Content area
Full Text
Presentation
OPERATOR: Greetings, and welcome to the NantHealth 2022 First Quarter Financial Results Conference Call. (Operator Instructions) As a reminder, this conference is being recorded, Thursday, May 5, 2022.
I would now like to turn the conference over to Robert Jaffe, Investor Relations for NantHealth. Please go ahead.
ROBERT JAFFE: Thank you, operator. Welcome, everyone, and thank you for joining us today to discuss NantHealth's 2022 first quarter financial results. On the call today are Ron Louks, Chief Operating Officer; and Bob Petrou, our Chief Financial Officer. This call is being broadcast live at www.nanthealth.com. A playback will be available for 3 months on NantHealth's website.
I'd like to make the cautionary statement and remind everyone that forward-looking information discussed on today's call is covered under the safe harbor provisions of the Litigation Reform Act. The company's discussion today will include forward-looking information reflecting management's current forecast of certain aspects of the company's future, and actual results could differ materially from those stated or implied.
In addition, during the course of this call, we refer to non-GAAP financial measures that are not prepared in accordance with U.S. generally accepted accounting principles and may be different from non-GAAP financial measures used by other companies. Investors are encouraged to review NantHealth's press release announcing its full 2022 first quarter financial results for the company's reasons for including those non-GAAP financial measures in its financial results announcement. Reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures is also attached to the company's earnings press release issued earlier today.
In a moment, Ron will discuss the business, followed by Bob, who will discuss the financial results. We will then open the call for questions.
With that said, I will now turn the call over to Ron Louks. Ron?
RONALD ALLEN LOUKS, COO, NANTHEALTH, INC.: Thanks, Robert. Good afternoon, everyone, and welcome to NantHealth's 2022 First Quarter Financial Results Conference Call.
Turning briefly to our financial performance. We reported positive momentum in Q1. The total revenue increase to $16.4 million over the previous quarter total revenue of $16 million. Our main strategy to help drive further growth is to continue to invest in the development of our products and services, including the expansion of our cloud...