ThermoGenesis Holdings, Inc. (NASDAQ:THMO) Q1 2020 Earnings Conference Call - Final Transcript
May 14, 2020 • 04:30 pm ET
EBITDA loss for the quarter ended March 31, 2020 was $0.9 million as compared to a loss of $0.6 million for the quarter ended March 31, 2019, a decrease of $300,000.
The primary driver of the lower adjusted EBITDA was $300,000 increase in general and administrative expenses. At March 31, 2020 the company had cash and cash equivalents totaling $5.7 million compared with $3.2 million at December 31, 2019, an increase of 78%. Working capital also improved up to $6.9 million at March 31, 2020 as compared to $3.2 million at December 31, 2019.
This concludes our prepared remarks. So now, we'd like to open the call to your questions. Operator?