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Good afternoon, women and gentlemen. Welcome to the TransEnterix fourth-quarter and full-year 2018 money and in operation results call. As a reminder, this call is webcast live and recorded. it's currently a pleasure to introduce your host Mr.Mark Klausner of Westwicke Partners. Please plow ahead, sir.Mark Klausner -- capitalist Relations

Good afternoon, and many thanks for connexion United States of America for the TransEnterix fourth-quarter call. connexion United States of America on today's decision area unit TransEnterix president and chief officer, Todd Pope, and its govt vice chairman and chief money handler, Joe Slattery. I'd prefer to prompt you that this decision is being webcast live and recorded. A replay of the event is going to be obtainable following the decision on our web site.

trxc stock price today. To access the webcast, please visit the Events link within the IR section of our web site, transenterix.com. Before we start, i'd prefer to caution listeners that bound info mentioned by management throughout this call as well as steering associated with the amount of S enhance Systems expected to be oversubscribed within the half-moon of 2019, area unit advanced statements coated underneath the porcupine provision provisions of the non-public Securities legal proceeding Reform Act of 1995. Actual results may take issue materially from those explicit or silent by our advanced statements because of risks and uncertainties related to the company's business. the corporate undertakes no obligation to update the knowledge provided on this decision.

TransEnterix (TRXC) Earnings Conference Call Transcript | Bitcoin Price Today current bitcoin price Live

For a discussion trxc stock price today of risks and uncertainties related to TransEnterix business, I encourage you to review the company's filings with the Securities and Exchange Commission, as well as the shape 10-K for the year, terminated New Year's Eve, 2018 to be filed on. throughout this decision, we'll conjointly gift bound non-GAAP money data associated with adjusted web loss and adjusted earnings per share. Management believes that non-GAAP money measures taken in conjunction with the U.S. generally accepted accounting trxc stock price today practices money measures offer helpful data for each management and investors by excluding bound non-cash and different expenses that don't seem to be indicative of the company's core results.

Management uses non-GAAP measures to check our performance relative to forecast and strategic plans to benchmark our performance outwardly against competitors and sure as shooting compensation choices. Reconciliations from the U.S. generally accepted accounting practices to non-GAAP results square measure given within the tables incidental to our earnings unharness which may be found within the capitalist Relations section of our web site. therewith it's my pleasure to show the decision over to TransEnterix President and Chief military officer Todd Pope.

Todd Pope -- President and Chief military officer

Thank you, Mark, and welcome to our fourth-quarter 2018 phone call. we'll begin today's decision by providing a high-level summary of our fourth-quarter performance followed by the review of the progress we have a tendency to created throughout 2018. i'll then flip the decision over to Joe to produce a money summary, once that i'll discuss our priorities for 2019. beginning with our fourth-quarter performance.

In the fourth quarter, we have a tendency trxc stock price today to sold  5 systems -- region one within the U.S. and one in Asia. we have a tendency to were more than happy with our results throughout the quarter. Notably, this was the primary quarter during which we have a tendency to hold a minimum of one system in each of the 3 geographic regions.

Starting in the EMEA region, we have a tendency to sold  3 systems. One was an instantaneous sale to associate user hospital in Schweiz and also the different 2 were sales to finish user hospitals by distributors. The direct sale in Schweiz was our 1st sale in Schweiz to Moncucco Clinica Lugano, that is that the largest hospital within the Ticino Canton. and that they have already begun playacting procedures generally surgery, with plans to expand the employment to multiple specialties.

Turning to the U.S. we have a tendency to hold an S enhance to Hackensack Meridian Health at Pascack depression, that is a component of an oversized hospital system as well as thirteen hospitals in New Jersey. This represents a vital enlargement trxc stock price today into a key earth science with a significant health care system. We're happy to be partnering with leading surgeons at intervals this hospital to supply patients access to advanced minimally invasive surgery generally surgery and gynecology.
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