Restoration Robotics, Inc. (NASDAQ:HAIR) Q4 2018 Earnings Conference Call - Final Transcript

Mar 15, 2019 • 08:30 am ET


Restoration Robotics, Inc. (NASDAQ:HAIR) Q4 2018 Earnings Conference Call - Final Transcript


Loading Event

Loading Transcript


Good morning, ladies and gentlemen, and welcome to the Restoration Robotics and Venus Concept Merger Announcement Conference Call. At this time, all participants have been placed in a listen-only mode. Please note that this conference call is being recorded and that the recording will be available on the Restoration Robotics website for replay shortly.

Before we begin, I would like to remind everyone that our remarks today may contain forward looking statements that are based on the current expectations of management and involve inherent risks and uncertainties that could cause actual results to differ materially from those indicated, including those identified in the Risk Factors section of our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission as well as our most recent 10-Q filing. Such factors may be updated from time-to-time in our fillings with the SEC, which are available on our website. We undertake no obligation to publicly update or revise our forward-looking statements as a result of new information, future events or otherwise.

I would now like to turn the call over to Mr. Ryan Rhodes, President and Chief Executive Officer of Restoration Robotics. Please go ahead, sir.

Ryan Rhodes

Thanks, operator. Welcome everyone to our merger announcement conference call. I'm joining this morning's call by our Chief Financial Officer, Mark Hair; as well as the Chairman, Chief Executive Officer and Co-Founder of Venus Concept, Dom Serafino; and the Chief Financial Officer of Venus Concept, Domenic Della Penna.

We announced via a press release this morning an exciting combination of two leading companies in hair restoration and the global aesthetics market. We believe the combination of Restoration Robotics and Venus Concept presents a compelling opportunity to become a leading player in minimally-invasive hair restoration worldwide.

Importantly, we believe the proposed transaction creates a combined company with the resources, product portfolio and expertise that makes us a stronger company together, which means we are better positioned to execute against our strategic growth and profitability objectives, which will benefit our customers, employees and our shareholders.

On Restoration Robotics' Investor Relations website, we have posted a short presentation reviewing today's news that accompanies our remarks. While we do not intend to walk page-by-page through this presentation, it may be useful to consult this presentation during the course of our call today.

We look forward to discussing this transaction in more detail, but first I want to introduce Dom Serafino, CEO of Venus Concept, who will serve as the combined company's CEO. Rather Restoration Robotics team knows the Venus Concept story having followed their progress over the years, given they are a private company, there are likely many of you on the phone this morning, who would appreciate hearing more about Dom's background and the impressive company he has built over the last nine years.

So I'd ask him to start here, and Dom, please join us.

Domenic Serafino

Thanks, Ryan. And good morning, everybody. Before jumping in, I wanted to echo the sentiments Ryan shared about how compelling this opportunity