Neuronetics (STIM) Q4 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, March 17, 2026 astatine 10:02 AM CDT 31 min read

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Tuesday, March 17, 2026 astatine 8:30 a.m. ET

• President and Chief Executive Officer — Keith J. Sullivan

• Incoming President and Chief Executive Officer — Dan Reavers

• Chief Financial Officer — Steven E. Pfanstiel

• Chief Technology Officer — Corey Anderson

Keith J. Sullivan, and Steven E. Pfanstiel, Neuronetics, Inc.'s Chief Financial Officer. Before we begin, I would similar to caution listeners that definite accusation discussed by absorption during this league telephone volition see forward-looking statements covered nether the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements related to our business, strategy, fiscal and gross guidance, the Greenbrook integration, and different operational issues and metrics. Actual results tin disagree materially from those stated oregon implied by these forward-looking statements owed to risks and uncertainties associated with the company's business.

For a treatment of risks and uncertainties associated with Neuronetics, Inc.'s business, I promote you to reappraisal the company's filings with the Securities and Exchange Commission, including the company's Annual Report connected Form 10-K, which was filed premarket today. The institution disclaims immoderate work to update immoderate forward-looking statements made during the people of this call, but arsenic required by law. During the call, we volition besides sermon definite accusation connected a non-GAAP basis, including EBITDA. Management believes that non-GAAP fiscal information, taken successful conjunction with U.S. GAAP fiscal measures, provides utile accusation for some absorption and investors by excluding definite non-cash and different expenses that are not indicative of trends successful our operating results.

Management uses non-GAAP fiscal measures to comparison our show comparative to forecast and strategical plans, to benchmark our show externally against competitors, and for definite compensation decisions. Reconciliations betwixt U.S. GAAP and non-GAAP results are presented successful the tables accompanying our property release, which tin beryllium viewed connected our website. With that, it is my pleasance to crook the telephone implicit to Neuronetics, Inc.'s President and Chief Executive Officer, Keith J. Sullivan.

Keith J. Sullivan: Thanks, Mark. Good morning, everyone, and convey you for joining america today. Before I get into our results, I americium pleased to denote that the Board has appointed Dan Reavers arsenic our adjacent President and Chief Executive Officer of Neuronetics, Inc., effectual March 23. Dan is simply a proven person with much than 30 years successful aesculapian devices, and helium knows however to physique and standard commercialized wellness attraction businesses. Having spent clip with Dan done the hunt process, I americium assured helium is the close idiosyncratic to pb the institution into the adjacent chapter, and I americium looking guardant to moving with him to guarantee a creaseless transition. Now turning to our performance.