Intuitive's Q3 report

Intuitive has shown some advancement despite the lasting Coronavirus pandemia. 

  • 195 new systems installed, bringig it a total of 5865 globally
  • 6 new SP systems, with a total of 58 placements now, 8 in Korea and 50 in the U.S.
  • 11 new Ion systems, bringing the installed base to 32

The Company grew its da Vinci Surgical System installed base to 5,865 systems as of September 30, 2020, an increase of 8% compared with 5,406 as of the end of the third quarter of 2019.
Third quarter 2020 revenue of $1,078 million decreased 4% compared with $1,128 million in the third quarter of 2019. Third quarter 2020 revenue included a $23 million decrease in service revenue relating to our previously announced Customer Relief Program.
Third quarter 2020 GAAP net income was $314 million, or $2.60 per diluted share, compared with $397 million, or $3.33 per diluted share, in the third quarter of 2019. Third quarter 2020 GAAP net income included $62 million, or $0.51 per diluted share, of other income related to unrealized gains on strategic investments.
Third quarter 2020 non-GAAP* net income was $334 million, or $2.77 per diluted share, compared with $409 million, or $3.43 per diluted share, in the third quarter of 2019.

 "There are a whole lots of good reasons to move -- for a customer to move into a Generation 4 system, Xi or X, if they are in a Gen 3 or Gen 2 system and S or Si and Extended Use Instruments are just one of the advantages there.. Extended Use Instruments, next-gen imaging, next-gen advanced instruments, next-gen stapling, vessel sealing, those things are great reasons to upgrade from an Si into Gen 4." (Gary Guthart)


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