intuitive surgical investor presentation 2021experian data analyst intern

To change your e-mail options at Gary will present the quarter's business and operational highlights. My Intuitive allows surgeons and care team members to access their data, to manage their profile, their learning, and otherwise interact with Intuitive through an easy-to-use mobile app in the palm of their hand. Our installed base of SP Systems is now 79: eight in Korea and 71 in the U.S. We completed first cases associated with a U.S. colorectal clinical trial in the second quarter. Marshall will take you through our financial picture later in the call. With an initial focus on BPH, the company's AquaBeam Robotic System delivering Aquablation therapy, is the first FDA-cleared, automated surgical robot for the treatment of lower urinary tract symptoms (LUTS) due to benign prostatic hyperplasia (BPH). Again, if you look across that two-year period, try to look through the pandemic kind of ups and downs, what we're seeing is that procedure demand is there. Add to that, the uncertainty of wave 4, possibility of wave 4 makes it tough to put a number on, Larry. Current quarter system placements included 63 into Europe, 16 into Japan, and 19 into China, compared with 18 into Europe, 18 into Japan, and 21 into China in the second quarter of 2020. INTUITIVE at 2022 Wells Fargo Healthcare Conference. Our SEC filings can be found through our website or at the SEC's website. It's not just the robot. To change your e-mail options at In Europe, the impact of COVID in the second quarter of 2021 varied regionally with slower recovery in Italy and France, while we saw early stages of a recovery in the U.K. Minimum 15 minutes delayed. Annualized U.S. procedure growth rates are returning to historical levels for procedures with longer diagnostic pipelines as patients have started returning to screening and diagnostic testing. The Zacks . Fourth-quarter revenue was in line with Intuitive Surgical's positive preannouncement earlier this month. Ladies and gentlemen, thank you for standing by, and welcome to the Intuitive Q2 2021 earnings conference call. All Rights Reserved. You may automatically receive Intuitive Surgical financial information by e-mail. Outside the U.S., we placed 115 systems in the second quarter, compared with 72 in the second quarter of 2020 and 108 systems last quarter. Our actual tax rate will fluctuate with changes in the geographic mix of income, changes in taxation made by local authorities, and with the impact of one-time items. The painful part is the investment troughs are deep in the early and middle years of those product cycles. We could see one large competitor approved in the second half of this year. I will describe the highlights of our performance on a non-GAAP or pro forma basis. Non-GAAP gross profit. The next page will display a menu of options. . An accomplished communicator seeking opportunities in Ottawa, with a proven ability to multitask under high-pressure situations to meet deadlines. The authors concluded in part, "When compared to open, the robotic-assisted surgery group is associated with a comparable operative time, shorter length of stay and lower reoperation rate through 30 days. The charge associated with the deferred-tax asset and a higher mix of U.S. income drove the 25% current quarter pro forma rate. Instruments and accessories, training programs, support staff, analytics capability, publication, scientific publications demonstrating what you've done, the analytics, and evidence-based build are all, I think, important. So short answer there is just kind of a reminder of what we're trying to do. This press release contains forward-looking statements. Can you maybe just talk a little bit about the road map? We expect spending on activities restricted by COVID to increase as the impacts of the pandemic decline. Listen to Webcast. We are building tools and capabilities that allow hospital departments and departments of surgery to manage their program and look across programmatics for efficiency, for learning, for outcomes, and these things interlink. To understand our system placement and capital performance over this period, we look to annual system utilization trends, which have recovered to utilization rates at the high end of our historical averages. Supporting investors, corporations, start-ups, and academic research labs. Tuesday, October 18, 2022 4:30 PM EDT . After all, the newsletter theyhave run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. Visit www.intuitive.com/en-us/products-and-services/ion. Is Intuitive Surgical Stock Still Worth Buying Hand Over Fist in 2023? In other words, happy, very satisfied customers. Intuitive Surgical (ISRG-0.90%) investors who weren't expecting it to perform a three-for-one stock split recently woke up to what looked like an overnight loss of more than 60%. Yes. And basically, still underpenetrated, big opportunity. Gotcha. First quarter 2022 non-GAAP* net income attributable to Intuitive Surgical, Inc. was $413 million, or $1.13 per diluted share, compared with $427 million, or $1.17 per diluted share, in the first quarter of 2021. Copyright 2023 Intuitive Surgical. Intuitive 360 is an annual conference for executive, clinical, and operational leadership focusing on robotic service line development and the surgical care team. Or is it too early, and you're just saying that might happen in the future? Thanks. I've had the privilege of seeing Intuitive develop the use of robotics in multiple clinical indications over the years. Invest better with The Motley Fool. Just in 2021 there were more than . We think we stand up pretty well to those comparisons, and we're ready to help them pursue their aims as the year proceeds. The compounded annual utilization growth rate between the second quarters of 2019 and 2021 was 6%. Constant currency revenue growth. While there continues to be COVID hotspots within some of our Asia Pacific markets, overall procedures in the region performed well. For important safety information, indications for use, risks, full cautions, and warnings, please refer to www.intuitive.com/safety. [Inaudible] on a nice quarter. It also reflects lower diagnostic pipelines and perhaps some reluctance for patients to visit hospitals. INTUITIVE at 43rd Annual Goldman Sachs Global Healthcare Conference. I will now turn to our financial outlook for 2021. Mark the "Pitching to Investors Programme" on the 7th December 2022 in your calendar! And sequential growth in what they can do with the system remains our focus on SP for now. Submit. Intuitive Announces Fourth Quarter Earnings, www.intuitive.com/en-us/products-and-services/ion, Less: net income (loss) attributable to noncontrolling interest in joint venture. And then given that it's cancer procedure, in some cases, it's a little bit longer follow-up. Later we will have a question-and-answer session. Our technologies include the da Vinci surgical system and the Ion endoluminal system. Please go ahead. Keep up-to-date with changes . So be curious to hear from you on any procedure trends through the quarter in the U.S. and international. Intuitive Surgical Investor Relations. Bob Hopkins -- Bank of America Merrill Lynch -- Analyst. Our focus is in clinical capability and productivity of the installed base we have. Both gynecology and urology procedure annualized growth strengthened in the quarter, as pandemic pressures eased in the U.S. J.P. Morgan Healthcare Conference 2023 Presentation 4.2 MB. We're clearly seeing that in markets like India, Taiwan, there's been an impact in terms of how they've handled that from a healthcare system perspective and the resulting impact on our procedures. In reporting the results, adjusted using a propensity weighted approach, the authors noted that during the two- to four-week standard of care visit period, fewer patients report the need to take prescription pain medication for the robotic cohort as compared to the laparoscopic and open cohorts: 65.2% for the robotic cohort as compared to 78.8% for the laparoscopic cohort, compared to 79.8% for the open cohort. The Company defines non-GAAP gross profit as gross profit, excluding amortization of intangible assets and SBC and long-term incentive plan expenses. That says that we're not putting out more capital than folks need, even though it's been healthy capital quarters, it means our customers are getting good benefit out of what they're using those systems for. Last quarter, we forecast 2021 procedure growth of 22% to 26%. Investor's Business Daily . Non-GAAP income from operations. Sales increased 17% to $1.55 billion, just ahead of ISRG stock analysts' projections for . That concludes our prepared comments. These awards were modified in the fourth quarter of 2021 and are now valued based on certain key performance metrics. And Jamie, as to kind of where we are. Our rollout of Ion will continue to be measured while we optimize training pathways in our supply chain. Medistim ASA schlgt ordentliche Dividende fr 2021 vor, zahlbar am 9. To choose Intuitive Surgical, Inc. (NASDAQ:NASDAQ:ISRG) JPMorgan 40th Annual Healthcare Conference January 12, 2022 3:45 PM ETCompany ParticipantsGary Guthart - CEOJamie Samath - CFOBrian King -. . The increase in cash in the second quarter primarily reflected cash from operations and stock exercises. Driven by steady sales of da Vinci and increasing surgical procedures, Intuitive Surgical recorded $5.71 billion in revenue for 2021, up 82% over the past five years despite COVID-19 slowdowns. You go from an issue to identification to closure more quickly. Our pro forma effective tax rate for the second quarter was approximately 25%. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release and which are based on current expectations and are subject to risks, uncertainties, and assumptions that are difficult to predict, including those risk factors identified under the heading Risk Factors in the Companys Annual Report on Form 10-K for the year ended December31, 2021, and the Companys Quarterly report on Form 10-Q for the quarter ended September 30, 2022, as updated by the Companys other filings with the Securities and Exchange Commission. Forward-looking statements relate to expectations concerning matters that are not historical facts. Good afternoon. BSD Medical Corporation Medtronic Ethicon Endo-Surgery Olympus Corporation Siemens Healthcare Intuitive Surgical . . The compound annual growth rate between the fourth quarter of 2019 and the fourth quarter of 2021 was 6%. All Rights Reserved. Da Vinci systems offer surgeons high-definition 3D vision, a magnified view, and robotic and computer assistance. I'll maybe start with Marshall on the first one and then go to Gary for the second one. For nearly three decades we've created products and services born of inspiration and intelligencefrom robotic-assisted surgical systems to data generation that unlocks the potential to benefit care systems worldwide. Procedures recovered nicely in Q2. As part of our mission, we believe that minimally invasive care is life-enhancing care. Intuitive Surgical (ticker: ISRG ) reported an adjusted fourth-quarter profit of $1.30 a share, beating forecasts for $1.28 a share, on sales of $1.55 billion, which topped expectations for $1.52 . The compound annual growth rate between the fourth quarter of 2019 and the fourth quarter of 2021 was 10%. The decrease relative to these prior periods reflects geographic mix and volume discounts provided to customers purchasing multiple systems. The Motley Fool has a disclosure policy. We think we can bring some outstanding imaging capabilities, including florescence imaging into that space. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. In May of this year, Dr. Karl LeBlanc from our Lady of the Lake Medical Center in Baton Rouge, Louisiana, published results from a multi-center study comparing short-term outcomes for incisional hernia, published in the Hernia Journal entitled Robotic-Assisted Laparoscopic and Open Incisional Hernia Repair: Early Outcomes from the Prospective Hernia study. Fourth quarter 2021 GAAP income from operations increased to $450million, compared with $416million in the fourth quarter of 2020. So it takes a while. I think that's anecdotal. Our focus right now is not rapid expansion of the installed base. COVID had a significant impact on da Vinci procedure volumes in the second quarter of 2020. In the quarter, strong trade-ins of older-generation systems for our fourth-generation products and strength in multi-system deals continue to support our thesis that customers that know us best continue to invest with us going forward. Finally, we are strengthening our digital capabilities across our ecosystem. any time, re-enter your e-mail address and click Submit, then adjust your form entries. It affirms that "RAS devices have been cleared for use in certain types of surgical procedures commonly performed in patients with cancer, such as hysterectomy, prostatectomy and colectomy. We expect our pro forma rate for the last six months of 2021 to be between 21% and 22% versus our previous guidance of 20% to 21%, reflecting a greater proportion of U.S. income for the year. They use specialized instrumentation, including a miniaturized surgical camera and wristed instruments (i.e., scissors, scalpels, and forceps) that are designed to help with precise dissection and reconstruction deep inside the body. your options for e-mail notification, please enter your e-mail address below and click INTUITIVE SURGICAL, INC.-13.55%: 80 376: BOSTON SCIENTIFIC CORPORATION: 1.19%: 67 033: SIEMENS . Additional supplemental financial and procedure information has been posted to the Investor Relations section of the Intuitive website at https://isrg.gcs-web.com/. Second-quarter revenue reflected growth in both procedures and system placements. 10/08/22 - 11:00 AM EDT. Next, we're going to the line of Rick Wise with Stifel. So I'd encourage those folks on the call, it's likely to be a comparison of ecosystems in delivering the Quad Aim over time. 2021 Intuitive Surgical Inc - - USD 2020 Intuitive Surgical Inc . Cost basis and return based on previous market day close. Fourth quarter 2022 as reported revenue increased 7%compared to thefourth quarter of 2021. The meta-analysis combined 18 studies across different countries containing over 11,000 patients, of which just over 5,000 received da Vinci robotic-assisted thoracic surgery and just over 6,000 received VATs. But as you heard in our prepared comments, a significant increase in hospitalization is not reflected in the guidance range. Looking at the past eight quarters in context, our compound annual growth rate for procedures for the period Q2 2019 through Q2 2021 of 16.5% is approximately the growth we would have expected absent the pandemic. Fourth quarter 2021 GAAP net income attributable to Intuitive Surgical, Inc. included excess tax benefits of $27 million, or $0.07 per share, compared with $21 million, or $0.06 per share, in the fourth quarter of 2020. ISRG stock analysts called for adjusted profit of $13.40 per share and $5.33 billion in sales. Intuitive Surgical, Inc.Which belongs to the Zacks Medical - Instruments industry, posted revenues of $1.29 billion for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 16. . However, to gain a more complete understanding of the body of evidence, we encourage all stakeholders to thoroughly review the extensive detail of scientific studies that have been published over the years. Listen to Webcast. See www.intuitive.com/trademarks. I'll caution that what the next couple of quarters or next four quarters looks like in terms of hospital access to capital and their decision-making, capital is always lumpy. Third, driving depth and excellence in regional performance, particularly in Europe and Asia. We anticipate iterating our approach as we learn and the year progresses. Growth in our second largest market, China, continued to be strong with multiple specialties contributing. In addition, the components of the costs that the Company excludes in its calculation of non-GAAP net income attributable to Intuitive Surgical, Inc. and non-GAAP EPS may differ from the components that its peer companies exclude when they report their results of operations. It's taking getting the advanced instruments, put them together as a set, getting our workflows and our clinical pathways right, and I think that's been powerful to date. To choose They're calling on customers. The system features an ultra-thin, ultra-maneuverable catheter that allows navigation far into the peripheral lung and provides the unprecedented stability necessary for precision in biopsy. PROCEPT BioRobotics is a surgical robotics company enabling better patient care by developing transformative solutions in urology. The increase in instruments and accessories revenue was primarily driven by approximately 18% growth in da Vinci procedure volume, partially offset by customer buying patterns and foreign currency impacts. Or any color you can provide on that? That will play out over the next several quarters as we accrue patients. The Company undertakes no obligation to publicly update or release any revisions to these forward-looking statements, except as required by law.

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