Alimera Sciences, Inc. (NASDAQ:ALIM) Q4 2018 Earnings Conference Call Transcript

Feb 19, 2019 • 09:00 am ET


Alimera Sciences, Inc. (NASDAQ:ALIM) Q4 2018 Earnings Conference Call Transcript


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Greetings, and welcome to the Alimera Sciences Fourth Quarter and Full Year 2018 Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. (Operator Instructions) As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Jacob Goldberger of CG Capital. Thank you sir, you may begin.

Jacob Goldberger

Thank you all for joining us today for the Alimera Sciences fourth quarter and year end 2018 financial results conference call. With me on the call today are and Rick Eiswirth, President and Chief Executive Officer; and Phil Jones, Chief Financial Officer.

Yesterday, the company issued a press release announcing fourth quarter and full year 2018 results. You can find that press release at under the Investor Relations section. Today's call is being webcast and a recording will be posted to the company's website. Following remarks by management, we will open the call up to your questions.

During this call, management will make some forward-looking statements regarding future events and the company's future expected performance. These statements are not guarantees of future performance, are based on current expectations and involve inherent risks and uncertainties that could cause actual results to differ materially. For more information, please see the risk factors discussed in Alimera's recent filings with the SEC.

Alimera's presentation includes adjusted EBITDA, a non-GAAP financial measure that Alimera believes can be useful in evaluating its performance. You should not consider this additional information an isolation or in substitute for results prepared in accordance with GAAP. For a reconciliation of this non-GAAP financial measure to its most directly comparable GAAP financial measure, see the reconciliation table located in Alimera's earnings release from yesterday. For the benefit of those of you who may be listening to the replay of this call, it was held and recorded on Tuesday, February 19, at approximately 9:00 AM Eastern Time. Since then, Alimera may have made additional announcements related to the topics discussed and filed its Annual Report on Form 10-K for 2018. Please refer to Alimera's most recent press releases and filings with the SEC.

Now, I'd like to turn the call over to Rick Eiswirth, President and CEO of Alimera.

Rick Eiswirth

Thank you, Jacob. Good morning, everyone and thank you for joining us today. As this is my first call as CEO and Phil's first call as CFO, we are looking forward to sharing with you the excellent results we recorded in Q4 2018 and for the full year 2018. After I discuss Alimera's new leadership team and we go through the numbers, I will share some thoughts on my near term vision for Alimera and the strategy to get there.

As we announced in November 2018, I was promoted to the position of President and Chief Executive Officer effective January 2nd. I can assure you that I am well versed with our business, having joined Alimera as CFO in 2005, and then the President for the past three years.