Aspira Women’s Health Announces Preliminary Fourth Quarter 2022 Volume, Preliminary Results in Line with Cash Utilization Guidance, and Other Highlights

James Eaton

Aspira Women’s Wellness Inc.

Preliminary screening quantity throughout the fourth quarter of 2022 was 5,643, an maximize of 18 % compared to the fourth quarter of 2021

Preliminary final results regular with beforehand presented hard cash utilization direction for the fourth quarter and whole calendar year of 2022

More minimized staff members to obtain predicted calendar year-around-calendar year salary cost financial savings of about $6 million in 2023

AUSTIN, Texas, Jan. 09, 2023 (World NEWSWIRE) — Aspira Women’s Wellbeing Inc. (“Aspira”), a bio-analytical based women’s health and fitness company focused on the improvement of gynecologic illness diagnostic equipment, currently announced preliminary fourth quarter highlights.

Preliminary Fourth Quarter Highlights

  • The range of OvaSuiteSM exams done increased 23% to 21,424 assessments for the duration of the calendar year ended December 31, 2022, in contrast to 17,377 exams in 2021.

  • The variety of OvaSuite tests executed amplified 18% to 5,643 checks throughout the quarter ended December 31, 2022, in comparison to 4,768 checks for the fourth quarter of 2021.

  • Normal daily check volume reached a new higher in the fourth quarter, escalating to 86.6.

  • Preliminary success reveal that Aspira has accomplished earlier supplied hard cash utilization guidance for the fourth quarter of between $6 million and 8 million.

Aspira President and CEO, Nicole Sandford, said, “This yr-around-year increase in test volume demonstrates steady provider adoption and the expanding rely on in our Ova1Plus® ovarian cancer risk assessment check. To further more accelerate the trajectory of our OvaSuite product or service portfolio in 2023, we have discovered our most impactful sales and advertising and marketing procedures and have built immediate changes to our approaches as a consequence. Territories have been expanded for our most helpful area reps, and we strategy to generate a lot more significant-touch medical professional academic opportunities dependent on the OvaWatch clinical analyze not too long ago revealed in Frontiers in Medication . We are also taking steps to go on to enhance our connection with BioReference adhering to the successful start of our co-internet marketing and distribution arrangement in the fourth quarter.”

Ms. Sandford ongoing, “We carry on to make development on price tag containment, and preliminary final results exhibit we comfortably met our formerly presented dollars utilization guidance for the fourth quarter and whole 12 months of 2022. Which include the drive reduction we executed final 7 days, we assume to help you save far more than $6 million pounds, as well as the price of added benefits, in 2023 related to redundant roles. We do not assume these reductions to have a material effect on our expansion designs. We think our current methods and incremental profits will sustain the company by means of its merchandise innovation and advancement goals in 2023,” Ms. Sandford concluded.

About Aspira Women’s Health Inc.
Aspira Women’s Wellness Inc. is reworking women’s gynecological overall health with the discovery, growth, and commercialization of revolutionary screening solutions for gals of all races and ethnicities. OvaSuite is the company’s portfolio of blood-centered ovarian cancer hazard assessment assessments intended to assistance healthcare vendors shift confidently from evaluation to motion for girls with adnexal masses. Ova1Plus combines our Food and drug administration-cleared items, Ova1® and Overa®, to detect risk of ovarian malignancy in girls with adnexal masses prepared for surgical procedures. OvaWatchSM, a lab-formulated test with a 99% Unfavorable Predictive Value, was built to rule out ovarian most cancers risk in patients with masses that surface benign or indeterminate primarily based on the clinician’s preliminary evaluation. EndoCheckTM, Aspira’s to start with-of-its-variety non-invasive diagnostic test for endometriosis, is now in growth. Pay a visit to our web site for far more details at www.aspirawh.com.

Forward-Searching Statements
This press launch contains forward-searching statements, as defined in the Personal Securities Litigation Reform Act of 1995, including statements pertaining to strategic programs, development with regard to price tag containment, approximated take a look at volumes, estimated dollars utilization for the fourth quarter and whole year of 2022, cash means and expected personal savings and impacts from workforce reductions. Forward-looking statements require a number of hazards and uncertainties. Phrases these kinds of as “may,” “expects,” “intends,” “anticipates,” “believes,” “estimates,” “plans,” “seeks,” “could,” “should,” “continue,” “will,” “potential,” “projects” and related expressions are supposed to discover forward-searching statements. These ahead-seeking statements talk only as of the date of this press launch and are topic to a amount of hazards, uncertainties and assumptions, like those people explained in the part entitled “Risk Factors” in Aspira’s Yearly Report on Form 10-K for the calendar year ended December 31, 2021, as supplemented by the portion entitled “Risk Factors” in Aspira’s Quarterly Report on Type 10-Q for the quarter ended September 30, 2022. Amid other matters, there can be no assurance that Aspira’s precise total year 2022 money and operating final results will not vary, most likely significantly, from the preliminary economical and functioning success contained in this push release. In addition, Aspira has not finished its fourth quarter and full yr 2022 closing and overview approach, and the closing outcomes for the full year 2022 may well vary, most likely substantially, from the statements designed in this press launch. All through the system of getting ready our 2022 monetary statements and all through our evaluate procedure, we could detect merchandise that would demand us to make adjustments that may well be materials to the quantities described in this press launch. True final results might also differ from people contemplated by ahead-looking statements owing to challenges which include, but not limited to: our capacity to keep on as a likely issue our skill to comply with Nasdaq’s continued listing demands impacts resulting from prospective variations to protection of Ova1 by our Medicare Administrative Provider for Ova1 impacts ensuing from or relating to the COVID-19 pandemic and actions taken to incorporate it expected use of capital and its effects our skill to boost the quantity of our product or service income failures by third-get together payers to reimburse for our products and solutions or improvements to reimbursement rates our capacity to continue on building current systems and to create, defend and promote our proprietary technologies plans to create and accomplish laboratory produced tests our ability to comply with Food items and Drug Administration (“FDA”) regulations that relate to our products and solutions and to obtain any Fda clearance or approval needed to establish and commercialize clinical equipment our potential to develop and commercialize further diagnostic products and solutions and accomplish market acceptance with regard to these merchandise our means to compete correctly our means to acquire any regulatory approval required for our long term diagnostic items or our suppliers’ potential to comply with Fda prerequisites for creation, marketing and advertising and publish-sector checking of our goods our ability to sustain enough or acceptable provides of immunoassay kits from our suppliers in the event that we thrive in commercializing our merchandise outside the house the United States, the political, economic and other ailments affecting other nations variations in healthcare coverage our means to comply with environmental laws our potential to comply with the more legal guidelines and restrictions that implement to us in link with the operation of ASPiRA LABS our capacity to use our net running decline carryforwards our capability to use mental home our capability to properly defend our proprietary technological know-how versus third parties our skill to get licenses in the party a third party productively asserts proprietary legal rights the liquidity and trading volume of our popular inventory the concentration of ownership of our typical inventory our capacity to retain key workers our capability to safe further money on suitable terms to execute our business system business interruptions the performance and availability of our information methods our skill to integrate and realize predicted outcomes from any acquisitions or strategic alliances potential litigation against us, such as infringement of intellectual house and products liability publicity and supplemental fees that may well be demanded to make further enhancements to our laboratory functions. The gatherings and circumstances reflected in Aspira’s forward-looking statements may possibly not be attained or take place, and actual outcomes could vary materially from those people projected in the forward-on the lookout statements. Aspira expressly disclaims any obligation to update, amend or make clear any forward-looking statements no matter if as a result of new info, potential situations or or else, apart from as expected by regulation.

Trader Relations Contact:
Monique Kosse
Running Director
LifeSci Advisors, LLC
Tel: 212-915-3820

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