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CeriBell (CBLL) investor relations material
CeriBell Piper Sandler 37th Annual Healthcare Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Piper Sandler 37th Annual Healthcare Conference summary3 Dec, 2025
Company Overview and Achievements
Developed an AI-powered, point-of-care EEG platform with the Clarity algorithm for rapid seizure detection and continuous monitoring in acute care settings.
Achieved $22.6M in Q3 2025 revenue, 31% year-over-year growth, 88% gross margin, and presence in over 615 US accounts.
Supported by over 45 peer-reviewed publications and 100+ abstracts, demonstrating device equivalence to conventional EEG and significant clinical impact.
Largest study (SAFR trial) showed a 4.1-day reduction in ICU stay and 18% improvement in clinical outcomes for severe disability.
Avoided 94% of patient transfers and changed clinical decisions in 20–53% of cases, supporting cost savings and improved care.
Clinical Need and Product Solution
ICU seizures are mostly non-convulsive, leading to high mortality and morbidity if undetected; early EEG is critical for management.
Conventional EEG is slow and resource-intensive, causing delays in diagnosis and treatment.
The platform enables rapid EEG setup by non-specialized staff in about 5 minutes, with AI analyzing data every 10 seconds and providing bedside alerts for status epilepticus.
Real-time data streaming allows remote neurologist review, while AI provides immediate bedside decision support.
Expanded FDA clearance for pediatric and neonate populations, unlocking new market segments.
Business Model and Market Expansion
Recurring revenue model: 25% from subscriptions (system access/SaaS), 75% from disposable headbands.
Consistent quarter-over-quarter growth, with only 3% US market penetration and a $2B+ TAM in acute care seizure management.
Addressable US market includes over 3 million patients and 6,000+ hospitals, with significant growth opportunities in acute care and adjacent indications.
Achieved FedRAMP high cybersecurity, enabling access to VA hospitals and expansion into pediatric and neonatal markets, adding $400M TAM.
Commercial expansion includes VA hospitals and pediatric/neonate markets, with combined launches expected in 2026.
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Q4 202527 Feb, 2026
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Frequently asked questions
Ceribell Inc. is a medical technology company specializing in point-of-care electroencephalography (EEG) systems designed to enhance the diagnosis and management of patients with serious neurological conditions. Its flagship product, the Ceribell System, combines portable hardware with artificial intelligence (AI)-powered algorithms to enable rapid detection and continuous monitoring of neurological conditions in acute care settings. The system includes EEG disposable headbands and pocket-sized, battery-operated recorders, facilitating early detection and management of suspected seizure patients. The company is headquartered in Sunnyvale, California, and its shares are listed on the NASDAQ.
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