Champions Oncology (CSBR) Earnings Transcript

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Wednesday, December 11, 2024 astatine 4:30 p.m. ET

• Chief Executive Officer — Ronnie Morris

• Chief Financial Officer — David Miller

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Ronnie Morris: Good afternoon. I americium Ronnie Morris, CEO of Champions Oncology. Joining maine contiguous is David Miller, our Chief Financial Officer. Thank you for joining america for our quarterly net call. Before I begin, I volition punctual you that we volition beryllium making forward-looking statements during today's telephone and that existent results could disagree materially from what is described successful those statements. Additional accusation connected factors that could origin results to disagree is disposable connected our Forms 10-Q and Form 10-K. A reconciliation of non-GAAP fiscal measures that whitethorn beryllium discussed during the telephone to GAAP fiscal measures is disposable successful the net release. Q2 was different beardown 4th for Champions Oncology.

The affirmative momentum that began successful the 4th fourth of 2024 continued done the archetypal fractional of this twelvemonth with different 4th of affirmative fiscal results. Our halfway services concern saw a sustained maturation driven by our industry-leading PDX bank, our precisely characterized multi-omic data, operational betterment and beardown lawsuit relationships. Over the past year, we person focused connected strengthening our teams and refining processes, resulting successful enhanced quality, greater ratio and scalability. The expanding R&D budgets successful the assemblage person further boosted our confidence, starring to accrued bookings and trim cancellations, reinforcing our beardown semipermanent maturation outlook. A cardinal differentiator for america is our industry-leading PDX bank, which provides pharmaceutical and biotech companies with invaluable insights for cause development.

By continuously expanding our postulation of unsocial tumor models and enhancing their characterization, we person built a affluent multi-omic information acceptable with important imaginable for some cause find and development. This information acceptable has ever been a invaluable assets for our pharma partners with entree to model-specific information embedded successful the pricing of our studies. With the emergence of AI and its quality to unlock deeper insights from biologic information request for our information has grown, peculiarly successful presumption of some its breadth and depth. Recognizing this shift, we person been exploring ways to much efficaciously monetize this information implicit the past twelvemonth making important advancement with our customers.

In the coming quarter, we expect to present a caller gross watercourse done data-licensing, which volition person a important affirmative interaction connected our revenue, margins and endeavor value. Regarding Corellia, our wholly-owned cause improvement subsidiary, we stay highly enthusiastic astir the targets and compounds we person developed utilizing our proprietary data. We are actively engaged successful discussions to rise superior for the company. As with each of our outgo centers, we are mindful of the interaction connected our bottom-line results. To that end, we are focused connected minimizing costs portion ensuring that cause improvement progresses without compromise, each portion pursuing imaginable investors.