Good afternoon, ladies and gentlemen, and welcome to the MDxHealth Third Quarter 2023 earnings call. Before we begin, I would like to remind everyone that we will make forward-looking statements during today's call, whether in prepared remarks or during the Q&A session. These forward-looking statements are subject to inherent risks and uncertainties. These risks and uncertainties are detailed in the Risk Factors section of our filings with the Securities and Exchange Commission, specifically in the company's annual report on Form 20-F. At this time, all lines are in a listen-only mode, but following the presentation, we will conduct a question-and-answer session. If at any time during this call you require immediate assistance, please press star zero for an operator. Also, note that this call is being recorded on Wednesday, November 8th, 2023. I would like to turn the conference over to Michael McGarrity, Chief Executive Officer. Please go ahead, sir. Thanks, Sylvie, and thank you all for joining us for our third quarter 2023 earnings call for MDxHealth. With me today is Ron Kalfus, Chief Financial Officer. Today's comments will be brief and serve as a supplement to our Q3 pre-release. Third quarter results demonstrate our continued execution and commitment to deliver strong and sustainable growth for all of our stakeholders by focusing on commercial execution and operating discipline. Based upon the significant improvements made across our business, including our industry-leading diagnostic product menu, focused commercial organization, and overall operating efficiency, we believe MDxHealth is now on a path to deliver strong and sustainable growth that will lead to operating profitability in the first half of 2025. As the third quarter results demonstrate, this execution is translating into improvements across our entire P&L. Revenue has increased from $11 million in 2019 to the high end of our $65-$70 million guidance for this year, 2023, and revenue for the first nine months of 2023 is more than double versus the prior year period. Gross margin has expanded more than 20 percentage points from mid-year last year to 65%. Operating expenses have been managed and actually declined in Q3 year-over-year. Operating loss has been more than cut in half, with a 62% reduction for Q3 year-over-year, and cash burn has declined by almost 50% from Q4 2022. These across-the-board improvements to our P&L give us visibility to operating profitability in the first half of 2025 and demonstrate why MDxHealth is a unique outlier compared to many other small cap growth companies in the life sciences diagnostic sector. Over time, we expect investors will appreciate this distinction and increasingly view MDxHealth as a premier, high-growth leader in precision diagnostics with operating profitability targeted in the coming quarters, not years. Further building upon this expectation, we are very pleased to have garnered virtually unanimous shareholder support for our divesting from Euronext, and consolidation of our trading to Nasdaq as approved on November 3. We expect the consolidated trading of our common stock under a single exchange will improve trading liquidity and reduce our administrative costs going forward. Before discussing our quarterly results in more detail, I think it is important to step back and comment on the last four years of our transformation of MDxHealth. First, we made significant changes in our leadership, and sales team to ensure commercial execution and operating discipline. As I have commented, we now have 70 people in our field sales organization, with only five of them remaining from 2019, reflecting the full-scale restructuring of that team as we prioritize talent, focus, incentive compensation, and performance expectations. Second, we navigated through the pandemic without compromising on this progress. Despite incurring additional operating expenses over this challenging period, it is now clear that our team's progress in advancing our initiatives laid the foundation for the improving growth and financial metrics that we have experienced over the last number of quarters. We also resisted the pull to pivot to COVID testing, which, while tempting, we felt, would be dilutive to our strategic focus. Third, we executed a transformational acquisition of the GPS test, which has solidified our comprehensive menu, and established MDxHealth as the only provider of a clinically actionable test at each point in the diagnostic pathway of prostate cancer. Importantly, GPS, along with our Select MDx and Confirm MDx tests, are all covered by Medicare and included in the NCCN guidelines. And finally, we validated the strength of our restructured sales team by introducing our first channel opportunity with the launch in 2022 of our ResolveMD x test. Resolve mdx is marketed to our urology specialist customer base for complex and often multi-organism urinary tract infections with specific susceptibility profiles, which in the first few quarters of sales is on a $10 million annualized run rate. I will provide a further view forward, but first, let me turn the call over to Ron for a review of our financial and operating results for Q3. Ron? Thank you, Mike. As Mike mentioned, we are pleased to report our positive results for the third quarter of 2023. Revenues from the third quarter ended September 30, 2023, increased by 73% to $19.3 million versus $11.2 million for the third quarter of 2022. Excluding GPS, third quarter revenue increased by 45% versus last year. Third quarter revenues of $19.3 million were comprised of $8.1 million from GPS, $6.6 million from Confirm, $2.7 million from Resolve, and $1.9 million from Select. For the nine months ended September 30, 2023, our revenues were $50.8 million, representing an increase of 110% over the same period last year. Excluding GPS, 9 months revenue increased 38% over the same period last year. Moving below the revenue line, our gross profit for the third quarter was $12.6 million, an increase of 102% as compared to $6.2 million for the third quarter of 2022. Gross margins were 64.9% for Q3 2023, as compared to 55.8% for Q3 2022, an improvement of 908 basis points. For the three months ended September, excuse me, for the 9 months ended September 30, 2023, gross profit was $31.3 million, an increase of 161% as compared to $12 million for the first 9 months of 2022. Gross margins were 61.5% for the first nine months of 2023, as compared to 49.6% for the first nine months of 2022, an improvement of 1,190 basis points. Operating loss for the third quarter was $4.6 million, compared to $11.9 million for the third quarter of 2022, representing a reduction of 62%, driven by improved margin and a 6% reduction in operating expenses. For the nine-month period, operating loss was $21 million, compared to $29 million for the same period last year, a reduction of 27%, driven by improved margins, partially offset by an increase in operating expenses related to the additional field sales personnel associated with the GPS acquisition. Cash and cash equivalents as of September 30, 2023, were $32.7 million. Our total use of cash for the third quarter was $6.8 million, down 23% sequentially from $8.8 million in the second quarter. This concludes my brief overview of the results, and I will now turn the call back to Mike. Thanks, Ron. Since joining MDxHealth as CEO four years ago, I have consistently maintained that our primary strategic objective is to create a world-class precision diagnostics company, capable of delivering strong, sustainable growth with a clear path to profitability. I can say without reservation that we are delivering on that commitment. Our menu, and revenue growth opportunities look very different today than they did in 2019, and even at the beginning of 2022. Leveraging the strength of our sales channel, we remain focused on identifying new opportunities that will continue to drive growth. In short, while our menu looks quite different today than it did just 18 months ago, we would expect it will look different 18 months from now. When considering any additional growth opportunities, we will always apply the same discipline as we did with Resolve mdx, which involves conducting a rigorous due diligence process, analyzing market access, confirming complementary focus to our existing menu, and assessing the accretive impact to our gross margin and P&L dynamics. As we successfully execute on our business development strategy, we also expect to attract a growing number of prospective investors and partners, who will increasingly recognize MDxHealth's leadership position in urological life science diagnostics and the significant growth opportunities that lie ahead for the company. So as we look forward, MDxHealth is committed to driving sustainable growth, which will serve as the foundation for value creation for all of our stakeholders, including patients, customers, and shareholders. Thank you for your interest in and support of MDxHealth. And now I'll turn the call back over to Sylvie for questions. Thank you, sir. Ladies and gentlemen, if you would like to ask a question, please press star followed by one on your touchtone phone. You will then hear a three-tone prompt acknowledging your request. If you would like to withdraw from the question queue, you will need to please press star followed by two. If you're using a speakerphone, please lift the handset before pressing any keys. Please go ahead and press star one now if you do have any questions. Your first question will be from Dan Brennan at TD Cowen. Please go ahead. Hi, Michael and Ron. Good evening. Thanks for taking questions tonight. This is Dan Smart going for Dan Brennan. Would you mind providing us with any detail on thoughts about commercial coverage timelines for Select? Yeah, Dan. So we obviously communicated coverage of our Select test by Medicare in Q2 of last year, 2022. And as I've noted, that is usually traditionally the catalyst for broader commercial coverage. And subsequent to that, we also announced coverage for our Select test by Cigna. And, you know, we don't put out a release or communicate publicly every contract that we pick up, but that was clearly a meaningful and material accomplishment following our Medicare coverage and our market access managed care team. You know, we really have two drivers of growth for our top line of the business. The first is our sales team, which drives adoption of units into our customer base, and then our market access managed care team, which is part of our commercial team as well, that drives coverage, which shows up in our ASP most, you know, most notably, is where that would appear. So we've seen progress in both fronts, and we expect that to continue. All right, great. Thank you. And then, in terms of coming in at the top end of your guide, for 2023, could you give us any initial thoughts on what you're seeing for 2024? And, maybe touch a little bit more on the specific factors driving strength and Resolve. Yeah. So I'll start with the second part. I mean, as I've noted, you know, I think what we're seeing is candidly what we expected, and that was based on the work we did prior and the validation of all the aspects from an opportunity fit, access, and viability of, you know, that we're providing a real solution. It's really important to note that our test that we offer to our urology customer base is, you know, a highly complex test of both organisms and specific susceptibility profiles for those organisms. So the patient population that presents to urology is very different than, you know, an immediate care setting or some other settings where UTI presents. These are patients that have comorbidities, whether it be enlarged prostate or BPH, which can lead to not only complex multi-organism infections, but serial infections, and hence the referral to a urologist. So we're confident that everything we work to discover and validate in the diligence process is coming through as expected. As far as 2024, you know, at this point, we'll report... We'll likely expect to and plan to report a pre-release of our revenue and cash and likely a first visibility to 2024, at the beginning of January, in conjunction with the J.P. Morgan conference. All right, great. Appreciate the call. I hope you guys have a good night. Yeah. Thank you. Next question will be from Andrew Brackmann at William Blair. Please go ahead. Hey, guys. Good afternoon. Thanks for taking the question. Can you maybe give a little bit more color around the recent wins from the cross-selling initiatives between Confirm and GPS? Just trying to sort of better understand how we should think about the durability of growth in both those franchises, now that they're in the same bag. Thanks. Yeah, Andrew. We feel confident that we're seeing what we expected, you know, the complexity of the integration I've spoken to. So we feel like the first couple quarters of this year, we were still in the process of, you know, resetting and restructuring every sales territory as we brought over, you know, went from 30 reps to just over 50 reps, creates, as a former sales rep, a significant amount of disruption in each territory and some changeover on customer relationships. We feel really positive about the way we navigated, and executed through that, you know, patiently, making sure that our sales team was held together and that our all of our change in our programs and incentive comp provided a good foundation for execution and growth. I think as we look over the last couple of quarters, that's beginning to show up in our, you know, particularly with Confirm and Select post initial biopsy. My comment about being the only company that can provide a clinically actionable diagnostic result at each point in the pathway, we think that's very important, and we expect execution and growth to continue for both of those. As we go forward, we'll provide visibility to some metrics that we track here internally, that we measure to and manage that progress. Okay, that's perfect. And then I just want to sort of follow up on some of your comments about change, changes in the organization historically and how you sort of see it evolving over time. Can you maybe just talk a little bit more about what categories within urology might seem to fit better, than others as you sort of think about adding to the bag here over the next handful of quarters and years? Thanks. Sure, Andrew. You know, I think you've made a couple points that important to note, so our goal, and it was, you know, with Resolve was no exception, and going forward will be no exception, is that we're not just looking to put more volume into our sales reps' bags. That's not our focus or the basis for the initiative. You know, we only want to do smart things, that we think Resolve mdx was really important to validate that, right? And we can't really screw that one up. It wouldn't speak to what we think we have in the field. So actually, we think that the same diligence process applies to any growth opportunity, whether it be through a license, a partnership, a distribution, or acquisition, that we'll follow that same discipline as far as do we have access? Is it, is it complementary to, and not dilutive of our current focus within prostate cancer and urology more broadly? And does it provide, is it accretive to our, to our P&L, you know, from a, from a gross margin perspective? And can we continue to drive execution growth as well as the two levers that I pointed to previously from a sales team driving units and market access, driving coverage. So we're confident to that, and, you know, I've said we had to do two things with our business over the last four years. We had to de-risk the business, which we think we're demonstrating with our clear path to high revenue, you know, best-in-class gross margin trajectory and profitability. So we're confident that we're becoming more obvious in that regard. So where we were always focused on growth looking outbound, I think we're, it'd be fair to say, there's more inbound coming, but we will only be very prudent and smart about what we would elect to do with our, what I think is our most valuable asset, which is our sales team and channel. Okay. Thanks, Ted. Thanks, Andrew. Next question will be from Thomas Vranken at KBC Securities. Please go ahead. Hi, and thanks for taking my questions. By the way, congratulations on the very solid P&L improvement. I wanted to zoom in a little bit more about on those gross margins, and they have evolved very favorably this quarter. Just wanted to have a bit pick your brains a bit on how you see that evolving into 2024. To which extent should we anticipate an impact of those increasing Select Select volumes? Sure, Thomas, thanks for participating. We, you know, we anticipated this trajectory, and it's actually coming right on, or actually ahead of where we anticipated. So you know, if you look back, as I noted to the mid-year of last year, we were running, you know, low 40% gross margins, and that was a function of, you know, we really only had one product generating revenue with Confirm. We've subsequently added the GPS test, which carries broad coverage, our Resolve mdx test, and coverage coming over Select in Q2. So we really feel like each of those, as we anticipated, is accretive to our gross margin, which obviously, as I've noted, was a key component to the rationale for the GPS acquisition, and each of the decisions we've made about our product offerings. What we're delivering here on the gross margin is what we expected. As far as growth from here, do I believe that ultimately our gross margin can start with a seven? That's a reasonable assumption, and we'll continue to build out coverage, and as I noted, you know, potential additional expansion of our menu. All right, thank you. And I also wanted to zoom in on the GPS test a bit. Based on where you stand today, how should we think about those contingent considerations in the coming quarters and years? Do you expect all of those earn-out payments to be triggered at this point? Yeah, Thomas. So as, as you're aware, you know, we, we feel like the amendment we made with Exact Sciences on the earn-out was, was very important, positive, and, and favorable, where we—the earn-out period went from 2023, 2024, and 2025 to... I'm sorry, from 2024, 2025 and 2026 to 2025, 2026 and 2027. And, you know, I've said from the beginning, the day of the acquisition, that we fully expect to pay the full earn-out, because it's based on revenue and growth of the GPS product offering, and our business is modeled to achieving those milestones as it would reflect positively on our, our top line, our P&L, and our profitability. So yes, is my answer. We expect to make those payments. What we feel positive about is the timing and the partnership with Exact Sciences, which clearly showed confidence in our ability to execute and to deliver. Great. Thank you. Thanks, Thomas. At this time, Mr. McGarrity, we have no other questions registered. Please proceed with additional comments. I don't have any additional comments, Sylvia, other than to thank everybody for their participation and support. We'll look forward to reporting the next time, and in the meantime, we'll go back to focus on execution. Thank you all. Thank you, sir. Ladies and gentlemen, this does indeed conclude the conference call for today. Once again, thank you for attending, and at this time, we do ask that you please disconnect your lines.