Good afternoon, and welcome to Hyperfine's Third Quarter 2022 Earnings Conference Call. At this time, all participants are in listen only mode. We'll be facilitating a question and answer session towards the end of today's call. As a reminder, this call is being recorded for replay purposes. I'd now like to turn the call over to Marissa Bych, Investor Relations, for a few introductory comments. Thank you for joining today's call. Earlier today, Hyperfine released financial results for the fiscal quarter ended September 30, 2022. A copy of the press release is available on the company's website as well as sec.gov. Before we begin, I'd like to remind you that management will make statements during this call that include forward-looking statements within the meaning of the federal securities laws, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements contained in this call that relate to expectations or predictions of future events, results or performance are forward-looking statements. All forward-looking statements, including, without limitation, those relating to our operating trends and future financial performance, expense management, expectations for hiring, physician training and adoption, growth in our organization, market opportunity, commercial and international expansion, regulatory approvals, and products development are based upon our current estimates and various assumptions. These statements involve material risks and uncertainties that could cause actual results or events to materially differ from those anticipated or implied by these forward-looking statements. Accordingly, you should not place undue reliance on these statements. For a list and description of the risks and uncertainties associated with our business, please refer to the Risk Factors section of our 10-Q filed with the Securities and Exchange Commission on August 11, 2022. This conference call contains time-sensitive information and is accurate only as of the live broadcast today, November 10, 2022. Hyperfine disclaims any intention or obligation, except as required by law, to update or revise any financial projections or forward-looking statements, whether because of new information, future events or otherwise. With that, I will turn the call over to Maria Sainz, President and Chief Executive Officer. Good afternoon, and thank you all for joining us. I am honored to lead today's call as the new president and chief executive officer of Hyperfine. On the call with me is our chief financial officer, Alok Gupta, and our executive chairman, Scott Huennekens. I will start my remarks by sharing the good news. We placed 10 Swoop systems in the third quarter, driving all-time quarterly revenue of $2.3 million, and we drove great discipline in spending. Successes which I credit to Scott, who stepped in as interim CEO shortly after David departure and has enabled a very smooth transition in my first two weeks in the role, and to our broader Hyperfine team. We will discuss these quarterly results in greater detail shortly. Before we do that, I would like to briefly share the reasons that compelled me to take this position with Hyperfine and lead the company into our next phase of growth. I have spent the better part of the last 30 years introducing disruptive and pioneering technologies to address large markets with significant unmet patient needs, from the early days of metal stents and thrombectomy devices to cardiac resynchronization therapy for heart failure. I am no stranger to Hyperfine, having served on the board of directors since late 2021. I believe our addressable market is very large, and our initial clinical use focus in neurocritical care and stroke are very substantial global opportunities. I am confident our business is poised for expanding adoption with the right team in place and a strong foundation of independent clinical research as well as a growing base of positive provider and patient experiences and testimonials with the Swoop system. Our vision is to transform healthcare by accelerating and broadening access to clinically valuable diagnostics and actionable data at the patient's bedside. Today, brain diagnostics are costly, oftentimes not readily available, and require planning and scheduling. Our mission is to expand imaging and diagnostic capacity with our Swoop portable bedside MRI system by providing a point of care tool, especially in critical care situations, circumstances in which magnetic resonance is superior to non-contrast computed tomography or CT scanning, and in environments where patients do not have access to imaging. Although it remains early in the course of our commercial trajectory, I am confident we are taking the right steps to do so. As we have noted in the past, we see our greatest near-term opportunity to improve patient care in neurocritical care followed by stroke. Patients in the ICU for neurological conditions experience a variety of challenges when it comes to getting an MRI. Patients are typically too unstable to transport to the MRI suite for imaging, and the time it takes to get the imaging completed can be prohibitively long, and the process can consume valuable resources, especially in the current staff-constrained healthcare environment. There's simply not an effective way to perform MRI imaging for Neuro ICU patients today. We have been working with our clinical partners to build strong clinical validation to support the Neuro ICU use case. We also remain focused on building our base of clinical data in stroke. Data demonstrates that MRI scans can better detect ischemic stroke damage compared to CT scans, and we are continuing to leverage research to build awareness of the value of Swoop in the detection and evaluation of this devastating event in patients' lives. This phase of research includes the independent publication by our partners at Yale and Massachusetts General Hospital in Science Advances earlier this year, which concluded that Swoop enabled highly accessible and dynamic bedside evaluation of ischemic stroke by obtaining actionable bedside neuro imaging in 50 confirmed patients. The authors highlighted the safety and convenience of portable low-field MRI as a tool to expedite the stroke treatment pathway and concluded that results validated the use of low-field portable MRI to obtain clinically useful imaging of stroke, setting the stage for broader use. We are continuing to engage multiple U.S. hospitals to collect data demonstrating the clinical value of Swoop in stroke patients. As we gather greater clinical data, we will increase our focus on driving awareness and educating the field about Swoop utilization for the stroke use case. We are excited to share that we will soon be commencing a stroke study in three leading U.S. institutions, and we look forward to sharing our progress over coming quarters. In addition to these efforts, we are advancing important technology initiatives, including refining our software programs and enhancing our AI capabilities to optimize our sequences for our use cases. Our R&D team has been hard at work toward improvements already, and we expect this to remain an area of focus into the year ahead. Turning to our recent commercial progress, as I've mentioned earlier, we installed 10 commercial Swoop systems in the third quarter of 2022, driving record quarterly revenue of $2.3 million. We are pleased that we have continued to develop and enhance our customer relationships, working closely with critical care clinicians, interventional neuroradiologists, and neurosurgeons alongside radiology and hospital executives, all influential stakeholders, to roll out successful new programs and placements. It is worth mentioning that the introduction of Swoop creates an initial change in workflow and protocols for our customers, something that takes time and effort across stakeholders. We're entering 2023 with a clear roadmap of technology iterations and enhancements from the experience of our initial users, as well as ways to optimize our go-to-market strategy. Our team is aligned and ready to execute, and we will continue to learn from our market experience and further refine our plans to improve our execution and drive continued success. To this end, we remain focused on our initial clinical use cases, and as we grow and expand, we also learn. We are committed to being very responsive to market feedback to drive adoption and use of Swoop across multiple applications and clinical settings. Although the time to close sales has proven longer in the current operating environment, we continue to expand our commercial footprint and cultivate opportunities in our pipeline for quarters ahead. For example, in August, we announced that we had received a signed letter of intent for seven commercial units from BJC HealthCare in St. Louis, one of the leading hospital systems in the U.S. We are pleased to share that we have now begun delivering these systems. We also shared that we had received a letter of intent from King's College London to order 20 commercial systems in association with the Bill & Melinda Gates Foundation. We have now received the final purchase order for these 20 systems and expect to begin shipping some of these units over upcoming months. Before I turn the call over to Alok, I would like to reiterate our stance from recent months, which has been that given market conditions and the elongated sales cycle, we are focused on investing in our business thoughtfully with a focus on driving near-term and intermediate-term growth while extending our cash runway. We feel good about the momentum we are building for sales growth in 2023 and 2024, and we are continuing to prioritize our R&D, clinical, and commercialization spending in that order. We will be diligent in our OpEx planning while investing where we see potential for the greatest growth. As part of the prioritization of all projects and expenditures, as we have previously communicated, we are actively assessing strategic options for Liminal, our brain sensing platform, which is in the early stages of development, with a view towards maximizing shareholder value creation across all of Hyperfine. In summary, we are pleased with our progress toward achieving our long-term goals. I will now turn the call over to Alok to review our third quarter performance and financial outlook in greater detail. Thank you, Maria. Turning to our financial results for the third quarter of 2022, revenue for the quarter ended on September 30th, 2022 was $2.3 million. Compared to $0.37 million in the third quarter of 2021. Gross profit for the third quarter of 2022 was $0.69 million, reflecting a gross margin of 29.3%. This compares to -$0.34 million of gross loss in the third quarter of 2021. R&D expense for the third quarter of 2022 was $7.3 million compared to $6.4 million in the third quarter of 2021. Sales, general, and administrative expenses for the third quarter of 2022 was $6.6 million compared to $9.6 million in the third quarter of 2021. Net loss for the third quarter was $13.2 million, equating to a net loss of $0.19 per share, as compared to a net loss of $16.4 million or a net loss of $8.70 per share for the same period of the prior year. Our cash burn in the third quarter was $12.6 million, and we ended the third quarter of 2022 with $132.5 million in cash and cash equivalents. We expect our go-forward quarterly cash burn rate to be slightly higher as we take strategic steps to expand our base of clinical evidence in stroke and optimize our technology, as Maria described, while rightsizing the organization and managing the business to maintain our cash runway through year-end 2024. Turning to our 2022 outlook, based on our progress and current trends in the business, we continue to anticipate installing between 35 and 45 commercial systems in 2022. In conjunction with our system placement expectations, we are maintaining our full-year revenue expectation for revenue in the range of $7 million-$8 million. We now anticipate total net cash burn of $70 million-$75 million for the full year, relative to $70 million-$80 million expectations we had previously provided. We are pleased to continue prioritizing fiscal discipline as we focus on investments in our business which offer the greatest growth return potential. At this point, I would like to turn the call back to Maria for closing comments. Thank you, Alok. As I look out to our quarters and years ahead, I want to reiterate my confidence in the immense value of Hyperfine's differentiated technology and the compelling future of our business. We believe in enabling better patient care through our portable Swoop point-of-care imaging tool, and we are determined to continue delivering high-quality imaging across multiple use cases, starting with the neurocritical care and stroke. With our early success marked by a total global install base of 100 Swoop systems to date, we are setting the stage for affordable point of care imaging to transform lives and enhance patient care around the world. With that, I want to thank you all for your time today and open it up to any questions. If you'd like to ask a question, please press star one. Our first question comes from Larry Biegelsen with Wells Fargo. Your line is open. Good afternoon. Thanks for taking the question. Can you hear me okay? Yes, we can. Great. Maria, welcome and congratulations on the new role and on a strong start here. Thank you. I guess since this is your first call, I'll ask you know, the high level question. You know, what are your priorities over the next, call it, 12 months or so? What changes are you making? You know, I'd love to hear a little bit more color on the operating expense savings, which came in meaningfully below where you were last quarter. I had a couple follow-ups. Sure. We're clearly narrowing down on our clinical use cases that are our highest priority. I have the team focused on making sure that we have the right programs, anywhere from the R&D teams to clinical to commercial, to really take full advantage of that neurocritical care opportunity, followed by stroke. We are really prioritizing everything we're doing in the company, on those two clinical use cases and really market opportunities. I'm also trying to scrutinize everything we're doing to make sure that we don't have unnecessary complexity, that some of the other projects that in the past may have been supported and maybe a little de-emphasized. They just need to be really deprioritized so that we can allocate our resources and drive the discipline around our focus execution and the discipline around spending so that we really can extend our cash runway to be able to do all the great things that I think we can do with the Swoop in the market in the quarters ahead. That's very helpful. And the status I wanted to ask about these seven orders from Barnes-Jewish and the 20 from King's College. What's the timing of those 27 units? Should we expect some in the fourth quarter and the rest in 2023? And you know, could you add some color on the pipeline of deals in general? The press release talked about, you know, a strong pipeline. Just and I still have one follow-up, if that's okay. Sure. I don't think we're gonna be very granular with really the makeup of our shipments and our revenue, but those two units are meaningful to us, and they are going to be executed here over the next several quarters, so sort of well into all of 2023 at an appropriate sort of pretty steady cadence of shipments. That's helpful. Just lastly, just on the guidance here, I'm sure you anticipated the question, but the guidance at the midpoint for you know implies flat sequential system and revenue sales and in the fourth quarter, which is typically the strongest capital quarter of the year. Should we be thinking about you know the high end of the guidance ranges here? Thanks so much for taking the questions. Sure. Alok, I'll let you comment on that if you want. Yeah. Larry, that is correct that this is a high point in the capital cycle. But in our case, with the team still learning a lot from the customer requests, customer needs, and the clinical use cases, and given the two holiday time with Thanksgiving and Christmas coming up, we still think that it will be more like flat and not on the high end for this particular fourth quarter. All right. Thanks so much. I'll let some others jump in here. Sure. Our next question comes from Vijay Kumar with Evercore ISI. Your line is open. Hi, this is Kevin on for Vijay Kumar from Evercore ISI. Wanted to follow up a little bit on the implied Q4 guidance. You're still expecting midpoint of guidance. Is there any conservatism baked in there? Or are you seeing any changes in the market, especially given the 10 system placements in the quarter and the growth in revenues? No, Kevin, as I mentioned on the previous question, we are not seeing any changes in the market. It's just that the cycle of the sales cycle for us continues to be a little bit elongated, and it's not a conservative number. This is what we think is more realistic for two quarters back-to-back. Midpoint implies that we'll have another 10 units in Q4 and which will show sequentially 10 units for this quarter and 10 units for Q4, that makes us feel much more comfortable given the holiday schedules and the long elongated sales cycle. Got it. To follow up on your sales pipeline, we continue to hear financial pressures on hospitals and hospital budgets. Are you hearing anything new from customers, as we approach the new year or, any changes in their purchasing priorities? I mean, you're hearing that from everyone because it is the reality they're living with. Probably the biggest challenge for us is around just the staffing constraints and the ability to get access to the accounts, go through evaluations, and move the cycle along quickly. It's not about an if, it's more of a when, if I can phrase it that way. I'm very confident in our pipeline. It's still early in our trajectory to be highly confident when every deal falls. We also have a relatively young team, so we're trying to get our arms around how they also forecast and how they plan. But it is really staffing and really the access and the time they can give to some of the new technology evaluations. Also when we deploy a system, the implementation side. Not the if, but more the when in terms of, capacity and attention. Got it. Thank you. Sure. Our next question comes from Neil Chatterjee with B. Riley. Your line is open. Hi, welcome, Maria, and thanks for taking the questions. I guess first off, can we, I was just curious in, you know, in terms of the sales funnel and the elongated sales cycle, I was just curious, you know, how the, you know, just the complexity around kind of changing the workflows, you know, how that impacts the cycle? Let me make sure I understood your question correct. How the elongated sales cycle affects our ability to change the workflow? Is that your question? Kind of the other way around. Okay. In terms of just the planning for the change workflows. It comes on the back end of getting the PO and shipping the unit and getting the unit in place. We right now have a system. We go through something we call the hyper week. Remember, we have a dedicated team, which we call the customer success team, which follows behind the sales team to really be all about deploying and working with the staff in training them and slowly getting them to change their work orders and their workflow. I want to say that is probably the area where we are placing most focus commercially speaking now. We are hiring additional people. We're also hiring people with more MR background to be more effective in that implementation of the system so that we can get from deployment of a system to routine utilization faster. Does that address the question? Yes, that's helpful color. I guess separately, just to follow up, just curious about the, you know, if you have any updates just kind of, you know, regarding next steps with the Viz.ai partnership, you know, for kind of the combined solution there. Just any development on applications for stroke. At this point, we're still working through sort of the technical work to do an integration of the two systems and be able to have something that we can start presenting to customers. We are gonna be sort of on somewhat of a partner display at the upcoming RSNA conference where our system is gonna be referred to on Viz.ai's and booth and vice versa. We're working towards hopefully having somewhat of a working prototype of how the two systems can talk to each other here relatively soon. Great. That's it for me. Thank you. Our next question is a follow-up from Larry Biegelsen with Wells Fargo. Your line is open. Hey, guys. Thanks for taking the follow-up. Hey, just two from me. One, Alok, ASPs and gross margin were relatively high in Q3, much higher than Q2. Why were ASPs so high this quarter? And how do we think about those two lines going forward? I had one additional question. Yeah. Larry, thanks for that question. Yes, you're right. Our ASP, if you recall in Q1 was $108,000, Q2 it went up to $130,000. When we changed the pricing at the beginning of the year, we were consistently messaging that all the ASP transition will happen in Q3. Our average ASPs will be closer to $200,000 starting Q3, which is where we are close to it. I mean, the ASP for Q3 is $194,000. If you recall from our last call, I talked about the legacy system versus new pricing systems. Most of the legacy systems are out of our system at this point. There is no more legacy systems which we are working through with our customers. You will see continued improvement on our ASP on first hitting the $200,000 milestone and then continue to go higher from there. Gross margin also, Larry, as we had projected at the beginning of the year, that our gross margins will turn positive in the second half of the year and this quarter proves that. That's helpful. Just the standard 2023 question here. In fact, obviously, as our teams deliver on Q3 and, well, already delivered on Q3, as we deliver on Q4, we do anticipate continued growth in Q4 2023 as well, and continue improving the gross margins too. Hey, Larry, it's Scott here. Just kind of building on, you know, the comments from last quarter as we hand the baton out to Maria Sainz here. That is that we see ourselves growing at a nice rate next year. At the same time, we're working in the early adoption phase of the market in basically ICU, not yet really stroke. There are key product enhancements and approvals and software upgrades that will happen, and you'll see announcements over the next 6-9 months. There'll be new clinical studies starting and clinical data that will come out the next 6, 9, 12 months. All of those things in combination with, you know, the continued maturity of the sales force, I think, you know, means that 2023 is a transition year and a growth of product, clinical, sales force maturity, but still growth for the company. It's after that we see really an inflection more for the business as we go forward, as I talked about. In that period of time, really managing expense very, very tightly to push our burn and our cash needs out, you know, to the end of 2024, if not 2025, and we'll have more of an update of that with our guidance that we give out to the Pay attention to. Thank you. Sure. The last approval that we got was a hardware approval, which is what we've called our 1.9 system. There's two pretty significant software improvements to that, which are right now in testing with some beta sites. They are all about really getting us much readier to where we need to be on our images for detection of stroke. After we go through this sort of physician preference testing or beta run, we'll be able to give you better visibility, but expect those in the first half of next year. There is a set of deep learning and AI tools that continue to make further improvements to our. Really it's about image quality, image consistency, and image reliability, but primarily towards the stroke use case. Those will just continue at a pretty good cadence all throughout 2023. That's part of the, you asked me, I think, first question, my focus and my priorities, making sure that all of those projects are appropriately resourced and prioritized. It's less on the hardware side, it's more around software and AI, which have the merit of being relatively rapid enhancements. You know, we have a good set of beta sites, so we get very quickly direct feedback on clinical use and clinical utility and can feed that right back to engineers and keep moving the ball along. We also have a really strong track record with the FDA on the quality of our submissions and the predictability of our submissions. I really feel very good about our capability there. It's just making sure that all the right people are working on just the right things. Yeah. The good thing here is these are not our projects. These are deep projects. There's a high degree of confidence from our engineering teams on these improvements. The other good thing is, it's not linear like you do a stent trial, you know, or a valve trial. "Hey, I come up with a new valve, now I gotta go, you know, do this trial." No, you just take the data from images you already have, and you run it through, and you kinda have a before and after, and you can do the assessments and show the improvements in sensitivity and specificity of diagnosis. Things can move much faster with these software upgrades. All right. Thanks for all the color and taking all the questions. Yep. Sure. Thank you. There are no further questions. I'd like to turn the call back over to Maria Sainz for any closing remarks. Thank you. Thank you for joining us today, and I look forward to speaking with you all, next quarter. Thank you for participating in today's program. You may now disconnect. Everyone, have a great day.