This allows us to speak a common language, engage in more informed discussions, and allows us to even illustrate our performance superiority, productivity yields, and broad healthcare economic value proposition across all of iCAD's ProFound AI offering.
ICAD COMPANIES LIST SOFTWARE
The CIO or title similar to it represent a new category of final decision-makers that understand the nuances and advantages of AI software and, importantly, the difference between a clinically validated and algorithmically based solution. The emergence of the CIO in enterprise deals, however, presents us with a highly receptive, AI-centric, and knowledgeable customer that provides a clear advantage to iCAD. While an additive and often helpful upstream call point, the inclusion of the CIO in the enterprise deal decision process can and has moderately extended our sales cycle. In some, enterprise customers represent a unique linkage or triad of economic, clinical, and, now, technical decision-makers, typically with the title of chief technology or chief information officer.
Their decisions on healthcare procurement are driven by a commitment to enhancing workflow productivity among a large number of stakeholders overall quality, consistency, and even uniformity of care and measurable ROIs are outcomes that are essential to enterprise customers. These are typically large and often geographically diverse accounts. We have been tracking the emergence of this unique customer segment as it has become more prominent in recent months. It is worth spending a moment to detail the makeup of these enterprise deals and how we are evolving our commercial infrastructure, personnel, and go-to-market strategy to efficiently secure them. And as stated, July was a successful month of capturing several of these important deals. To be clear, the longer-cycle deals that didn't close in Q2 were not lost to competition, which we continue to see little evidence of, and the slippage of some larger enterprise deals in Q2 are well-qualified customers actively seeking iCAD's detection and risk assessment AI solution and have dollars budgeted and allocated for purchase. While we anticipate that the longer-enterprise sale cycle will continue to be a meaningful component of our pipeline, the addition of these enterprise sales will increase our addressable market and average deal size. We began to close some of these longer-cycle deals in July. While this was a 41% increase over the second quarter of 2020, second-quarter 2021 total revenue was negatively impacted by longer than expected enterprise sales cycles, which impacted the timing of several large accounts. As presented in our earnings release, iCAD's second-quarter total revenue was 7.8 million. I'd like to begin by highlighting several key aspects of iCAD's second-quarter performance, as well as provide a brief snapshot of the current business and operating conditions as we move into Q3. Thank you, Jeremy, and good afternoon, everyone. You can, of course, ask questions, which we answer in a round of questions at the end.Mike Klein - Chairman and Chief Executive Officer To make this happen even more quickly, in this online seminar you are given a practical overview of the iCAD Assembler and find out about the individual function areas of the software. The intuitive layout of the graphic user interface ensures that you can use the tool competently after a short familiarisation period. And therefore, a reliable basis for your assembly or order. As a result, you receive a true-to-scale design drawing including the corresponding bill of material. An integrated plausibility check ensures that everything is compatible. Simply select the required parts from an electronic catalogue and join them together.
ICAD COMPANIES LIST FREE
With this free software you can create your designs with MiniTec profiles conveniently in 3D on the screen, before you begin the implementation. The iCAD Assembler CAD tool is the logical addition to the MiniTec modular profile system.
ICAD Assembler – the free MiniTec design tool 16 September 2020 from 14:00 - 15:00 Edging, cover, slide and sealing profiles
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