reiterate that the increased revenue guidance we have provided does not yet include any potential upside from these growth initiatives should they materialize. We look forward to updating the market on these developments. On the normal source and RSV Plasma Supply front, we believe we are well prepared to support all upwardly revised revenue forecasts for our immunoglobulin portfolio. The rapid expansion of our BioCenters collection network, in addition to our contractually secured third-party supply contracts, provide us with the financial and supply chain flexibility needed to meet our immunoglobulin portfolio's growing end market demand. Currently, all 10 collection centers in our network are operational, with 9 now FDA licensed, and we anticipate achieving complete FDA licensure before year-end 2023 for our 10th collection center, after which we believe we will have established cost-competitive plasma supply self-sufficiency. As we reflect on our journey and the milestones we've achieved, it becomes evident that ADMA's success is a direct result of the unwavering dedication and hard work exhibited by our exceptional employees. It is with great appreciation that we recognize the commitment, passion, and diligence that each team member brings to the table, driving our organization's triumphs and enabling us to take complete control of operations, aligning with our core vision. We believe this solid foundation paves the way for even greater expected success in the future. We extend our gratitude to the entire ADMA Biologics and ADMA BioCenters teams for your relentless efforts you put in day in and day out. Your remarkable contributions not only fuel our accomplishments, but also make a meaningful difference in the lives of those who rely on us. It is the collective spirit and teamwork that make our workplace truly exceptional. With this said, I'd now like to turn the call over to Brian for a review of the second quarter 2023 financials. Thank you, Adam. We issued a press release earlier today outlining our second quarter 2023 financial results. We will be also issuing our second quarter 10-Q later this afternoon, which we would encourage you to read in conjunction with our comments and discussion points we will make during today's call. I will now discuss some of the key highlights from the second quarter. As Adam mentioned earlier, total revenues for the three months ended June 30th, 2023, were approximately $60.1 million, as compared to $33.9 million during the three months ended June 30th, 2022. This represents an increase of $26.2 million, or approximately 77%. The increase is attributed to our higher sales of our immunoglobulin products, driven by increased physician, payer, and patient acceptance and utilization, as well as expansion of our customer base. The growth in product revenues during the quarter was partially offset by a $1.4 million decrease in third-party plasma sales from our ADMA BioCenters business segment. This was consistent with our expectations in the context of fulfilling our long-term plasma supply agreement during the first quarter of 2023. Our gross profit for the three months ended June 30, 2023, was $16.7 million, as compared to $7.8 million for the same period of a year ago. This represents an increase of $8.9 million. As a result of this increase, ADMA achieved a gross margin of 27.8% in the s econd quarter of 2023, as compared to 22.9% in the second quarter of 2022. Importantly, accounting for an estimated $2.1 million impact on a second quarter cost of goods sold pertaining to an IT disruption, which the company took responsive steps to rapidly remediate and normal course production and operations have resumed across our business units. ADMA estimates second quarter 2023 calculated gross margin would have been 31%-32% on a normalized basis. We believe the pathway is well paved to continue to grow gross profits over the coming periods. Our consolidated net loss was $6.4 million for the second quarter of 2023, as compared to $13.8 million for the second quarter of 2022. The $7.4 million decrease in net loss was mainly due to the narrowed operating loss of $8.7 million, attributable to the increased revenues, gross profit, and the increase of interest income of $0.4 million, partially offset by the $1.7 million increase in interest expense. Adjusting for $2.8 million in total of non-recurring charges related to the IT disruption, our Adjusted net loss was $3.6 million for the second quarter of 2023, a significant period-over-period improvement. ADMA grew Adjusted EBITDA to $6.4 million for the three months ended June 30th, 2023, as compared to an Adjusted EBITDA loss of $6.3 million the same period of a year ago. The Adjusted EBITDA improvement was driven primarily by increased sales and gross profit. We anticipate continued Adjusted EBITDA growth throughout this year and beyond. ADMA's balance sheet remains strong. At June thirtieth, 2023, ADMA had working capital of $224.3 million, primarily consisting of $161.8 million of inventory, cash and cash equivalents of $62.5 million, and $36.7 million of accounts receivable. This was partially offset by current liabilities of $42 million. Our ADMA BioCenters network now consists of 9 FDA-licensed collection centers, with one final center operational and collecting plasma, which is pending FDA licensure, anticipated for year-end 2023. In the same period, we forecast raw material, plasma supply self-sufficiency from all 10 of our centers. We remain encouraged by the real-time improvements in donor foot traffic and collection volumes, which continue to achieve record all-time highs, and we remain considerably above our organization's pre-pandemic levels. With that, I'll now turn the call back over to Adam for closing remarks. Thank you, Brian. The company's growth and business trends are stronger than ever. We believe our forward-looking visibility allows us to confidently meet or exceed our newly increased financial targets. With a solid foundation in our supply chain and commercial infrastructure, we anticipate maintaining best in class revenue growth and potentially achieving an ultimate margin profile at the upper bound amongst our IG peers. In the immediate periods ahead, we expect to grow Adjusted EBITDA and advance towards net income profitability. We are additionally committed to thoughtfully pursuing new growth opportunities. We are optimistic about the potential they hold for further enhancing our profitability over the near and longer term. We are excited to build on the momentum of the second quarter of 2023 and to drive further success and stockholder value. Although ADMA has terminated its financial advisory agreement with Morgan Stanley, the evaluation of strategic business alternatives remains ongoing and a top corporate priority for the company. Thank you for your continued support and trust in the company. We look forward to our journey ahead. I would like to thank you, our stockholders, for your continued support as your investment in ADMA helps to advance our mission to save lives and make high quality, safe, and efficacious products that help our friends, family, and neighbors.... Please donate plasma and help save lives. With that, I'd now like to open up your call for questions. Operator? Thank you. Today's question and answer session will be conducted electronically. We'll pause just a moment to assemble the roster. Our first question comes from Gary Nachman with Raymond James. Your line is open. Hi, guys. Good afternoon. Nice quarter and raised guidance. Thanks for the party, Gary. Yep. Yes, no, it's good to be here. Adam, maybe you could talk more about the uptake you're seeing with ASCENIV, specifically, what types of patients are getting put on it, and what's the reimbursement status, given the higher price point for the product? Also, you know, the persistence you're seeing for both the patients and the physicians that you mentioned. You know, what portion of the revenue is currently ASCENIV versus BIVIGAM? What are some of your initiatives to expand that uptake with ASCENIV even further? Thank you for the, for the great questions. There's a lot there, so I hope I touch on everything. What I can say, to answer one of your, I think, your third question first, roughly about a third of the revenue is coming from our higher margin products. We're seeing sequential growth quarter-over-quarter. We're seeing increased uptake. You know, we, we, we tried in the prepared remarks in the press release to emphasize, because we've been getting this question a lot from analysts, from, from investors, who are these patients? We're really trying very hard to delineate that these are primary immune deficient patients. These are people that are diagnosed with one or more forms of immune deficiency. Some patients may even be medically immune compromised, and these patients have comorbidities, they have other risk factors, they have T cell issues, they have bronchiectasis. They have an increased risk of respiratory viral infections. These are patients who are typically on standard immune globulin therapy but don't seem to do that well. They continue to have problems, they continue to miss days of work and school. The, the long story short is that since ASCENIV, I should say, prior to ASCENIV, there was no alternative for these patients. It was just standard IVIG, switching from one brand to another. ASCENIV really offers the first type of product where it's made in a unique way that's protected by our patents. We use plasma collected from donors that are tested to have high titers to certain respiratory viral pathogens, and then we blend this plasma, making a product that has a differentiated antibody profile. What I can tell you, Gary, is that the data that's out there in the public domain shows that we are seeing improved outcomes in these patients. Patients are durable. They're staying on therapy for, for multiple years at this point in time. You know, we're in our third year since the commercial launch of the product, and really, it's, it's been a grassroots effort here. What we're seeing now is a more rapid uptake. You asked about payers and reimbursement. In the right patient types, we're not seeing challenges there. You know, patients that have documented persistent and chronic infections, patients that cost the system a lot of money because they're hospitalized one or more times per year. Again, they have bronchiectasis. Many of these patients go on organ transplant lists after multiple bouts of bacterial pneumonia. The pharmacoeconomic rationale is gaining momentum out there, and because every IVIG has a unique J code, reimbursement is being received for the product. I can tell you that we are penetrating existing accounts. Once clinicians see the results in their problematic immune deficient patients, they are more willing to try the product in additional patients. We're seeing this rapid utilization and a more rapid uptake quarter-over-quarter. We think that ASCENIV is still in the early innings. As we look at the primary immunodeficiency market, there's roughly 250,000-500,000 people diagnosed with one or more forms of primary immunodeficiency, and roughly somewhere between 10%-30% of these patients, we feel, could be our target market. There's tens of thousands of patients. We feel that we potentially haven't even scratched the surface. We're now making ASCENIV at the 4,400-liter scale. The margins that you're seeing for the product today, it's product that we made last year. You're seeing our expenses today, but the revenue that we are generating is from product that was made last year. What I can tell you is that as, as we're looking at our yields, as our business is operating more efficiently, as we're getting better, you know, I, I don't just pat our employees on the back. They're doing a better job than they ever have, and, and we're spending less, and, and we're gaining more yield, gaining more efficiency, controlling costs better. We think we've got wind at our backs. We feel really confident that the drug is doing what we intended. You know, maybe I'll just touch on this a little bit too, that, you know, we, we've been focused in the primary immune deficient market since the company was founded. Our motto is advanced therapies for the immune compromised. This isn't something that we're just making up today just because of where, where the status is and, and where the industry is. You know, many of our larger competitors are now starting to talk about primary immunodeficiency. We've only been talking about immunodeficient patients since inception. It's why I founded the company. It's why Jerry and I put our money up to start this company, is we recognized an unmet medical need in the immunodeficient patient population 15 years ago. We're seeing the benefits of, of, of that today. We really feel that we've been the, the vocal champion, and this is something I've said on multiple conference calls. We're the vocal champion for the immunodeficient population that typically doesn't have a voice. We're very proud of the work that we're doing and the benefits that these problematic patients are seeing in the market. It was a lot that you asked. I gave you a long answer. Hopefully, I touched on most of your questionnaires. Yeah, and that, that was great. Thank you for all that detail. Just, just a quick follow-up. When you consider the raised guidance for this year and then for 2024 and 2025, what are you factoring in the mix in terms of ASCENIV and BIVIGAM in that guidance? Is it a third and two-thirds? Then just put some context around the magnitude of potential upside from a greater mix shift to ASCENIV and also the, you know, the label expansion opportunities, and then further yield enhancements. Are you limited in any way with your plasma supply, you know, if you can achieve some of those other targets? Thanks. Great questions, also, Gary. You know, what, what we've always said historically is that our, our higher margin products, ASCENIV and Nabi-HB, historically, we've said a 70/30 split between BIVIGAM being the primary revenue driver, and ASCENIV and Nabi being the smaller share. You know, we're, we're seeing increased utilization of ASCENIV. What Brian and I have said in the last couple of calls is that, you know, we're seeing a, a move closer to that 65/35 split, depending upon the quarter. You know, we're, we're growing on all sides, so it's not like fixed. But what I can tell you here is that, you know, is there a potential to get to a, you know, 60/40, maybe even 50/50 split in the out years? There's certainly a potential. Roughly about 10% of plasma donors have the antibody profile that we're looking for, for the plasma that's used as the starting material for Asceniv batches. Being that we've got 10 collection centers open and collecting plasma, what I can tell you is that it's not just 10% of the plasma that we're collecting. We've got the power and the control to choose, you know, which people come in to donate plasma that day. We may run special bonuses for donors that have the antibody profile for Asceniv. We may run promotions where we pay them more. What I can say is that the plasma that we're collecting for Asceniv, it's more than 10% of our overall collections. We're implementing strategies in-house, which I've talked about on previous calls around accelerating testing, bringing some of the testing in-house, which will accelerate turnaround time for identifying these donors, as well as reducing costs, where we're not paying our third-party labs to, to do this testing. That ultimately is gonna lower our cost of goods and increase margins. You know, we've always said that, you know, ASCENIV is roughly an 80% margin product. We think, as we move into the future, it could be 90% plus. You touched on yield enhancement strategies. Again, that touches our entire manufacturing portfolio, all of our products. You know, we're not prepared to, to, you know, pinpoint how much more yield we anticipate, but in my prepared remarks, I did say that we think this could be potentially transformative, so to the upside. The financial guidance and the raise that we've given today does not contemplate increased yields. It, it, it does not contemplate really anything greater than that 70/30 mix that I've been talking about. You know, we're very concerned. I know you're just getting to know us, Gary, but the other analysts on the call have been dealing with me for a while. Our investors have been dealing with me for a while. We are intentionally conservative in our guidance. We like to set good expectations, and we like to beat them. I do think that there is substantial potential for upside here. Things take time. Nothing moves fast in the world of biologics. We've got some work to do in order to get conformance batches made and stability data taken. At the end of the day, you know, we think that we've got substantial upside and profitability metrics here that are not yet contemplated in our guidance. Okay, great. I appreciate all that. Thanks, and congrats. Thanks again, Gary. One moment for our next question. Our next question comes from Anthony Petrone with Mizuho. Your line is open. Thanks. Hey, Adam. Thanks, and good afternoon, everyone. You guys, congrats here. Another, you know, another great quarter. You know, really, you know, kind of, just looking at the history here now, I think six quarters of a beat and raise, so it's, you know, it's, it's great to see, and congratulations to the team. Maybe, Adam, we, we hosted an immunologist call a few weeks ago just exploring the use case for ASCENIV... A few interesting data points come out of that call. One is, that in particular, in this individual's practice, they are actually seeing, you know, benefits in these patients where, you know, they were, quote, unquote, refractory to traditional immunoglobulins. Maybe from, from the company's standpoint, and anecdotally, when you think about these complex immunodeficient patients that are susceptible to, you know, follow-on respiratory infections, they're complex, they're not responding to immunoglobulins, you know, what are you hearing from a broader set of your immunologists that are treating these patients? That would be the first question. The second question is, you know, one of the data points that came out of that call is, you know, perhaps there needs to be more physician education, around the, the, the benefits of ASCENIV, in order to unlock, really, having this product reach more of these complex patients. What is the sort of go-to-market strategy here now that ASCENIV is, is sort of becoming a go-to solution here? Are you increasing the sales efforts to reach more of these patients? I'll have a follow-up for Brian. Thanks. Oh, thanks, Anthony. Great, great questions. I appreciate your continued support. You know, the easiest answer I can give you is that patients are doing very well on ASCENIV. I mean, that's, that's been the story since the beginning. Again, I think, you know, building on, you know, that grassroots effort, one patient at a time, the durability of the drug, you see the increased revenues, you see the way that the, the financial metrics are playing out for the business. That doesn't happen when you don't have a product that isn't doing what you promise, and that's improving outcomes for these patients. Full stop. I think that, you know, parlaying it into the second part of your question, you know, what's next? What's changing? We have affected lives, and, you know, to the ADMA staff that, that's on the call and, and others that are close to the company, I mean, we've all seen the emails. We've seen the emails from the patients, we've seen the emails from the prescribers, even the conversations with some of the payers, to be candid, where, you know, yeah, the, the drug costs more, but it costs more to collect this plasma, and it's hard to find these donors. When we find them, we try to keep them. You know, we make the product in a very reliable, reproducible, and consistent way. It's a product that, you know, is not as variable from an antibody profile perspective that, that, that you see with other immunoglobulins to these antibodies that are outside of what the FDA has in the CFR for IG around measles, polio, diphtheria. What I can tell you is that patient outcomes, patients are doing better. Something that we're moving towards, and I think you'll see maybe, maybe by the end of the year, maybe beginning of next year, in our marketing, medical affairs, scientific communications group, we've got patients now who want to be ambassadors for the drug, and I think this is something that you see in more mature drug companies, where you've got these, these patients that, that have done so well that they raise their hand and say, "Hey, I'd like to tell my story. I'd like to talk about my journey. I think this is something that we're seeing from a number of patients out there, and, and, and I think as we progress, furthering our medical education efforts, not only to the physician community, which, which you asked about, but it's also with the patients themselves. Spending more time with the patient advocacy groups, providing more resources and, and, and, and availability of information, to patients that are dealing with primary immunodeficiency and talking to them about alternatives that are out there in the market today. I think these are things that, that you're going to see. We are growing our commercial force, not exponentially. I mean, we, we've always said that, that, you know, we don't need, you know, 50 reps across the country here. We've got a small commercial team. You know, it's probably pushing, you know, roughly 35, 40 people in total, and we've got a couple open jobs, and, and, you know, we're, we're spending money where we, where we need to. You know, we're not, we're not looking just to put our name in lights for the hell of it, Anthony. And I think with the medical education efforts that we're doing with the scientific symposia, as we highlighted at the Clinical Immunology Society meeting, as we're doing in these regional speakers programs, and we're rolling out a speakers bureau, I think that the physician-to-physician education is working extremely well. I'm really most proud of the work that, that I've seen from our medical affairs and scientific communications and marketing group around the patient advocates. Once that becomes available, we'll, we'll certainly let our analysts know. This is stuff that'll be in the public domain, and folks will be able to hear the real-world stories and treatment journeys of people who are on regular IG, of people who were denied IG because they didn't meet all the criteria, and then they start on IG, and they don't do well, and then they suffer for a couple of years, and then they go on ASCENIV, and all of a sudden, they're back to work and school. Again, it's not just the patient, it's the patient's families, it's the caregivers, and all of this matters. You know, coupling on the comments that I made to Gary's question, I mean, we're really starting to see the benefits of founding ADMA Biologics and going through the struggle that's been ADMA. We're really seeing these benefits pay off, and I got to tell you, coming to work every day. It's a lot more fruitful because we're making that much of a difference in the lives of so many thousands of patients. BIVIGAM too, you know, we are the only company that I'm aware of in the U.S. that's making drugs using centrifugation, not filter presses. We think we're onto something here, you know? Both BIVIGAM and ASCENIV product profile, safety profile is stellar. We're really proud of the products that we provide to the immune deficient patient population. That's very helpful. Just 2 quick follow-ups, so I'll hop back in here. One would be just on pipeline. Just kind of curious, we haven't heard anything on subcutaneous versions of BIVIGAM and ASCENIV. Is that in the cards at some point? Then, Brian, just on plasma supply, we're at 10 centers in total, 9 have FDA clearance. Is 10 kind of the right number? When you look out over the next 2 to 3 years, do you think that, that plasma network collection base grows beyond the 10 where we're at today? Thanks again. Congratulations. Thanks, Anthony. I'll just start off by saying, you know, look, we've got IT in our, in our armamentarium, and when the time is right, we'll certainly let, let you know. Right now, we're laser focused on, you know, market penetration, building the brand penetration and awareness of ASCENIV, maximizing yields, you know, finding ways to unlock more value for little expense. That's what we're focused on here. I, I can tell you that, you know, the, the focus here is, is just driving what we already have that's working. It's, it, it's continuing to penetrate into the primary immune deficient and the secondary immune deficient markets and, and grow what we know is working. We're making more product than ever at the 4,400-liter scale. You know, this year was the first year that we've made batches, and we made a couple of batches so far. We're working on budgets for next year. We're looking at the production plan, it's gonna be all 4,400-liter all the time. More plasma through this plant, getting unabsorbed down, making more drug, having more output, and then you couple that with the yield enhancement strategies, bringing more fill finish in-house. I mean, these are ways that we're going to improve our margin profile beyond anything that you and I have ever talked about over drinks or otherwise, Anthony. I'll tell you that I'm very excited. We are still in the early days here at ADMA, and, you know, being able to raise guidance to now 325 or more, I never thought in a million years we would be here. You know, when, when we took this plant over and they had the warning letter, I never in a million years thought I'd have $60 million quarters. This plant, under the prior management, never generated more than $55 million in a year, and we're doing that in a quarter, and we're just beginning. That's what's next for us. What's next is to keep doing what we're doing, do it better, do it more efficiently. To the ADMA staff on, on the call, I told you I was gonna say this on the call, and, and it's up to you to make it happen. I think it's the early days, and you're gonna, you're gonna start seeing cash flow, as Mr. Wonderful likes to say, very, very soon. I'll, I'll, I'll let Brian answer the question on the centers. Sure. Thank you, Adam. Anthony, regarding your question on the number of plasma centers, you know, our centers are performing much better than expected. We're very encouraged by the positive trends, momentum. I'll tell you, we're seeing daily and weekly record day collections. We're also seeing cost per liter efficiencies, in some areas, lower donor fees, as I mentioned, higher collections. We're really focused on labor and center efficiencies. We're not looking at building any more than 10 centers. All 10 centers are built, all 10 centers are collecting. As you saw in July, we received FDA approval for our ninth center. We feel, you know, certainly encouraged of getting our 10th center approved by year-end. For us, it's all about plasma supply self-sufficiency, and those goals that we set for ourselves in the beginning of 2023 are certainly coming to fruition for the number of liters that we're collecting and putting through the plant. Again, we're very pleased with how the centers are performing. Again, no further CapEx for the centers, no further buildouts. We're in a place right now as we look forward to the revised guidance revenue numbers, our plasma centers will be fully self-sufficient for us. Thank you. Absolutely. One moment for our next question. Our next question comes from Kristen Kluska with Cantor Fitzgerald. Your line is open. Hi, everyone. Congratulations on another really solid quarter here. First, first question I have is, you know, maybe something I didn't really fully appreciate about the story is that the KOL community and treating physicians are a lot more tight-knit than I expected. Just given that you've continued to showcase your data and findings and just the word of mouth around these positive case studies, wanted to ask how much of the treating community you estimate is aware of the added benefits that ASCENIV is showing here? Then looking into the next two years or so, anything beyond your guidance that you're working on in terms of getting the word out more in terms of, like, conference appearances? You talked about, you know, these potential patient representatives as well. Sure. Thank you, Kristen, very much. I think you were at, you may have been at CIS, if I recall. I was, yes. Yes. Thanks for taking an interest there. You know, you see it. Look, there's a handful of KOLs, if you will, that control a large part of the PI population, but we think that there is headroom. We think that there are certainly many more clinicians out there, many more prescribers that are just learning about. You know, something that I was just thinking about as you were talking, you know, we've also started running print, print ad campaigns, which is strange, right? This is the world of digital. My experience and what our market research tells us is that immunologists like to pick up the actual Journal of Clinical Immunology and a couple of other publications, and they like to actually flip the paper. We started running print ads, and, and I think that that speaks to the fact that ASCENIV is starting to be recognized. It's, it's a brand name that, that, that is synonymous with immune deficiency. I think it's something that we've really worked hard at joining the, the name ADMA, the name ASCENIV, with the immune-deficient population. I do feel very confident that, that there is a lot of headroom available for us in gaining more. We think that there is a ton of penetration opportunities among the existing prescriber base. Remember, roughly about 10%, 20%, 30% of every prescriber's patient population has these comorbidities. As we get more data in the public domain, as we're publishing more data, as the pharmacoeconomic impact is starting to show even more benefits, we think that we're going to see existing growth at, you know, same-store institutions. We think that there are tremendous growth prospects with new prescribers, new infusion companies, new specialty pharmacies that, that we haven't yet tapped into, and I really do see, see upside there. I don't think it was your question, but someone else asked about subcutaneous, and I'll just touch on that for a second. You know, while, while we have no intention today to go for a Sub-Q route of administration, I wanna say that there was a publication from another immunologist KOL, who on their own did, did a study, and, and they administered ASCENIV in the subcutaneous route. I believe that that publication was at a European meeting. I don't recall which one, but I can get back to you on that. What I can say is, is that, you know, I think that that answers part of your question, is that prescribers are learning about the drug, and they're starting to get more comfortable with the product and use it in novel ways. So we feel good that there's a lot of room for us to grow. Hopefully, that answers the question. Yes, it does. Thanks. Then you, you noted with ASCENIV that you're not really having too many challenges, but I'm curious if you can comment on the trends among the, the provider level in terms of, you know, is it pretty consistent on a provider basis? Then, you know, how do you work with those providers that ask you more questions, perhaps are a little bit more on the hesitant side? You know, we, we. We've got a great market access team, got a great patient assistance program. I mean, the, the, the data's out there. I mean, many IVIGs, I wanna say, oh, I'm forgetting the data, I said it so many times. I wanna say 70%, 80% of all IG requires a prior authorization anyway, whether it's on label or evidence-based. So it's not unheard of for the payers to require a whole bunch of information from the prescriber, and the treater, for the product. Again, in the right patient population, with the right comorbidities and risk factors, we're seeing payer acceptance of the product in the right patient type. If you ask for the product for a patient that doesn't need the product, they're not gonna get it. You know, the mix between public and private is about, you know, a 50/50 split, but, but, the value proposition is resonating. Our coverage is quite encouraging, actually, and, and, and I'll tell you, at the end of the day, it's being used later in a patient's treatment journey, if you will. They failed 1, 2, 3, 4 different IVIGs, and after a payer has tried 4 different IVIGs, all their preferred products, the patient's been hospitalized. They keep getting bacterial pneumonia. They're suffering. They try ASCENIV. You know, we've never said, you've never heard me say, "Oh, ASCENIV is the best frontline therapy." I'm not gonna say that, 'cause that's not what it's for. ASCENIV is the product. After you've failed everything else and you have nowhere else to turn, come to us. We're gonna save your life. We're gonna improve your life. That's what we're seeing. You know, I think that, you know, analysts, investors, some people are like, that doesn't resonate, that doesn't compute to them, and that's fine, but, you know, not everybody has to be a frontline therapy. You know, when you look at the margin profile of ASCENIV, I don't care when the patients get on the drug. Come, come, come to the, come to the island that, that is ADMA. We're here for you. We've got plenty of product and inventory. We can produce as much as the market seems to need right now. You know, we're, we're happy to trade BIVIGAM batches for ASCENIV any day. You know, to the patients out there and the patient advocacy communities, we, we're committed to collecting more plasma and meeting with them. If this product is something that can benefit the lives of these immune-deficient, underserved patients, we're, we're, we're very pleased and, and happy to help. It's not lip service. I've been saying it for years. I say it to our team all the time. Why does it matter? It matters because the patients are counting on us. We are the first company to do something different. We're the first company to move the peg forward, which is what... When I was down and out on my luck many, many years ago, one of our KOLs said to me, "Adam, you gotta keep going because you're moving the peg forward." That's what we do here at ADMA. It's not a frontline therapy, Kristen, but, after you fail 2 IGs, payers pay. Okay, great. Thanks. I know you guys are reaching about 10 years since you IPO'd, so you should feel very proud about all the progress you've made to today. Congratulations on that. We're still here. Still alive. With growing EBITDA and net income around the corner. Thank you. Ladies and gentlemen, this will conclude our question and answer portion of the call. I'd like to turn it back over to Adam now for additional closing remarks. Thank you, everybody. Thanks, thanks for your, your interest, attention, and time. I appreciate you dialing into the call. Again, I think we're still in the early innings. I think there's a lot of upside here, and we appreciate your continued support. Donate plasma and help save lives. Visit admabiocenters.com to visit one of our 10 collection centers that may be near you. Stay healthy and have a very great evening. We appreciate you. Ladies and gentlemen, this does conclude the conference call for today. We appreciate your participation, and you may now disconnect.