Da Vinci programs supply surgeons high-definition 3D imaginative and prescient, a magnified view, and robotic and pc help. | Supply: Intuitive Surgical
Intuitive Surgical Operations Inc. this week introduced preliminary fourth-quarter outcomes that spotlight important da Vinci surgical robotic process progress.
Shares of the Sunnyvale, Calif.–primarily based firm rose practically 5% to $565 apiece in early morning buying and selling on Jan. 15 following the discharge of the preliminary outcomes.
Intuitive Surgical reported 17% progress in worldwide da Vinci procedures in 2024. For the fourth quarter, that progress totaled 18%. The surgical robotics chief mentioned it anticipates 13% to 16% process quantity progress for da Vinci in 2025 as nicely.
Placements of da Vinci additionally elevated by 11% — from 1,526 vs. 1,370 — as compared with 2024. Intuitive mentioned 362 of these placements had been its latest-generation da Vinci 5 system.
Preliminary fourth-quarter 2024 income totaled $2.41 billion, marking a 25% improve in contrast with the identical interval a 12 months in the past. That additionally got here in forward of Wall Avenue expectations of $2.2 billion in gross sales. Intuitive mentioned it expects full-year 2024 revenues to complete $8.35 billion — good for 17% progress in comparison with 2023.
The corporate reported 23% progress in devices and equipment income, because of progress in da Vinci and Ion process quantity.
Intuitive additionally highlighted that 2024 included no noticeable process quantity disruptions on account of COVID-19, an exterior issue that had beforehand affected process volumes since 2020. The corporate reported therapies for a big portion of sufferers within the backlog created by the pandemic as nicely. Due to this fact, it reported an immaterial influence of affected person backlogs to process volumes in 2024.
“We’re happy with buyer adoption of da Vinci 5, Ion, and SP through the quarter and full 12 months,” Intuitive CEO Gary Guthart mentioned. “We stay targeted on delivering the objectives we share with our clients, centered on enhancing affected person outcomes.”
Analysts approve of Intuitive’s preliminary This autumn outcomes
BTIG analysts Ryan Zimmerman and Iseult McMahon maintained a “Purchase” score for Intuitive following the preliminary report.
They famous that da Vinci 5 procedures got here in forward of Wall Avenue expectations, whereas the corporate’s steering fell in step with expectations. Zimmerman and McMahon additionally mentioned they anticipate Intuitive to proceed to lift that vary larger over the course of 2025.
“General, we view outcomes positively,” the analysts wrote. “We predict [da Vinci 5] progress continues to tempo nicely forward of expectations.”
Intuitive Surgical provides executives
At first of this 12 months, Intuitive introduced three new govt management promotions to help its continued progress. Henry Charlton, Gary Loeb, and Jamie Samath all obtained promotions inside the group.
Charlton, a 21-year Intuitive veteran, moved as much as the function of govt vp (EVP) and chief business and advertising officer. Loeb, who joined Intuitive in 2022 as senior vp and basic counsel, shifted to the function of EVP and chief authorized and compliance officer. Whereas Samath took on the place of EVP, chief monetary officer, and enterprise know-how chief.
Editor’s word: This text was syndicated from The Robotic Report sibling website MassDevice.
Register at this time to avoid wasting 40% on convention passes!
