NEWTOWN, PA — Helius Medical Technologies, Inc. (NASDAQ: HSDT) is poised to release its fourth quarter and full year 2023 financial results on Thursday, March 28, 2024, marking a pivotal moment for the company and stakeholders alike. The announcement, scheduled after the market closes, is set to provide crucial insights into the company’s performance and strategic direction, particularly regarding its groundbreaking Portable Neuromodulation Stimulator (PoNS®) device.
Helius Medical Technologies stands at the forefront of neurotechnology innovation, with its flagship product, PoNS®, designed to assist in the rehabilitation of individuals suffering from neurological symptoms caused by diseases such as multiple sclerosis or the aftereffects of a traumatic brain injury. The device, which works by delivering electrical stimulation to the surface of the tongue, aims to enhance neuroplasticity and thereby improve gait and balance.
Following the announcement, President and Chief Executive Officer Dane C. Andreeff and Chief Financial Officer Jeffrey S. Mathiesen will host a conference call to delve deeper into the financial results and discuss the company’s progress and future plans. This includes an expanded update on the U.S. commercialization efforts for PoNS®, which could significantly impact the healthcare sector and the lives of millions affected by neurological conditions.
The decision to commercialize PoNS® in the United States represents a critical juncture for Helius Medical Technologies. The successful rollout and adoption of this technology could revolutionize the treatment landscape for patients with neurological disorders, offering a new avenue for rehabilitation that complements traditional therapies. Moreover, the financial implications of this move are substantial, with the potential to drive revenue growth and secure the company’s position as a leader in neurotechnology innovation.
The conference call, scheduled for 4:30 p.m. Eastern Time on March 28, promises to offer valuable insights into the company’s strategy, financial health, and outlook. Interested parties can register for the audio-only call or access the webcast, which will be archived under the Newsroom section of the company’s investor relations website.
As Helius Medical Technologies embarks on this next phase of growth and innovation, the forthcoming financial results and business update will be crucial in shaping perceptions and expectations among investors, healthcare professionals, and patients eagerly awaiting more accessible and effective neurological rehabilitation solutions.
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