Second Sight Medical Products, Inc. (NASDAQ:EYES) Q1 2019 Earnings Conference Call Transcript

May 15, 2019 • 04:30 pm ET


Second Sight Medical Products, Inc. (NASDAQ:EYES) Q1 2019 Earnings Conference Call Transcript


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Greetings, and welcome to the Q1 2019 Results Call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question-and-answer session. (Operator Instructions)

As a reminder, this call is being recorded, Wednesday, May 15, 2019.

I would now like to turn the call over to Lisa Wilson, Investor Relations with Second Sight. Please, go ahead.

Lisa Wilson

Thank you, Ash. Good afternoon and welcome to Second Sight's first quarter 2019 results call. This is Lisa Wilson, Investor Relations for Second Sight. With me on today's call are Will McGuire, President and Chief Executive Officer; and John Blake, Chief Financial Officer of Second Sight.

After the close of market, the Company issued a press release, detailing financial results for the three months ended March 31st, 2019. The press release can be accessed through the Investor Relations section of the Second Sight website at You can also access the webcast of this call from there.

Before we get started, I would like to remind everyone that any statements made on today's conference call that express a belief, expectation, projection, forecast, anticipation or intent regarding future events and the company's future performance may be considered forward-looking statements as defined by the Private Securities Litigation Reform Act. These forward-looking statements are based on information available to Second Sight management, as of today and involve risks and uncertainties, including those noted in this afternoon's press release and Second Sight's filings with the SEC.

Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from those projected in the forward-looking statements. Second Sight specifically disclaims any intent or obligation to update these forward-looking statements, except as required by law. A telephone replay of the call will be available, shortly after completion of this call for the next two weeks. You will find dial-in information in today's press release.

The archived webcast will be available for one month on the company's website, For the benefit of those who may be listening to the replay or archived webcast, this call was held and recorded on May 15th, 2019. Since then, Second Sight may have made announcements related to the topics discussed, so please reference the Company's most recent press releases and SEC filings.

And with that, I will turn the call over to Second Sight's CEO, Will McGuire.

Jonathan Will McGuire

Thank you, Lisa, and thank all for joining our call this afternoon. This afternoon we announced that Second Sight would accelerate development of the Orion platform. On this call, I would like to share our rationale and our plans going forward. Our ultimate goal is to deliver a useful artificial vision to virtually all blind individuals. And we now believe, Orion offers the best and fastest path to do so.

The strategy increases the organizational focus on Orion, which should ultimately lead to treating more people sooner, while creating substantial value for shareholders. There are several reasons we believe now is the right time to accelerate our path forward for Orion.