11/5/2025

speaker
Operator
Conference Operator

Good day and welcome to InMode's third quarter 2025 earnings results conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Miri Sigal, CEO of MSIR. Please go ahead.

speaker
Miri Sigal
CEO, MSIR

Thank you, operator, and everyone for joining us today. Before we begin, I would like to remind our listeners that certain information on this call may contain forward-looking statements, and the safe harbor statement outlined in today's earnings release also pertains to this call. receive the copy of the release, please visit the investor relations section of the company's website. Changes in business, competitive, technological, regulatory, and other factors could cause actual results to differ materially from those expressed by the forward-looking statements made today. Our historical results are not necessarily indicative of future performance. As such, we can give no assurance as to the accuracy of our forward-looking statements and assume no obligation to update them, except as required by law. With that, I'd like to turn the call over to Moshe Mizrachi, InMode's CEO. Moshe, please go ahead.

speaker
Moshe Mizrachi
CEO, InMode

Thank you, Miri, and to everyone for joining us. With me today, are Dr. Michael Kreindl, our co-founder and chief technology officer, Yair Malka, our chief financial officer, and Raphael Likerman, our VP of Finance. Following our prepared remark, we will all be available to answer your question. The third quarter progressed in line with our expectations. even as we navigated a complex economic environment. Our performance this quarter reflect the strength and our diversified portfolio and the discipline execution of our strategy. We remain focused on expanding our presence in high growth market and position the company well into the future. This quarter, We expanded our global footprint with opening a new subsidiary in Argentina. An important milestone, our regional growth strategy, establishing a local presence in this key market will allow us to better serve customers through direct engagement and localized support. We are now focused on obtaining final clinical clearances and expect to begin generating initial revenue by the end of 2025. Following the earlier launch of our subsidiary in Thailand, we are actively building strong local team to drive sales, laying the groundwork for sustainable growth across both regions. As we noted in our Q2 update, we conducted a soft launch of the main wellness platforms to introduce it to selected user and early adopters so we can gather initial clinical feedback. The full commercial rollout event took place during the third quarter, and we expect the beginning of revenue contribution toward the end of the year. Finally, I'm excited to share some important news about a key leadership addition to our team. We recently appointed Michael Dennison as our president of North America. Michael is an entrepreneur-driven and award-winning sales leader who has built an impressive career in the medical aesthetic device industry, holding nearly every sales role along the way with over close to a decade at InMod. Michael advanced from District Sales Manager to Vice President of Sales, helping to grow revenue nationally, expand market share, and build a strong distribution network across North America. Looking ahead, we recognize the challenges in the marketplace, but remain confident in our competitive advantages, including our strong financial position. diverse and innovative portfolio, and trusted global brand. These strengths position us as the global leader in the minimally invasive aesthetic and wellness industry. Now, I would like to turn the call over to Yair, our Chief Financial Officer. Yair, please.

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