Endologix Inc. Q4 2008 Earnings Call Transcript

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2009-02-19 18:57:14.0

Tags: Sales Force, Call Transcript, Earnings, Question, Endologix Inc., Sales Strategy, Sales Force Management, Sales, Seeking Alpha

Question-and-Answer Session

Operator

(Operator Instructions)

John McDermott

While we are waiting for the first question, I would like to announce that we will be presenting at the Lazard Capital Markets medical device conference being held March 25th and 26th in Snowbird, Utah. A webcast of this presentation will be available on our website at www.endologix.com .

Operator, we're ready for the first question.

Operator

Your first question comes from the line of Shawn Fitz with Stephens Incorporated. You may proceed with your question.

Drew Jones - Stephens Incorporated

Hi, John, Bob. This is actually Drew for Shawn. We had a quick question for you on guidance. What assumptions are you guys making as far as contributions from new products? And, if you could specifically break that out as far as assumptions for Powerlink XL and the suprarenal cuffs, that would be even more helpful.

John McDermott

We have not yet provided that level of detail in the guidance as it relates to new products. It is a little too early in the year to start to drill down at that level.

Drew Jones - Stephens Incorporated

Okay, but Powerlink. You guys obviously had a really good fourth quarter with that. So we could kind of conservatively assume we would see a little bit of growth off that through the year?

John McDermott

Yes, we expect growth from Powerlink XL, sure.

Drew Jones - Stephens Incorporated

Okay. And then just as far as sales rep adds, it looks like productivity is improving there. Is that going to be the lever that you are really going to rely on through the year, or do you think towards the end of the year, once you get everything more in line with where you think it needs to be with regards to the sales force? Then you'll feel comfortable maybe making a few adds there?

John McDermott

Yes, we are actually going to make a small number of additions in 2009, but you are exactly correct. We are still seeing good productivity gains, and we feel like we still have a lot more opportunity to drive incremental cases from the current sales force. But we will add a couple of territories and then be in a position to look at making additional adds in the future.

Drew Jones - Stephens Incorporated

Okay. Well, thank you guys. We appreciate it.

John McDermott

Good. Thank you.

Operator

(Operator Instructions)

 

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