everyone good and to Thank you, listening. David morning
family to including Medical, behalf deepest members, on who to caring healthcare patients tirelessly and customers, on of many professionals, begin, the like for our our I'd friends, our I are Before Xtant extend in of are of pandemic. need, us care of an of inspiration impossible most work all those at frontlines their and risk. own taking do lives they They the the safety to while COVID-XX putting the gratitude as
first optimistic began quarter were Medical's line in overall the actions strategic In were and late results, and reviewing and year were motivated Sales expectations showing the streamline our traction. our the in we tracking gaining Xtant business signs of to with operational initiatives XXXX implemented that progress.
the were as procedures, in elective our pandemic the scope March restrictions majority of trail the put However, were to hold. off COVID-XX began early on on spinal became procedures as sales of and placed apparent
our gift had and to areas this by donation emerge than go our reset identified back allowing ability realigning possible. with ever. to from to improve to live fuller Through as of of to In patients and crisis, this mission, four honoring we crisis response we the as the our this stronger mission upon life
social healthy. safe To from and and our employee First, we extent, keeping we prioritize procedures. home work distancing employees implemented that
We return continue is those to hold measures and in work. to to employees to it monitor local and until for attend our state safe government place guidelines
Board pay as reductions this the for employees, our furloughs, enacted conserve decrease cost we Board reduction of much to Second, possible, and initiatives including included Directors. as all and workforce and cash across several
Additionally, in expenditures. we spending and cuts enacted capital deep discretionary
procedures our our basis, and Although moving actions where will ongoing preserve more review an series become forward. measures difficult to saving are our on we to operations. is assessed intended to cost workforce, invest available; be decision of capital a to will support it's reduce spinal These
on Third, related get we biologics production our up caught to need shortfalls, particularly inventory. to
normal. were our we returned to able pause and build we conditions once levels business ensure elective procedures, to inventory adequately meet temporary that can the With demand to
distributor and we our strategy surgeons a initiated manage we finally, how And optimize customers. to
complexity also lowering of implemented us our serve our of reducing the to position of the These the future increase are customers, better costs Before profitability. predictability revenues needs a of and organization. set our designed the commercial to combined while initiatives pandemic, and we to actions our
extent procedures country. in beginning made on encouraged we before resume making will impact can are of transforming to across While developments, elective the progress the We our sure full pandemic's our significant and that continue this business depend the see future organization COVID-XX to we're on we momentum.
normalized. actions position our believe of a and leaner to our to to Through production, the in fulfill the company I a position operate as better be efficiency biologics mission improve we'll organization as conditions our
over I'd a Jensen financial our quarter call for first to to Now, Greg XXXX like turn discussion results. the of
