{"id":58066,"date":"2024-08-08T00:03:55","date_gmt":"2024-08-08T00:03:55","guid":{"rendered":"https:\/\/english.saigonbiz.com.vn\/2024\/08\/08\/prosomnus-sleep-technologies-announces-record-revenues-as-it-emerges-from-reorganization\/"},"modified":"2024-08-08T00:03:55","modified_gmt":"2024-08-08T00:03:55","slug":"prosomnus-sleep-technologies-announces-record-revenues-as-it-emerges-from-reorganization","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/prosomnus-sleep-technologies-announces-record-revenues-as-it-emerges-from-reorganization\/","title":{"rendered":"ProSomnus\u00ae Sleep Technologies Announces Record Revenues as it Emerges from Reorganization"},"content":{"rendered":"<div>\n<p align=\"justify\">PLEASANTON, Calif., Aug.  07, 2024  (GLOBE NEWSWIRE) &#8212; ProSomnus Sleep Technologies (the \u201cCompany\u201d), the leading non-CPAP Obstructive Sleep Apnea (OSA) therapy&#x2122;, announced record revenues for the quarter ended June 30, 2024 as it formally emerges from reorganization on August 5, 2024.<\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify;\">Revenues for the second quarter totaled a record $9.1 million reflecting increasing orders for the Company\u2019s precision intraoral medical devices. These quarterly results reflect a 22% increase over the first quarter of 2024, a 31% increase over the same quarter in 2023 and the 9<sup>th<\/sup> record revenue quarter over the past 10 sequential quarters.<\/li>\n<li style=\"text-align:justify;\">Year-to-date 2024 revenues totaled $16.6M, a 30% increase over the first half of 2023.<\/li>\n<li style=\"text-align:justify;\">Operating expenses year-to-date decreased 25% to $12.5 million from $16.7 million.<\/li>\n<li style=\"text-align:justify;\">Effective August 5, 2024, the transactions contemplated by the Second Amended Plan of Reorganization of ProSomnus, Inc. closed. The culmination of the plan results in:\n<ul type=\"circle\">\n<li style=\"text-align:justify;\">Uninterrupted continuation of the Company\u2019s business;<\/li>\n<li style=\"text-align:justify;\">Ongoing delivery and support of the Company\u2019s products;<\/li>\n<li style=\"text-align:justify;\">ProSomnus Sleep Technologies, Inc. emerging from reorganization; and<\/li>\n<li style=\"text-align:justify;\">Recapitalization of the Company and new capital investment to drive future growth and stability.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p align=\"justify\">&#8220;The past several months have clearly demonstrated the resilience of ProSomnus and the value of our non-CPAP therapy\u201d noted Len Liptak, Chief Executive Officer. &#8220;ProSomnus continued to serve its patients and sleep clinician customers through a harrowing time in our Company\u2019s evolution. The continuous growth of our business as reflected in the financial results, ongoing and significant progress in key initiatives, including our ProSomnus RPMO<sub>2<\/sub> Device, and our ability to attract new capital all while efficiently navigating the intricacies of our corporate reorganization is a reflection of the special nature of ProSomnus and our mission to be the leading provider of solutions to patients affected by OSA and the clinicians who care for them.&#8221;<\/p>\n<p align=\"justify\"><strong>About ProSomnus Sleep Technologies<\/strong><br \/>ProSomnus Sleep Technologies is the leading non-CPAP therapy for the treatment of Obstructive Sleep Apnea, a serious medical disease affecting over 1 billion people worldwide, that is associated with comorbidities including heart failure, stroke, hypertension, morbid obesity, and type 2 diabetes. ProSomnus intraoral medical devices are engineered to precisely track the treatment plan and anatomy for each patient. Non-invasive, patient preferred and easy to use, ProSomnus devices have demonstrated excellent efficacy, safety, adherence, and overall outcomes in a growing body of clinical investigations. ProSomnus precision intraoral devices are FDA-cleared, patented, and covered by commercial medical insurance, Medicare, TRICARE and many Government-sponsored healthcare plans around the world, representing over 200 million covered lives. To learn more, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wbjMze8U4JrOzqXoovgo9NG2bfeDHsnOSl0PKoJowWJj1CoGkxLOodlerkDpzD6yMVPLs5jkcCwBj5EOYJpd8yeuAzi6F_Nr6yraKVYTZ-9NApB_itl22EdQf78VvtQDRxOrrMBCuM500_2VVLEqlkt70O1ij2xbcfKYXBvdWPmL0iJIlazQZcQgPbMQvJE17MmsNd1Vp8vFcEgb4WxS-2-JCPGRU5JYSOg2cvCLA5k=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.ProSomnus.com\">www.ProSomnus.com<\/a>.<\/p>\n<p align=\"justify\"><strong>Contact<\/strong><br \/>Heather Whalen<br \/>ProSomnus Sleep Technologies<br \/>Phone: +1.925.360.2990<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GvwXxS0jEdFrlJZgxBdvfuu7_MC4yRJ4STKaaptOnsgpZ--zkqFJRcCJE9w7MqKB4Dwh_wTt-y3cngQ78dxLq80WKX66WGr414p-4mdTEG0=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"HWhalen@ProSomnus.com\">HWhalen@ProSomnus.com<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MjMxZjEzZjQtMmJhMC00MTdlLTgyMTYtNGVkMWEzZTY1ZmMyLTEyNTYyNjQ=\/tiny\/ProSomnus-Sleep-Technologies-I.png\" referrerpolicy=\"no-referrer-when-downgrade\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PLEASANTON, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) &#8212; ProSomnus Sleep Technologies (the \u201cCompany\u201d), the leading non-CPAP Obstructive Sleep Apnea (OSA) therapy&#x2122;, announced record revenues for the quarter ended June 30, 2024 as it formally emerges from reorganization on August 5, 2024. Revenues for the second quarter totaled a record $9.1 million reflecting increasing orders for [&#8230;]\n","protected":false},"author":1,"featured_media":58067,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-58066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pr-newswire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.6 (Yoast SEO v21.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ProSomnus\u00ae Sleep Technologies Announces Record Revenues as it Emerges from Reorganization - Biz and Live in Saigon<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/english.saigonbiz.com\/vn\/prosomnus-sleep-technologies-announces-record-revenues-as-it-emerges-from-reorganization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ProSomnus\u00ae Sleep Technologies Announces Record Revenues as it Emerges from Reorganization\" \/>\n<meta property=\"og:description\" content=\"PLEASANTON, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) &#8212; ProSomnus Sleep Technologies (the \u201cCompany\u201d), the leading non-CPAP Obstructive Sleep Ap\" \/>\n<meta property=\"og:url\" content=\"https:\/\/english.saigonbiz.com\/vn\/prosomnus-sleep-technologies-announces-record-revenues-as-it-emerges-from-reorganization\/\" \/>\n<meta property=\"og:site_name\" content=\"Biz and Live in Saigon\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SaigonbizGroup\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-08T00:03:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2024\/08\/ProSomnus-Sleep-Technologies-I.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1\" \/>\n\t<meta property=\"og:image:height\" content=\"1\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/prosomnus-sleep-technologies-announces-record-revenues-as-it-emerges-from-reorganization\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/prosomnus-sleep-technologies-announces-record-revenues-as-it-emerges-from-reorganization\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/person\/267b348e6cf32a66aab33637c2d399a6\"},\"headline\":\"ProSomnus\u00ae Sleep Technologies Announces Record Revenues as it Emerges from Reorganization\",\"datePublished\":\"2024-08-08T00:03:55+00:00\",\"dateModified\":\"2024-08-08T00:03:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/prosomnus-sleep-technologies-announces-record-revenues-as-it-emerges-from-reorganization\/\"},\"wordCount\":420,\"publisher\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#organization\"},\"articleSection\":[\"Pr Newswire\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/prosomnus-sleep-technologies-announces-record-revenues-as-it-emerges-from-reorganization\/\",\"url\":\"https:\/\/english.saigonbiz.com\/vn\/prosomnus-sleep-technologies-announces-record-revenues-as-it-emerges-from-reorganization\/\",\"name\":\"ProSomnus\u00ae Sleep Technologies Announces Record Revenues as it Emerges from Reorganization - 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