Da Vinci techniques supply surgeons high-definition 3D imaginative and prescient, a magnified view, and robotic and laptop help. | Supply: Intuitive Surgical
Intuitive Surgical Operations Inc. this week introduced preliminary fourth-quarter outcomes that spotlight important da Vinci surgical robotic process development.
Shares of the Sunnyvale, Calif.–primarily based firm rose almost 5% to $565 apiece in early morning buying and selling on Jan. 15 following the discharge of the preliminary outcomes.
Intuitive Surgical reported 17% development in worldwide da Vinci procedures in 2024. For the fourth quarter, that development totaled 18%. The surgical robotics chief stated it anticipates 13% to 16% process quantity development for da Vinci in 2025 as nicely.
Placements of da Vinci additionally elevated by 11% — from 1,526 vs. 1,370 — compared with 2024. Intuitive stated 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 Road expectations of $2.2 billion in gross sales. Intuitive stated it expects full-year 2024 revenues to complete $8.35 billion — good for 17% development in comparison with 2023.
The corporate reported 23% development in devices and equipment income, because of development 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 remedies for a big portion of sufferers within the backlog created by the pandemic as nicely. Subsequently, it reported an immaterial impression of affected person backlogs to process volumes in 2024.
“We’re happy with buyer adoption of da Vinci 5, Ion, and SP throughout the quarter and full 12 months,” Intuitive CEO Gary Guthart stated. “We stay centered on delivering the targets we share with our clients, centered on enhancing affected person outcomes.”
Analysts approve of Intuitive’s preliminary This fall outcomes
BTIG analysts Ryan Zimmerman and Iseult McMahon maintained a “Purchase” ranking for Intuitive following the preliminary report.
They famous that da Vinci 5 procedures got here in forward of Wall Road expectations, whereas the corporate’s steerage fell in keeping with expectations. Zimmerman and McMahon additionally stated they anticipate Intuitive to proceed to boost that vary greater over the course of 2025.
“Total, we view outcomes positively,” the analysts wrote. “We predict [da Vinci 5] development continues to tempo nicely forward of expectations.”
Intuitive Surgical provides executives
Initially of this 12 months, Intuitive introduced three new govt management promotions to help its continued development. Henry Charlton, Gary Loeb, and Jamie Samath all acquired promotions inside the group.
Charlton, a 21-year Intuitive veteran, moved as much as the position of govt vice chairman (EVP) and chief industrial and advertising officer. Loeb, who joined Intuitive in 2022 as senior vice chairman and normal counsel, shifted to the position 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 observe: This text was syndicated from The Robotic Report sibling website MassDevice.
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