PETV - Earnings call transcript Q4 2022

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John Lai

John Dolan, can you start the introductions?

John Dolan

Yes. Thank you, John. Greetings, and welcome to the PetVivo Holdings Fiscal Year Ended March 31, 2022 Financial Results Conference Call. I'm John Dolan, the Chief Business Development Officer and General Counsel at PetVivo. webcast playback. be being company's on is through website call and posted will the Today's

no forward-looking would I by uncertainties. we of can statements. XXXX SEC such made June contain Before and our begin, update statements the market events, We assumes be Both listed to detailed PetVivo's conference over SEC website. a during CEO to ahead, XX-K that obligation Any the turn provided to or future remind statements forward-looking PetVivo forward-looking projections projections including these John. to Reform results refers this comments Private section future everyone Please website expressed results. are now Friday, its the Securities conference with differ PetVivo. I John in would of statement. of Act the Lai, subject reason, our call those of of within expectations, from forward-looking including PetVivo's statement conditions Litigation or could its future may would that Relations executives Investor found meaning today, like release which discussion characterizations of filed other to on and to the earnings of a documents any go the filings. like financial financial filed for and XXXX. risks and those any is the President such in actual SEC our materially XX, PetVivo in

John Lai

everyone. Thank and welcome, you, John,

and by thoughts detail. then strategy year. discussing in from we'll Officer. I begin the will financial results, will XXXX our Financial would open I like the areas focus will greater business financial Then for some Robert up discuss it questions. sharing Folkes fiscal the by Folkes, our of much for today me Bob highlights be additional last conclude and fiscal Joining to key on conditions Chief

million in veterinary in fiscal product, Spryng The and in the raised XXXX specifically also quarters, $XXX,XXX August our then were and the NASDAQ And that two highlights in with $XX.XX two sales of XXXX. Spryng. we site targeting Sprynghealth.com. name uplift Petvivo.com launched over space websites, Sprynghealth.com last key for the rebranded Our generated we

with is a private We partnering research. does are Ethos, clinical also that which organization

So really over as tolerance attracted doing next we're a study, as management well efficacy canine seasoned team. very And quarters. an we some study several the

So would sales. Chief who Robert to all Folkes, help to pieces over recent drive our will Officer, the completed basically call discussing putting and the the really Financial conditions. our right like financial right be I offering to in company places now the turn and register our

Robert Folkes

in net and order company event NASDAQ of September good XXXX. to everyone. capital to our cash inventory of was We our in XXXX. in from to the that The August commercialize year company was proceeds working which raised growth to $X.X you, afternoon, Thank and for -- John XX, really million the $X.X revenue the last $X.XX support in uplifting And million. increased March XXXX. most $XX,XXX necessary and equivalents cash this Spryng, had in which company in the mentioned, XXXX, John, significant of capital million our At expected provided began

proceeds acceptance sale Spryng. from public and clinical and now to the use from of increase expand marketing sales to continue the our back turn better to efforts to and John. net I We And will the our studies initial revenues call offering gain

John Lai

developments about more would our focus Thank for XXXX. you, talk like Bob. recent to fiscal areas key and I

service AmerisourceBergen As Health, with ABC. agreement into a we the reported entered our of Animal in subsidiary X-K June company XX, symbol distribution ticker on MWI a

territorial products in managers as largest in distributors over We United XXX in the MWI of one world are with excited veterinary they States. are to the the with partner the

to distribution the and as within help introduction United expect of July our XXXX. We States shipment we awareness the product anticipate well the expand our as Spryng, physicians, the half of veterinary will of by or second agreement distribution

we university MWI. discuss the centers to would will before I like to they expect to our their such for including see other shipped national relationship us in studies, multiple as third-party distribution clinical also like our product include products be MWI. catalog. support help product So MWI distributors which publications to Many with as third-party studies

to into elbows, completion of this were delayed study elbow has significantly, COVID, expect with have and evaluate going study. double-blind agreement on enrollments gain so dogs picking we acceptance Spryng we Xth have it of expect will In clinical -- of University injection efficacy study addition, November the the moving up trial into about in within been of a the that more Because help of of data We Colorado of veterinary entered more State us to Spryng we but the forward and service XXXX. was November clinical space. been XXXX a sometime

also in fiscal completion Health in entered with XXXX. canine with Veterinary date sometime of anticipated a We clinical study XXXX May into Ethos in

This So evaluate disease. intra-articular help the March of the study by that -- injection means Spryng in in stifle before pilot March XXXX. dogs will

We eventually initially tolerance product and will efficacy. then

acceptance or trials to expect We order to Spryng. in better additional of studies conduct gain

in at to in Spryng would worked and Equestrian World go consults over kind could Pan instructions four United can two of in of has and the the He on I XXXX our equine at how have Dr. mentioned of Dr. Turner website video Games Sprynghealth.com, within has people for established calling Federation. a the answering Tracy Member series. Q&A Am the questions. videos veterinary the and you Turner States recognized there treating Games. Tokyo ask up questions? product that Advisory XX are and Games lameness, beginning open Equestrian surgeon I health equine Board boarded it Operator, the we the expert developed a in I joint a a questions believe on call, the of short As issues. use new with in certain like

Operator

looks Okay. Instructions] [Operator couple a It of have here. questions we like

one is first The Z. Gary

John Lai

Hi, ahead. Gary. Go

Gary Zwetchkenbaum

whole to you be MWI discuss great Amerisource. is that to they're many going veterinary be guys of think and customer. inventory I would to their subsidiary John, And Health, roughly congratulate and and with Zwetchkenbaum outside et bit are if of Sales staff agreement a if getting Spryng the phone taking on you from Animal a who with going I'd distribution Gary your and you It's selling the about PetVivo exclusive John, your little a people by I John, sell had can a you agreement? way. many team salespeople MWI to including like of products X how And will their a National -- cetera? be But, staff will sales the directly. support Manager, for customers how orders MWI purchase also understand you Meaning to

how in please? tell little bit about July, when orders you are it and me can if start you and if a you would, So to the going if begin starts sales,

John Lai

Yes.

the So I'll last one first. take

if I I'll was related to it, -- guy, just Then know. it let the which me answer think oh it. first. to remember miss I try I can't was

you the about So will sales getting theory, ability mute feedback. Gary over and you potentially got because be basically, to yourself? there XXX to I'm Thank Can have mute in -- I should you. reps

source and of part will properly. provide managers to as there's the the roll basically, as product out the agreement trainers key material, of MWI, We, educational as with So well training help sales XXX.

So that. doing there marketing, promoting, in little distribution. we then a the is involved X-K, discussed in time and as And about talked

then distribution we expanding they centers able to fulfilling. to into additional support the shipped various basically, to us, reps in-house veterinary hands we much be product to of were to their the in be could So will doctors the have, they able XXX will than the of it put order field. centers, reps we be from faster distribution plus sales support in and salespeople were their get Furthermore, the

So will experience from handling the reps of like people reps very XXX sales field. under XXX, experience years' the our manufacturers' in them good in that have become

a be answered questions. looking I in support the all you at with potentially as had. hiring the to assist Also, staff to believe that well So oriented people we'll we're doctor XX as more customer to next able questions service MWI the space be in I be in-house veterinary days. questions

Gary Zwetchkenbaum

hear quarter. But next excited I'm and sales on the much. thank this the about release to as hopefully updates you you Anyway, and very go quarter through

Operator

We have now. second question a

John Lai

I it's believe, Anthony, right?

Unidentified Analyst

John, it’s [indiscernible]. me? Can hear you

John Lai

can. Yes. I

Unidentified Analyst

to just make the your that I which wanted was products on currently clear are of market? sure in I

John Lai

OsteoCushion with and I X-K other which they Spryng technology, says three So two years for the veterinary next years. the do understand possibly it's products,

does yesterday, the part other of I up well as the one on space. just uploaded believe got in as our presentations, veterinary plan as in that's products PowerPoint, our website, and previous recent most our So the have

us be definitely, a faster the products. get adoption helping So of would other that of possibility

Operator

[Operator We have another Instructions] in. question here who called

Unidentified Analyst

target your family average horse about of for that farm market this have? the is horses Is question cost market only to will this related Does might horses your like fit the an that My that into Who's product. the target product? area, in race? particularly

John Lai

the various of have cases HA the the is pretty as horse, and real our such shows a after So on. would we look reduction $XXX is injection one chart other be world it the What injection of there much use $XXX. is it a that PowerPoint, within seen between costs because Spryng any the a to so if in injections you has at in products that

so NSAIDs potential is reduction in there and So, on. a

but savings. general, So needed with in Fender products racehorses, other is out. but reduced. there's other The not Bender, amount of seen that cost and just racehorses follow-up works therapy a horses We've for the economics really

Unidentified Analyst

better question. lack not -- that you word, I'm I if to -- bank. up follow of a the money can accountant have another sort in on of the the Based because an with for And

going many you much money? raise do You to to -- of -- anticipate before need you're how how going another powder

John Lai

that the small in quarter targeted XXXX. events a of of capital. that stated since But in we have valuation first would the always uplift, bring quarter would in material believe of and presentations always calendar We amount figured justify to we sometime those -- better have we a Yes.

Unidentified Analyst

I and/or be dog if anticipate for on also don't you're you $XXX Does the to the injection you customer less market anticipate bringing more do costs too to you product mind to $XXX Okay. And owner market, do know, or there? don't what typical planning one question. suburban typical than the a maybe cat this dog

John Lai

would be much pretty same. it No, the

already, canine are we So okay? to customers selling

Unidentified Analyst

Canine customers.

John Lai

have yes. over the Yes, group have now established probably MWI a with difference already many of of clinics. open accounts XX% we with veterinary existing have relationships is, doctors. that's The veterinary

the start much in the product. it's go talking about and get and easier So attention to

ones. competitive product look economic the the if you'll benefits or talked pipeline there's So using that about, uniqueness or significant that you I costs, ours at of our chart see versus

generic $XXX give dog your the be is potential pet that's on masking and much trying owner or the to also pretty Just owner [indiscernible] the going symptoms year. standard with focused effects, to the to compliance And dog. pill the with a the side issue

Operator

now. Looks for like the that's all questions

John Lai

Okay. If the there no we can are think conference questions, end I more call.

Operator

Goodbye.

PetVivo (PETV) 29 Jun 222022 Q4 Earnings call transcript