Good safe and family you the Hope least. during uncertain Thank you, Suzanne. healthy thank your staying joining to difficult, all and times pandemic. us. COVID-XX everyone friends afternoon for this you, are and are of These say
facing is Across us NuVasive, and are around in we globe, challenging adversity that ways. the unique
remarks operational are formal share business, taking supporting As and financial communities. we surgeon our partners, maintain such, our have the actions patients we to to and structured continuity, while employees,
we are cases due companies, business nearly with surgery we to a impact but large our support substantial considered as and technology hopefully portion with all As services are of on the a temporary MedTech pandemic COVID-XX elective. our experiencing
quarter elective First of week are first a the that state be April we That's mid-March, positive perhaps case business case decline until expectations XXXX it. of That due persisted May. to throughout may we at surgeries. volume deferrals of when our in but net decline sharp increasing during seeing experienced to now volumes tracking in steady April, a sales were a the sign worst
pipeline. also and capabilities COVID-XX situation channel maintain in months, new that wellbeing the taken our and to safety innovation sales Over last to has chain, NuVasive continue our responded our procedures our core focus ensure steps of two supply the the operating our by on We've and adopting employees.
to adopted new engage our the they surgeon provide have ways partners service to we expect NuVasive. Additionally, from
globe other mandates in in in capacity, resume ease. begin geographies the early seeing In now are the place around to as we its and days, limited surgeries a elective U.S. shelter
a data what better on with like We surgeon our engaging may in gives the business in charting term. to us understanding short our daily medium of that partners are a look basis
as the a on the lot last at resumed surgeries this point. of orthopedic trends unknowns and two over still insights weeks, take have gathered, more starting spine we but to have shape, Based there are
now. we Here what know is as of
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we'll need and what we Here's to don't know learn.
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online to We a what and daily continue monitor extent. on hospitals back to coming are which basis
adopt facilities. have will our new efficiency, not know on that likely have and surgical volumes. may overall their what will procedures protocols constraint We on the this do within and Hospitals impact what
postponement Finally, how patients predict. the or hard it decision. change impact in return hospital of both clinic is willingness surgical coverage sentiment or patient's also uncertain trends. unemployment and setting Ultimately, to to a and be scheduling may overall It's will a to patient-by-patient
enter additional on company's environment; signs quarter we'll answer we remain but results some May, position and by would Harbaugh are the insights view to move liquidity, provide there as that will we XXXX detail. review we followed cash questions working overall Matt Overall, positive in the forward. first how be as many market current
to discussing of to we vitality actions business. I'd like are the our internally to support transition the taking
NuVasive release COVID-XX Form the press evaluate April XX, As continues an on X-K, the on situation team to ongoing announced, management in and issued our basis.
across the laid drove differences financial new and out ensure operating on are of and which then business business people, geographies, constraints, operational effectively consideration In we under to centered continuity. priority we
response wellbeing home protocols do so, was the settings. force to First, including in of to hospital on-site the task manage discuss the or to formed the work employees from whose of supporting jobs let our to require be for those Early safety me employees. place promote COVID-XX, company's actions able and in daily while them our put to a on, safety
coverings, checks, cleaning and we health temperature and At agency more. facilities, to measures social face NuVasive enhanced processes including guidelines, government distancing, instituted follow local
due in elective decline temporary to the assessed surgeries. our In addition, regions we various the geographic and impact
thoughtful employees. I've end, We across productivity global our have been and for adaptability with the extremely with our impressed goal of that commercial mitigate teams, to To and measures our the of employees. level preserve compensation implemented commission-based
from officers, have and including control to align Directors the Second, in steps to financial and the for drop measures executive expenses, taken Board production operating compensation of to implementing constrain efforts a standpoint, we overall reductions discretionary adjusted spending with volume.
scaled costs also We variable such supply and chain evaluated capital immediate expenditures. as efficiencies distribution back
engage to Related our continuity, time. to continue them partners surgeons business during to we serve valued and this with
the they can surgeries Our been has them from this preparing priority ramp-up are and transition. support elective our surgeon during partners how how we of to best understand identifying
progress despite the at our we of the are the maintaining to In to we R&D COVID-XX, committed continue of addition, investment roadmap. make solid beginning level to technology budgeted on year for
and time, differentiated highly continue approvals planned solutions our spine. spinal filings hardware are innovation focused this time our enabling as major for in technologies on We XXXX remain our to on At position track and with lines. are internal leader the
internal testing track. remains In on particular, the Pulse of and development
engineering the platform accordingly. learnings beta evaluations refining teams are Our from and applying the integrated
traction continues, the In and and parallel, our system. component application software the arm robotics hardware we on are making of development good
we and Our market, validated to will continues the be ahead. integrated on strategy platform continue and track to forge remains by
deformity in cervical help launch trauma offerings. system end-of-year pathologies. on launch We're will an portfolio new several plate track degenerative, Currently, of with and treat alpha anterior stage, the also cervical the
In cervical system timeframe. the addition, plan new we fixation posterior a in launch same to
will system the incorporate This design our solution. current complete and to lumbar be of flagship a of many create principles same system compatible fixation fixation posterior
evaluation. our demand the We surgeons are by alpha during from product already encouraged
other. We clinical will and virtual from NuVasive's global learn have and continue marketing professional to and foster and development opportunities engagement learning adapted teams to have each for to surgeons opportunities. quickly from us digital
to videos, educate our from on for webinars and in-person surgeon TLIF, have and procedural XLIF, offerings MAS In XALIF, up our leveraging to remote we teaming with Midline. MAS solutions moved faculty, trainings
started out continue continued way midterm train our We partners, to provide spine virtual for the opportunities up we our able plan travel in be be to near will conference acknowledging likely and challenging. to surgeon series building will learning the online hosting surgeons to and
the capabilities this operational in we global And focus sustainable manufacturing, to elective and slowdown related MDR finally, procedures. during improvements logistics, European fulfillment, includes This to continue driving on initiative.
application European Regardless to a this ensure our urgency this of our as plan this body of extension, to line time upon postponed growth is international initiative it's weeks or critical one enable A change approach date help strategy. officially ago, year. few governing not with does MDR's step for acted long-term
efficiencies, continue participating continue We areas to growth sterile investing while of global balance the necessary which as markets. are us a prepare in to to for make fully reflection packaging, to for key key in we These foster investments enables actions continuing strategically the future. operational profitability including
are sound. to believe want I our fundamentals company's and strategies I very With clear. that, long-term be
procedures While considered the demand these certain for remains spine surgeries and are need high. elective, the life-changing
then to or appropriate provide to deferred surgeries move better spine bottom that quarter we and globe the delayed scheduled and better year. get across a of increase do several therefore, that quarters. as second and tracking And over data will, the the be we We'll be gradually through trends next anticipate sense the insights safe out so. performed this We likely volumes it will over ultimately, is expect when
doing is operational forefront. In our of and can we everything business, that a this can say are to What through for keeping and growth. the company, addition, we a NuVasive team continuity, customers I financial long-term while best certainty and time we're at absolute focused as position on safety employees the as manage leadership and with
over like turn With to that, I'd the Matt. to call
