The following is a summary of the Sensus Healthcare, Inc. (SRTS) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Sensus Healthcare announced significant year-over-year revenue growth, with Q3 2024 revenues more than doubling to $8.8 million from $3.9 million in Q3 2023.

• Gross profit for Q3 2024 was $5.2 million, representing a gross margin of 59.3%, an improvement from 51% in the previous year.

• Net income for Q3 2024 was $1.2 million, compared to a net loss of $1.5 million in Q3 2023, reflecting a strong turnaround in profitability.

Business Progress:

• Sensus Healthcare shipped 27 SRT systems during Q3 2024, marking significant growth from 11 systems in the year-ago quarter.

• Entered into an exclusive agreement with Platinum Dermatology Partners to cover all their 130 clinical sites in the U.S., the largest sale to date under their Fair Deal Agreement or otherwise.

• The company has made notable progress in penetrating international markets, particularly in Asia and the Middle East, shipping systems to Israel and reaching new territories each year.

Opportunities:

• The Fair Deal Agreement and additional sales models provide Sensus opportunities for recurring revenue, allowing capital flexibility for customers under challenging macroeconomic conditions.

• The expansion of SRT technology into the hospital oncology market and the veterinary market offers new growth avenues.

Risks:

• Dependency on a few large customers was highlighted, with a significant portion of placements related to the company's largest customer.

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