This is Nick. This is Jack. And we are at Nasdaq. And that's the Lv. 1 go IPO. We're at Nasdaq, the New York City Times Square-based Stock Exchange. Founded in 1971, basically?

Because the computer was founded. It's a nice-go incident. Unlike the New York Stock Exchange where you have really burly guys handing tickets to buy themselves. This is super technical, no trading floor.

Highly electronic, no helmet needed when you're on the floor of Nasdaq. But Lavango is about to begin trading in a bit. They just launched the opening bell and it's kind of wild to be there.

So for our first story, this is not our typical snack story because we're actually with the company.

We're sitting down with Dr. Schneider of Lavango, the digital health company that just IPOed on Nasdaq last week.

It's been a hugely exciting IPO. First of all, because Lavango is helping people with chronic illnesses. And I just learned today that 147 million Americans have chronic illness.

Jack and I were actually on site for this IPO, which is a wild experience in and of itself. It kind of feels like a Disney ride, kind of meets a movie situation.

But before we talk anymore, let's give the microphone to the president of Lavango, Dr. Schneider. So I'd love if you could put on your sales hat and tell our audience what the company does and how it's helping customers.

Sure. Thank you. Thanks for having me here. This is really fun to get to be with you.

So Lavango's mission is empowering people with chronic conditions to live better and healthier lives. As you stated, 147 million Americans have a chronic condition today.

We know that 40% of those with one chronic condition have a second chronic condition. And the healthcare ecosystem was not designed to take care of those of us living with the chronic condition.

Because in chronic condition management, you need to be making educated decisions multiple times every day. Should I eat a bagel? Should I have salmon? Should I drink juice? Should I have water? Should I sleep for eight hours or six hours?

And the healthcare ecosystem has done really great at acute management of healthcare. So if you have a heart attack, there's no better place and right here in New York City to get taken care of.

Or broken arm, really great at that. But because those of us with chronic conditions manage our condition outside 99.999999% of the time, we need to have a new system.

So what we've designed and what we've built is a set of solutions that sit across diabetes, hypertension, weight management and behavioral health, the leverage and engine that we call AI, AI engine to drive highly personalized, actionable and timely messages directly back to the member.

Now we've actually seen the device. It's a very neat looking device. Great case study for it is like for diabetes where you're actually going to take a small amount of blood, be able to stick that strip in the device and it's going to broadcast it with kind of customized data about you in real time.

If it's right in your pocket works together with your phone, right? We also noticed in the S1 because we always jump into the S1, the filing paperwork to get to know the company better. It was really interesting to hear the founder talk about his own personal story with actually starting the company, right?

That's right with his son. That's right. So I can you want me to talk about. Yeah, yeah, I'm happy to do that. Yeah. So Glenn had a son Sam who was diagnosed when he was eight with type one diabetes and it is and I have type one diabetes. So I understand this from a patient standpoint as well.

But when you're given that diagnosis, you start to understand how hard the healthcare system has made it to manage that condition. Things such as your doctor may say, check your blood glucose seven times a day, but your insurance company will only reimburse you for four times a day.

So then you're left without strips and the inability to do anything about it. Yeah, I remember check your blood sugar level. Check it often. We all know that commercial. That's right.

We talked about the sales pitch. We talked about this kind of upside of the company, always going to talk about what are kind of the downside risks. Good example here is the fact that revenues for the company for Levant go have doubled over the last year.

Losses have also doubled. What kind of is the reason behind that? Yeah, it's a great question. So we have had tremendous market traction. And a large reason for that is because of the value proposition we're driving for clients.

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