Thank listening. you, morning good and Matt, to everyone
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of been we contract believe a will team. that largest Thanks importantly, half new coverage these of Midwestern looking have this the we for during the More country Southern GPOs kind momentum three rolled and out XXXX which and the the operating that will actions, continue profit us that to forward the for that regional in accomplishment generated was major quarters products of in our prospective be in states. will Xtant of XXXX, one we four, second give closed distributors consecutive the
More importantly, the to set standard we for expect this business of performance. type have our
our lowered restructuring cost reduced Additionally, dramatically debt debt load our and service. to our
growth make easier for access to action our facilitate these it should to initiatives. forward, markets Moving fund us the capital to future
are made difficult on strategic drive we our Now commercial under will focused progress which that tremendous circumstances, overall we've performance. initiatives,
in develop Biologics we opportunity throughout we've plan is cadence. year to underway bring to to initiatives to offering years believe significant new continue First, and come. to there the and We products release expand three regular under several new products the market a and and improve to more our
program our we distribution Second, marketing expanding network. and are
to density latest in agreement particularly our network, creating broad As our that locations was coverage population. in the expand distribution have I further mentioned GPO critical earlier, higher
help and grow new greater we help in Additionally, programs, distributors and distributors well. as their drive that product turn committed touch Through anticipate in profitably existing releases our to service grow incentive new Xtant events model, market. we revamped more remain high penetration to our a helping will enable these
to Finally, improvements. in pursue operational as the we'll done we've past, continue
operating profit the While more our in still to quarters, two upside generated an pleased is have business. we're there last to margin
expansion strategy in in With sales we our combined distribution growth, product and our channels, to on by financial the well will our can improving shift substantially we Additionally, we thus rear business in capital. moving improved confidence that position throughout supported hand working our energy introductions Xtant. earn reducing focus of on feel inventory our forward. with our grow new significant view we opportunity We see our XXXX and mirror, renewed
Now I'd call our Greg to our quarter full-year of fourth financial for CFO, like and to the results. over discussion a XXXX turn Jensen
