everyone. afternoon Good Matt. Thanks
the exciting Starting our been lot stage two extremely for we anticipate to be we setting first an months successful with share. While news call, will quarter a last performance, XXXX. outstanding it's what only since have our of
to last process this been a I early stated onboard our as continues full expectations. present that my far for and surpasses the on call, original I've now business assessment quarter
all parts forward. first customers, During these you path XX strategic our formalizing effort business days, best process, in in with several the all business, planning of our determine and to of partners, time analyzing spent shareholder community, an I've meeting
While still we that many in our discuss area less operate to the it's a will detail which continuing and to the becoming on I clear optimize healthcare on, these to early me our untapped plan while company capitalizes orderly operating in industry, ensure is abundant of opportunity. more opportunities, relatively platform.
net highlights on years. sales first, net the have some But first from [ph] highest the noteworthy quarter. in delivered XX% we performance most of $XX.X QX by want to nearly quarter I the first update to year-over-year sales million, five grew
margin $X.X loss up right direction. was $X.X ago, a XX.X%, a adjusted $X.X year a sequentially profit million which from an Gross million, EBITDA was improvement swing was and million of in the
the unlock These superb $X.X execution adjusted in with year part results that the To beginning to attention. clearly are reflects adjusted numbers business, warrants entire able leverage million be special improve all company. of so undoubtedly EBITDA Among are positive impressive the generate we in positive which these of EBITDA shows scale. will on to early the
sheet free improve optionality. revenue and in create as growing. cash must will just increase we growth improve, this the our sake Naturally, We for will generation, will interest grow. funding flow no have of will we balance and We profitability our
other typically higher that than in than QX more expected better quarters expense when impressive year. consider Our performance much is the during our that you burn becomes
annual lease year. our Specifically, reduce and of recur remainder bonus the to which as about the both and will our the we expense of meeting, of result payroll of sales Xst not $X quarter. the cost a cash the of during had million of as for quarter first payout national taxes, January specific These the expenses
we build into as year. the to As move expect further we cash such,
numbers in suffice to say, about impact but year. will the Pete excited more great it not detail, the this to start be we more could
best-in-class in our confidence as to significant products, improving give skilled team, value financial and me heights. take highly profile Our new create ability tremendous to we MiMedx
On resources to on the which creation. spoke It's growth calls call, elements my areas and practice drive in the time sustain our earnings progress as relates strategic I we key concentrating report of our to about in to it company's order three the and last value focus. are our
markets and the our reminder, in enhancing a geographically. objective our portfolio & our growth Surgical by product first to Wound expanding is leadership position As build on
this well example like. of how looks an quarter Success performs what objective first certainly organization commercial time. by in achieving excellence our was will over commercial be This dictated
To segment. during sales quarter, year-over-year end, across service. sites growth welcome in the private office all revenue we We the a of that achieved increase had
environment, to that companies certain You an recall current system. which may reimbursement particularly area for this for a manipulate the opportunity has Medicare challenging us creates given been the
During OIG the report we published as reimbursement have the the quarter, concern. practices raised relating repeatedly a to
with these reined is in. our to will is determine practices OIG premature position, if be clearly aligned it the While report and when
to the close result to optimistic stay will rule continue in more playing making remain level We field. and process it
new of future remains continue believe grow. continues a launched variety body across growing we last of evidence the wide particularly In a were surgical the range particularly the for momentum real Surgical applications bright, part which world footprint of our build to in our or as Recovery products, to second of We year. segment, around procedures
from international ramp quarters. to finally, headway our anticipate begin coming to We important initial we to with adoption the months more Japan and in made And business developing market. commit in starting sales this
the strengthen objective create opportunities market our to [Indiscernible] an first we growth growth compete for is by in adjacent and broadening develop drivers company. offering. markets additional a segments to, to our second the means in as in Our position currently which foremost,
As arise. such, we assessing opportunities formalized and for have the strategic as process various they prioritizing
leverage and our technology opportunities. develop to commercial ways strength to for order look will we in Additionally, adjacent
end, the quarter. our to that the To representing of and OA excited get during knee patients running beginning major we officially the investment. OA study at rolling knee were up With the project
two in required reminder, approximately months studies, with six-month a three of patients months, this expect enrollment of a additional six XXX monitoring. As and of observation period we first
will achieve have as critical the milestones continue project information We report for we share. or to the news on to
Finally, time. discipline order over rationalization, our growth third objective is becomes improvement to ensure process more a around management, in expense our build corporate continuous profitable and to
take As shape already the the organization. QX beginning indicate, this to results within approach
Our efficiencies efforts operations production resulted in improvement a sequential yields to in margin. in gross and enhance
enhanced margin team on execute will to to anticipate plan, be improvement which over time. ability scale the and I our will continue in that further
& to in improved Wound margin contribution QX. the Additionally, Surgical XX.X%
As you to way. we are XX% goal well our recall, will is our get on to and
to expenses as get to net of Another XX% efficiency spoken metric is sales a or below. our we've corporate percent about
curb For efforts enterprise. QX, to this across result a number to G&A improved the of XX.X% as
building the had excellent job on momentum an out did the year. coming All-in-all, of last team we
identify formula Our ability most for success lies our against growth and our for execute drivers business. consistently in relevant to the
company. again, continue mentioned I on our last establish on call, we just create will healthcare tremendous and a once have I this the value, execute franchise, to confident As if we the MiMedx as opportunity world-class plan I'm and build remain outlined, to focused on
recap over to results. the Now, quarter let first will Pete turn Pete? who me call our