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Recently unlocked door

Recently unlocked door: a fresh permission, approval, or qualification is already producing first real business

Calls Tested
499
Answered YES
24
Hit Rate
4.8%
rare by design

IceCure Medical Ltd (ICCM) — this company's answers

NO on the Q3 2023 call 2023-11-15 D
The model's full reasoning — Q3 2023 call → NO我们根据要求，只使用提供的文字记录。问题询问管理层是否描述了最近获得一项权限/批准等，且已有首批业务，且大部分尚未完成。我们需要寻找这样的表述。 在记录中，管理层提到在巴西和加拿大获得了ProSense的批准。此外，还提到在葡萄牙与新的分销商MC Medical扩大了分销。还提到在印度进行了首次乳腺癌冷冻消融手术。这些都是最近获得的权限或业务开始。但需要检查是否符合所有三个条件。 具体来说，关于巴西和加拿大：管理层说“we had some significant achievement on the regulatory front, including approval for ProSense in Brazil and Canada.” 这是最近获得的。关于巴西，后续说“In Brazil, after we got started our commercial activities, the orders were skipped. Out of the participating two conferences, we had a group of top KOLs who came to Israel a few months ago for training. So we could see it start also penetration and working with the top KOL to penetrate the Brazilian market.” 这表明订单已经开始（虽然“orders were skipped”可能有点模糊，但上下文表明已经开始了商业活动）。关于加拿大，它说“Canada will be part of our U.S. activities, which will mainly focus on the U.S., but Canada in our target.” 这似乎还没有开始销售。 葡萄牙：新分销商MC Medical，但仅提到“expanded distribution in Portugal with a new distributor”，没有提到是否已有销售。 印度：首次手术，但可能只是第一次使用，并非大规模销售。 关键是，问题问的是“recently obtained a permission, approval, qualification, certification, listing, or access right”且“first business already begun”且“large relative to what has flowed”。 巴西和加拿大是监管批准，但巴西已有商业活动开始，加拿大则提及“will be part of our U.S. activities”似乎尚未开始。葡萄牙是分销协议，可能算权限。但需要看是否已有首批业务。 另外，还有美国FDA的De Novo申请被拒绝，又提出上诉，这是待定的。 更明确的是，管理层提到“approval for ProSense in Brazil and Canada”是近期获得的。对于巴西，有提到订单开始，有KOL培训，所以可能符合。但问题要求“first business is already flowing”和“large relative to what has flowed”。 关于巴西，没有具体数字，但表明已经开始。同时，大部分市场尚待开发。但需要确认管理层是否明确说这是新获得且已有业务且大部分未服务。 看原文：Eyal说“approval for ProSense in Brazil and Canada.” 然后Ronen说“In Brazil, after we got started our commercial activities, the orders were skipped.” 这可能表示订单已经下但被跳过？不太清楚。但可以认为已有商业活动。 但更关键的是，这个批准是否就是“recently obtained”？是的，在2023年第三季度。而且巴西是新的市场。 然而，问题要求“one coherent development with all three present”。这里可能有多项，但最好找一个完整的。 另外，还有“In India, the first ever breast cancer cryoablation procedure in the country was performed using ProSense.” 这是印度首次手术，但印度是新的国家吗？可能之前没有批准？管理层没有提到印度批准，只说首次手术。 还有“we recently appointed Mr. Shad Good...

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Show the exact prompt the model was given
Using ONLY the supplied earnings call transcript and no outside information: On this call, does management describe that the company RECENTLY OBTAINED A PERMISSION, APPROVAL, QUALIFICATION, CERTIFICATION, LISTING, OR ACCESS RIGHT it did not previously hold — something granted by an outside authority, customer, partner, or institution that newly allows the company to sell, serve, or operate where it previously could not — AND that real first business through that newly opened door has ALREADY BEGUN, with most of what the access permits still ahead? Answer YES when management's own words convey, in whatever form fits the business, ONE coherent development with all three present: (1) the access is REAL AND RECENTLY IN HAND — granted, completed, or effective within roughly the last few quarters, not pending, applied-for, or expected; the form may be a regulatory approval or clearance, a customer or platform qualification, a certification or accreditation, a license, a formulary or program listing, entry onto an approved-supplier roster, or any equivalent gate that previously excluded the company; (2) FIRST BUSINESS IS ALREADY FLOWING — actual initial orders, customers, shipments, enrollments, placements, or revenue attributable to the new access, occurring now, however small; and (3) management conveys that what the access opens is LARGE RELATIVE TO WHAT HAS FLOWED SO FAR — the population, market, or activity now reachable is mostly unserved, so the reported results reflect only the first trickle through the door. Answer NO if the access is still pending, hoped for, or contingent. NO if the gate was cleared but nothing has yet transacted through it. NO if the access is routine renewal of permissions the company has long held. NO if the business through the new access is already mature and substantially reflected in results. NO if the door and its significance appear only in an analyst's question that management does not itself affirm. Use only the supplied transcript. Answer only YES or NO.

Companies that answered YES

TickerCompanyCallDateCall grade
DXCM DexCom, Inc. Q4 2023 2024-02-08 B+
RDCM RADCOM Ltd. Q4 2023 2024-01-31 A
PFE Pfizer Inc. Q4 2023 2024-01-30 F
NVAX Novavax, Inc. Q3 2023 2023-11-09 F
RVLV Revolve Group, Inc. Q3 2023 2023-11-01 C
APPS Digital Turbine, Inc. Q1 2024 2023-08-08 D
SIBN SI-BONE, Inc. Q3 2022 2022-11-07 C+
HBB Hamilton Beach Brands Holding Company Q3 2022 2022-11-05 C
CMLS Cumulus Media Inc. Q3 2022 2022-10-28 D
YMM Full Truck Alliance Co. Ltd. Q2 2022 2022-08-25 C+
CDXC ChromaDex Corporation Q4 2021 2022-03-09 C+
VNDA Vanda Pharmaceuticals Inc. Q4 2021 2022-02-23 F
AGIO Agios Pharmaceuticals, Inc. Q3 2018 2018-11-01 C
AMGN Amgen Inc. Q3 2018 2018-10-30 B+
MAS Masco Corporation Q3 2018 2018-10-30 C
PRIM Primoris Services Corporation Q2 2018 2018-08-11 C+
ATI Allegheny Technologies Incorporated Q1 2018 2018-04-24 B
HOLX Hologic, Inc. Q4 2017 2017-11-08 D
BIIB Biogen Inc. Q2 2017 2017-07-25 B
CNS Cohen & Steers, Inc. Q2 2017 2017-07-20 B
IONS Ionis Pharmaceuticals, Inc. Q1 2017 2017-05-09 C
PDCO Patterson Companies, Inc. Q3 2017 2017-02-23 C
BMY Bristol-Myers Squibb Company Q4 2016 2017-01-26 F
MAT Mattel, Inc. Q3 2016 2016-10-19 C

How the model reasoned

NVAX · Q3 2023 → YESThe question is: Does management describe that the company RECENTLY OBTAINED A PERMISSION, APPROVAL, QUALIFICATION, CERTIFICATION, LISTING, OR ACCESS RIGHT it did not previously hold — something grant...NO The transcript describes shipments of the updated COVID vaccine that began three weeks ago in the US after competitor launches, along with EU approval in October. However, these details do not meet the criteria for a YES answer because the transcript does not explicitly frame this as a newly obtained permission or access right that the company did not previously hold. Instead, it presents the launch as an update to their existing COVID-19 vaccine platform, with references to prior versions and the ability to update for seasonal strains.
MAT · Q3 2016 → YESThe question is about whether management describes that the company recently obtained a permission, approval, etc., that it didn't previously hold, and that real first business through that newly open...YES The transcript shows management describing a recent new partnership with Toys "R" Us for American Girl, granting exclusive store-within-store access that previously excluded the company. Initial shipping began in the first full quarter, with the distribution build still in early stages and most of the market potential ahead.
MAS · Q3 2018 → YESThe question is about whether management describes that the company recently obtained a permission, approval, etc., that it didn't previously hold, and that real first business through that newly open...YES The transcript shows management describing a recent program access at Menards that enables sales of stock cabinetry, with initial performance already underway and ramping toward an $80 million annual run rate in Q4—indicating the door is newly open and most of the potential volume remains ahead.

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Not investment advice. Artul.ai publishes AI-generated earnings-call quality grades and expected-volatility estimates — never buy or sell recommendations. We tested over 1,600 predictive hypotheses against 165,000 transcripts; the honest result, including what failed, is documented in our methodology.