intuitive surgical investor presentation 2021

Lockdowns decrease patient mobility and willingness to go get their tests and then hospitalization diminishes ICU capacity. 2021 Intuitive Surgical Inc - - USD 2020 Intuitive Surgical Inc . Intuitive Surgical Stock Looks Attractive After Its Recent Fall - Forbes We also expect spending to increase as a percentage of revenue as investments in headcount, infrastructure, and other support areas catch up to the growth in the business. INTUITIVE SURGICAL, INC.UNAUDITED QUARTERLY CONDENSED CONSOLIDATED STATEMENTS OF INCOME(IN MILLIONS, EXCEPT PER SHARE DATA), INTUITIVE SURGICAL, INC.UNAUDITED TWELVE MONTHS ENDED CONDENSED CONSOLIDATED STATEMENTS OF INCOME(IN MILLIONS, EXCEPT PER SHARE DATA), INTUITIVE SURGICAL, INC.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(IN MILLIONS), INTUITIVE SURGICAL, INC.UNAUDITED RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES(IN MILLIONS, EXCEPT PER SHARE DATA), Contact: Investor Relations(408) 523-2161. We're OK. We're not frightened of that. Newsroom | Intuitive | Robotic Surgery Company - Intuitive Surgical What To Expect From Intuitive Surgical's Q3? | Nasdaq Intuitive Surgical, Inc. (ISRG) Q1 Earnings and Revenues Beat Estimates It's a highly penetrated laparoscopic indication in the United States. Tycho Peterson -- JPMorgan Chase & Co. -- Analyst. Bringing it all together. Intuitive Surgical (ISRG) Q2 2021 Earnings Call Transcript And I kind of articulated what those were, travel and so forth. The split must be approved by the shareholders but this is merely a formality. So here's kind of where we stand with the backlog. In terms of our underlying numbers, we're growing at a little faster rate in the revision section, sleeves and bypass grow about the same rate. That said, other teams are out. An investor who was able to pick up $1,000 worth of Intuitive Surgical shares at its IPO price and held on has seen that investment grow to a whopping . The compound annual revenue growth rate between the second quarters of 2019 and 2021 was 15%. Submit. May 2021 - Present 1 year 10 months. Jamie Samath -- Senior Vice President of Finance. Second-quarter system placements of 328 systems increased 84%, compared with 178 systems for the second quarter of 2020, and increased 10%, compared with 298 systems last quarter. Second-quarter 2021 procedures increased approximately 68% compared with the second quarter of 2020 and increased approximately 13% compared with last quarter. You've got COVID. We're doing that as a combination of My Intuitive plus some of the simulation work that we do, plus some of the machine learning and video analysis work that we do. Our flexible robotics program, first targeted toward diagnostic bronchoscopy, has had a strong quarter. These forward-looking statements should, therefore, be considered in light of various important factors, including, but not limited to, the following: the risk that the COVID-19 pandemic could lead to further material delays and cancellations of, or reduced demand for, procedures; curtailed or delayed capital spending by hospitals; disruption to our supply chain, including increased difficulties in obtaining a sufficient amount of materials in the semiconductor and other markets; closures of our facilities; delays in surgeon training; delays in gathering clinical evidence; delays in obtaining new product approvals or clearances from the U.S. Food and Drug Administration (FDA) due to the effects of the COVID-19 pandemic; the evaluation of the risks of robotic-assisted surgery in the presence of infectious diseases; diversion of management and other resources to respond to the COVID-19 outbreaks; the impact of global and regional economic and credit market conditions on healthcare spending; the risk that the COVID-19 pandemic continues to disrupt local economies and causes economies in our key markets to enter prolonged recessions; the risk of our inability to comply with complex FDA and other regulations, which may result in significant enforcement actions; healthcare reform legislation in the U.S. and its impact on hospital spending, reimbursement and fees levied on certain medical device revenues; changes in hospital admissions and actions by payers to limit or manage surgical procedures; the timing and success of product development and market acceptance of developed products; the results of any collaborations, in-licensing arrangements, joint ventures, strategic alliances, or partnerships, including our joint venture with Shanghai Fosun Pharmaceutical (Group) Co., Ltd.; our completion of and ability to successfully integrate acquisitions, including Orpheus Medical; procedures counts; regulatory approvals, clearances, and restrictions or any dispute that may occur with any regulatory body; guidelines and recommendations in the healthcare and patient communities; intellectual property positions and litigation; competition in the medical device industry and in the specific markets in which we operate; risks associated with our operations outside of the U.S.; unanticipated manufacturing disruptions or the inability to meet demand for products; our reliance on sole and single source suppliers; the results of legal proceedings to which we are or may become a party; product liability and other litigation claims; adverse publicity regarding us and the safety of our products and adequacy of training; our ability to expand into foreign markets; the impact of changes to tax legislation, guidance, and interpretations; changes in tariffs, trade barriers, and regulatory requirements; and other risk factors. In the quarter, we continued to engage customers in data analytics and opportunity analysis for surgical programs, cornerstone of our Your Data, Your Truth analytics efforts. Intuitive(Nasdaq: ISRG), headquartered in Sunnyvale, California, is a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery. Jamie Samath Senior Vice President of Finance I'll speak to my impression, but I caveat it, it's one person's impression. How are you thinking about competition? *Stock Advisor returns as of June 7, 2021. Intuitive Surgical (ISRG 0.58%) Q3 2021 Earnings Call Oct 19, 2021, 4:30 p.m. Copyright 2023 Intuitive Surgical. And at this time, I would like to turn the conference over to our host, senior director of finance, investor relations for Intuitive, Mr. Calvin Darling. In the U.S., procedures that are dependent on diagnostic pipelines also grew, albeit at lower rates as compared to benign procedures. Intuitive brings more than two decades of leadership in robotic-assisted surgical technology and solutions to its offerings and develops, manufactures, and markets the da Vinci Surgical System and the Ion endoluminal system. China procedure growth remains strong and broad-based as a result of continued expansion of the installed base under the current quota. I think what we're seeing is that the longer diagnostic pipelines have had this kind of double effect from the pandemic. Submit. Ion is Intuitives robotic-assisted platform for minimally invasive biopsy in the lung. In other words, happy, very satisfied customers. Next, we will go to Amit Hazan with Goldman Sachs. Intuitive Surgical (ISRG) Posts Robust Preliminary Q4 Results It links into some of the other things you're talking about. Foreign currency fluctuations had a 3% unfavorable impact on fourth quarter 2022 revenue. These system-controlled staplers, vessel sealers, and energy instruments support a range of procedures from bariatrics to colorectal procedures, to thoracic and gynecologic applications. We also -- the business came back faster than we had anticipated. Yes, Tycho. We expect spending on activities restricted by COVID to increase as the impacts of the pandemic decline. Forward-looking statements relate to expectations concerning matters that are not historical facts. Product and brand names/logos are trademarks or registered trademarks of Intuitive Surgical or their respective owner. Before we begin, I would like to inform you that comments mentioned on today's call may be deemed to contain forward-looking statements. The company strives to make surgery more effective, less invasive and easier on surgeons, patients and their families. Learn More, Intuitive Surgical(ISRG 2.61%)Q22021 Earnings CallJul 20, 2021, 4:30 p.m. Ion system placements and procedures are excluded from our overall system and procedure counts. The Company defines non-GAAP net income as net income attributable to Intuitive Surgical, Inc., excluding amortization of intangible assets, SBC and long-term incentive plan expenses, litigation charges and recoveries, a gain on the sale of a business, gains (losses) on strategic investments, adjustments attributable to noncontrolling interest in joint venture, net of the related tax effects, and tax adjustments, including the excess tax benefits or deficiencies associated with SBC arrangements and the net tax effects related to intra-entity transfers of non-inventory assets. And so we watch that number because we know it's highly sensitive. Tuesday, October 18, 2022 4:30 PM EDT . EMCOR Group, Inc. (NYSE:EME) Q4 2022 Earnings Call Transcript Intuitive Surgical Stock Nears $1,000 As The Covid Recovery Continues 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. Preliminary full year 2021 systems revenue increased by 44% to approximately $1.69 billion, compared with $1.18 billion in 2020. The Company shipped 385 da Vinci Surgical Systems, an increase of 18% compared with 326 in the fourth quarter of 2020. Intuitive Surgical Stock Appears To Be A Better Bet Over This - Forbes That's great. I don't know how much of an update you can give us, but just something on what's happening at that level in terms of software tools and services? 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 is this simply and primarily just something about the pandemic accelerating the use of da Vinci and robotics surgery broadly? 07/21/22 - 1:30 PM PDT. But once you develop a really capable ecosystem, then it has a lot of platform use, and that investment can be recovered over time. Presentation: Operator. Gary S. Guthart Chief Executive Officer, Member of the Board of Directors. Thank you. Intuitive | ISRG Investor events & presentations I think our customers will take their time to evaluate new things as they go. To make the world smarter, happier, and richer. On the why side, it's -- bariatrics has been a little different than other procedure for us. 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. Total second-quarter revenue was $1.464 billion, representing a 72% increase from last year and a 13% increase from last quarter. Yes. These forward-looking statements include, but are not limited to, statements related to the expected impacts of the COVID-19 pandemic on the Companys business, financial condition, and results of operations, future results of operations, future financial position, the Companys financing plans and future capital requirements, the Companys potential tax assets or liabilities, and statements based on current expectations, estimates, forecasts, and projections about the economies and markets in which the Company operates and the Companys beliefs and assumptions regarding these economies and markets. In addition, COVID delayed some R&D work, resulting in underspend on prototypes. SBC expense has been, and will continue to be for the foreseeable future, a significant recurring expense in the Companys business. Management addresses these limitations by providing specific information regarding the GAAP amounts excluded from non-GAAP net income attributable to Intuitive Surgical, Inc. and non-GAAP EPS and evaluating non-GAAP net income attributable to Intuitive Surgical, Inc. and non-GAAP EPS together with net income attributable to Intuitive Surgical, Inc. and net income per share attributable to Intuitive Surgical, Inc. calculated in accordance with GAAP. ISRG stock analysts called for adjusted profit of $13.40 per share and $5.33 billion in sales. The Company presents constant currency revenue to provide a framework for assessing how our underlying business performed excluding the effect of foreign currency fluctuations. 3 Reasons to Buy Intuitive Surgical, and 1 Reason to Sell We look forward to talking with you again in three months. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Listen to Webcast. In terms of penetration or adoption, we're in the early to mid-innings kind of range is what I'd say in the U.S. market. Fourth quarter 2022 GAAP income from operations also included litigation charges of $21million. These awards were modified in the fourth quarter of 2021 and are now valued based on certain key performance metrics. So right now, we talked in the script about adding our work or IDE around colorectal, we're excited about that. SBC expense has been, and will continue to be for the foreseeable future, a significant recurring expense in the Companys business. 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. We kind of outlined what was assumed in the high end of the procedure guidance. The Companys calculated non-GAAP effective tax rate is generally higher than its GAAP effective tax rate. The tax effects of the non-GAAP items are determined by applying a calculated non-GAAP effective tax rate, which is commonly referred to as the with-and-without method. Fourth quarter 2021 GAAP income from operations increased to $450million, compared with $416million in the fourth quarter of 2020. I hear your question is asking us how much is left, how much of the catch-up is left. Procedure growth drives capital purchases in many of our markets. Finally, we are strengthening our digital capabilities across our ecosystem. Today's format will consist of providing you with highlights of our second-quarter results as described in our press release announced earlier today followed by a question-and-answer session. In the United States, procedure growth was strong in the quarter, driven by growth in bariatric surgery, hernia repair, and cholecystectomy. User Experience for digital health innovations:<br>I work with startups and corporations and design user-centered products, services, and digital business models. It is in fact a physically taxing procedure, as Gary described. 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. And as competition progresses in various markets, we will likely experience longer selling cycles and price pressures. To change your e-mail options at Surgical Technologist - Full Time Faculty & Clinical Coordinator

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