The following is a summary of the NeuroOne Medical Technologies Corporation (NMTC) Q2 2024 Earnings Call Transcript:

Financial Performance:

• NeuroOne reported a significant growth in Q2 product revenue of $1.377 million, in fiscal 2024 compared to $466,000 in the same period in fiscal 2023.

• The company experienced a decrease in operating expenses from $3.5 million in Q2 fiscal 2023 to $3.3 million in Q2 fiscal 2024.

• Despite an improvement in net loss for Q2 fiscal 2024 compared to the same period in 2023, the net loss for the first six months of FY 2024 increased to $6.2 million.

Business Progress:

• The company made progress in commercialization and product development, with a significant increase in sales through their collaboration with Zimmer Biomet.

• NeuroOne introduced the OneRF Ablation System and anticipates adding more centers in the coming quarter.

• The company is also diversifying indications for their ablation generator for pain treatment and is in the midst of developing a proprietary percutaneous delivery system. They are expected to submit a new FDA application by the end of the year.

More details: NeuroOne Medical IR

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