Robert, and welcome, everyone. you, Thank
saying operating key made Let pleased we objectives across with me are each start during the by of quarter. the progress our
under Monterrey, Birmingham, results, and the for all the ago the Centers are is On excellent three consolidated equity and from INVO centers from with period operating side, in Please Atlanta accounted consolidated revenue whereas sequentially. our made Atlanta center derived that increasing our only the over year methods. remember Birmingham revenue and non-consolidated into progress, our Monterrey and clinic combined
also We centers. within improved continue the see efficiencies to
-- forward. since On to selling regaining expect see year, full we continue clinics which does build, sales and the commercialization progress rights side, to year-to-date now our distribution in product February directly this to U further IVF the moving U.S. include U.S. to
existing and clinics, new IVF multichannel building well our well and strategy as is INVO Centers of expanding supporting, building. across as So servicing dedicated progressing
important added also last a we aspect mentioned our strategy As we earnings call, very commercial key to approach. our regarding an third on acquisition
quarter, as we first an our we last working components actively necessary are acquisition, noted LOI. through the again, We under close put to which,
positive details. We for at to a provide be We of extremely all number near-term, will we this time expect closing critical which reasons. to complete the plan will the believe
acquire last attention, mid-sized your the we we to we felt we As potentially the established part highlighted had fertility to opportunity brought this strategy the to smaller when of marketplace. in quarter, practices
IVF we by commercial our part mission enhance believe The it market, adding to an and adding in immediate well-established revenues those nicely and sense. and helps on is our While profitable. this acquisition makes partner overall offers It working focus, we patients a The the advances more look our bring acquisition wasn’t we strategy post closing. the primarily physician to will operations our to accelerate fully scale practice INVOcell and our work to and positive approach conventional initial and to of initial further help EBITDA quickly today, build care contributions. but ability clinic operations with are integrate
overall strategy at acquisition on and favorable with seek deals our and them very in focused and first measured we opportunity, manner, structuring a on attractively will out win-win a basis pricing is As this selective pace. these a
provide the and funding transaction first also noted non-dilutive close an to executed we We we -- it as necessary to last also capital. LOI this quarter, represents
remain more a so our the current business, mission we acquisition. important benefit state doing but close opportunities approach other audited pending offer which, One benefits I can item the have current as publicly platform with to this existing the and we a acquire we on the excited first we and very via with also to building note buying upside an interested see quickly. would of wealth to believe, closing giving profitable the And for a until that first in and as and the company whole company this both we comprehensive additional to build to does because think and to acquisition options operating is note, benefits new bring us we is term currently will practices limit also we financing financials it this brings acquisition, the and on approach, So provide longer is the believe and one. teaming within material additional acquisition those helps efforts up scale discussions, based again, existing about public effort beyond this owner-operators. our clinics active business attractive complementary of us can move ongoing planning our practices, of new more it of see
So our types and process. we shelf are we until other current complete our public this filing of unable to use offerings
three Centers. simple Shifting a additional our note a added familiar we made liquidity activities office have highest treated are of in our quarter, their have fourth discussed as shortly of progress well. patient growth private back in number the We family yet. current the and private via periods seeing strong clinics patients all the further strategy, current close funding prior supportive reflects we revenue from that are in working is and the we period to to INVO building The and small where
also self-supportive. to mean GAAP provide are have represents clinics, to it cash flow, It yet not an important. of Over we they the few past more cash which as any important necessarily milestone but profitable as doesn’t the number becoming months, flow needed funding a impact as they we view just are factors
As here, excess we expect ramp to they activities cash generating improve further see would from to them and flow. continue start
terms respect the we progress seeking enhance marketing efforts and supported well. that and will Year. into further announced to Centers, occur We They With opening planning in the the methods original the we a INVO new goal by been year-end see can New programs new now by of has those and previously bit planned underway are to of also are as Bay the clinics later Tampa build-out. believe this our Area various
that However, in closing and first. opportunity are our focus the acquisition advantage on of these not the a delays negative the minds, given
the clinics potential As experienced we more growth get rapid further the help us added provide clinics new into they well. City that what along as drive would the some could year, with we of we great over will I beginning Mexico. time partners Kansas has afforded the updates advance patient up specific in with note Clinic opportunity are to more in Birmingham, the have discussions and that these Atlanta and running, once existing with the
continue will Shifting activities. the and their On clinical from to increasingly incorporating technology in to expect build here. clinics to interested front, we the continue our that into see practices we distribution
the We half. are to year submitted and during past pleased quarter very the third also updated data over with we a additional the XXX(k) all report the collected
be soon. FDA to very a from expect We response receiving
mentioned market of to as the the quite very the looks data and possible. with we last those good highlights. as share Andrea the on some pleased are Andrea? that, believe with we this to soon quickly call, let over we the financial cover outcomes As turn With and excited me to
