Number of the day - 20
Intuitive announced 2022 3rd quarter earnings and key figures - seeing 20% growth YoY.
- "Worldwide da Vinci procedures grew approximately 20% compared with the third quarter of 2021. The third quarter of 2021 reflected disruption caused by the COVID-19 pandemic, which impacted our procedures. The compound annual growth rate between the third quarter of 2019 and the third quarter of 2022 was approximately 16%.
- The Company placed 305 da Vinci Surgical Systems, a decrease of 9% compared with 336 in the third quarter of 2021.
- The Company grew its da Vinci Surgical System installed base to 7,364 systems as of September 30, 2022, an increase of 13% compared with 6,525 as of the end of the third quarter of 2021.
- Third quarter 2022 revenue of $1.56 billion increased 11% compared with $1.40 billion in the third quarter of 2021.
- Third quarter 2022 GAAP net income attributable to Intuitive was $324 million, or $0.90 per diluted share, compared with $381 million, or $1.04 per diluted share, in the third quarter of 2021.
- Third quarter 2022 non-GAAP* net income attributable to Intuitive was $429 million, or $1.19 per diluted share, compared with $435 million, or $1.19 per diluted share, in the third quarter of 2021.
- The Company repurchased $1 billion of common stock in the third quarter of 2022.
- In September 2022, Japan’s Ministry of Health, Labour and Welfare cleared the da Vinci SP Surgical System for use in general surgeries, thoracic surgeries (excluding cardiac procedures and intercostal approaches), urologic surgeries, gynecological surgeries, and trans-oral head and neck surgeries."
Source: Intuitive
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