intuitive surgical investor presentation 2021

We think we stand up pretty well to those comparisons, and we're ready to help them pursue their aims as the year proceeds. Current page 1; Page 2; Page 3; . Fourth quarter 2021 non-GAAP* income from operations increased to $588 million, compared with $535 million in the fourth quarter of 2020. 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. Our pro forma effective tax rate for the second quarter was approximately 25%. It's a short period, but we believe that there is elasticity, and we've seen elasticity in markets where reimbursements are very low. Keep up-to-date with changes . These forward-looking statements include, but are not limited to, statements related to the expected impacts of the COVID-19 pandemic on our business, financial condition, and results of operations, the potential impact on our procedure volume, our expected business, procedures, and procedure adoption, future results of operations, future financial position, our ability to increase our revenues, the anticipated mix of our revenues between product and service revenues, our financing plans and future capital requirements, anticipated costs of revenue, anticipated expenses, our potential tax assets or liabilities, our investments, anticipated cash flows, our ability to finance operations from cash flows and similar matters, and statements based on current expectations, estimates, forecasts, and projections about the economies and markets in which we operate and our beliefs and assumptions regarding those economies and markets. COVID had a significant impact on da Vinci procedure volumes in the second quarter of 2020. And U.S. general surgery, in particular, performed well. Key business metrics for the second quarter were as follows. The Company ended the fourth quarter of 2022 with $6.74 billion in cash, cash equivalents, and investments, a decrease of $651 . In the quarter, we completed a number of placements with larger IDNs that prefer to purchase rather than lease product. To change your e-mail options at The adjustments between pro forma and GAAP net income are outlined and quantified on our website. ET. An accomplished communicator seeking opportunities in Ottawa, with a proven ability to multitask under high-pressure situations to meet deadlines. 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. *Stock Advisor returns as of June 7, 2021. You're developing, trying to increase efficiency, decrease costs, that kind of thing. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. We heard your comments, but just kind of thinking a little bit longer-term than just the next couple of quarters. So it's hard to time it out, and it doesn't time out over one or two quarters, it times out over years. Accordingly, they are subject to significant volatility based on the performance of these metrics and are not tied to performance of the Companys business within the period. Investors have assigned a high trading . Intuitive has managed multiple ways of working for many years. Jan 2023 - Present3 months. 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. Marshall will take you through our financial picture later in the call. Frankly, the lack of precision in that estimate is such that it's probably not useful for us to share. What's left to do from maybe a product or procedure or instrument point of view? And finally, expanding our clinical, economic, and analytical evidence base for key procedures and countries. So we're making those investments to move that forward. 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. The Company uses these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. In the U.S., procedures that are dependent on diagnostic pipelines also grew, albeit at lower rates as compared to benign procedures. Next, we'll go to Bob Hopkins with Bank of America. Statements using words such as estimates, projects, believes, anticipates, plans, expects, intends, may, will, could, should, would, targeted, and similar words and expressions are intended to identify forward-looking statements. Building a great robot is a hard first step. There were nearly 1,500 Ion procedures completed in the second quarter. 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. Can you maybe just talk a little bit about the road map? We work closely and collaboratively . Fourth quarter 2022 as reported revenue increased 7%compared to thefourth quarter of 2021. The results of the meta-analysis found that robotic-assisted thoracic surgery compared to VATs was associated with, among others, the following significant findings: 50.4 milliliters lower blood loss, a 50% lower chance of conversion to an open procedure, a 1.1 day shorter stay in the hospital and a 10% less chance of patient experience to postoperative complication. With regard to income tax, we expect the range of our second-half 2021 pro forma tax rate to be between 21% and 22% of pre-tax income, slightly higher than the range we provided on the last call, reflecting a higher mix of U.S. income. Our overall second-quarter procedure growth was 68%, compared to a decline of 19% during the second quarter of 2020, which reflected a significant adverse impact from the COVID-19 pandemic. 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. I hear your question is asking us how much is left, how much of the catch-up is left. ET. as can be seen with the more than 29,000 peer-reviewed scientific articles that reference Intuitive technologies. And Jamie, as to kind of where we are. The Company undertakes no obligation to publicly update or release any revisions to these forward-looking statements, except as required by law. Yes. Q4 2022 INTUITIVE Earnings Conference Call, INTUITIVE at J.P. Morgan Healthcare Conference, Q3 2022 INTUITIVE Earnings Conference Call, INTUITIVE at 2022 Wells Fargo Healthcare Conference, Q2 2022 INTUITIVE Earnings Conference Call, INTUITIVE at 43rd Annual Goldman Sachs Global Healthcare Conference, INTUITIVE at BofA Securities 2022 Healthcare Conference, Q1 2022 INTUITIVE Earnings Conference Call. Yes, Tycho. SUNNYVALE, Calif., Jan. 20, 2022 (GLOBE NEWSWIRE) -- Intuitive (the Company) (Nasdaq: ISRG), a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery, today announced financial results for the quarter ended December31, 2021. Women Techmakers Ambassador is responsible for driving diversity and inclusion through organizing local events within the tech community. In this Backstage Pass video, which aired Sept. 29, Motley Fool contributor Brian Withers shares his thoughts on Intuitive Surgical, highlighting the metrics investors need to watch when the . Thoracic Surgery Market was valued at USD 3.1 Billion in 2021, and it is expected to reach a CAGR of 7.18 % . Doctors talking to us about further expansion of utilization. We will now open the call to your questions. (USD millions), considering 2021 as the base year . Non-GAAP net income attributable to Intuitive Surgical, Inc. and EPS. Contact Information. Transitory was out a few years ago and CMR has been out and now Medtronic. As I conclude, for the balance of the year, we're focused on the following: first, agile and flexible support for our customers globally as they need it, often addressing the return of surgical patients to treatment. Intuitive Announces Fourth Quarter Earnings, Intuitive Announces Preliminary Fourth Quarter and Full Year 2022 Results, Intuitive becomes largest robotic-assisted surgery provider to be accredited by the Royal College of Surgeons of England, Q4 2022 INTUITIVE Earnings Conference Call, INTUITIVE at J.P. Morgan Healthcare Conference, J.P. Morgan Healthcare Conference 2023 Presentation, Q3 2022 INTUITIVE Earnings Conference Call. From a market perspective, about 60%-ish or so are sleeves, about 15% are revisions. 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. [Operator Instructions] As a reminder, today's call is being recorded. But once you develop a really capable ecosystem, then it has a lot of platform use, and that investment can be recovered over time. These non-GAAP financial measures also facilitate managements internal comparisons to its historical performance. Our total Ion clinical experience is approximately 4,000 cases to date. We think about digital as enabling and accelerating a lot of different parts of the ecosystem. During the quarter, a group from the Shenzhen Hospital Naval Medical University in China, published a meta-analysis in BMC cancer comparing robotic-assisted thoracic surgery versus video-assisted thoracic surgery, or VATs, for lung lobectomy or segmentectomy in patients with nonsmall cell lung cancer. User Experience for digital health innovations:<br>I work with startups and corporations and design user-centered products, services, and digital business models. For more information, please visit the Companys website at www.intuitive.com. We expanded our installed base of da Vinci Systems over the last year by 10% to approximately 6,335 systems. Additional supplemental financial and procedure information has been posted to the Investor Relations section of the Intuitive website at https://isrg.gcs-web.com/. The instrumentation updates, there are other things, imaging updates and software updates that are really all focused around right instruments, right features for the right extension or right expansion. . And finally, we will host a question-and-answer session. So right now, we talked in the script about adding our work or IDE around colorectal, we're excited about that. Submit. What we've seen, though, is that what happens in the PowerPoints and what happens a year later is different. The next page will display a menu of options. So short answer there is just kind of a reminder of what we're trying to do. Q2 2022 INTUITIVE Earnings Conference Call. Intuitive Surgical, Inc. engages in the development, manufacture, and marketing of da Vinci Surgical Systems, and related instruments and accessories for . All Rights Reserved. - building a financial model and investor presentation for fundraising . Fourth quarter 2022 non-GAAP* income from operations decreased to $530 million, compared with $583 million in the fourth quarter of 2021. These programs together trained over 2,200 care team members in the quarter, showing organizational strength and localizing programs, and responding with agility to pandemic-influenced demand. 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 . And so we're going to continue to invest. Non-GAAP income from operations. 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. All of that, to me, indicates that the business feels in balance. 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. 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. It last split in October of 2017. And those two things come together, they also allow hospitals to start to address the backlog that's accumulated. Actual results may differ materially from those expressed or implied as a result of certain risks and uncertainties. Field and marketing costs will tick up if the pandemic wanes. Excellent communication and presentation skills. The second reason to invest in Intuitive Surgical is its incredible profitability. Intuitive Announces Preliminary Fourth Quarter and Full Year 2021 Results. We continue to see significant utilization variance by region due to pandemic differences. The Board of Directors of Intuitive Surgical approved a 3:1 stock split on August 5th, 2021. The year-over-year increase in I&A revenue per procedure reflects increased usage of our advanced instruments, partially offset by the impact of extended use instruments. 07/21/22 - 1:30 PM PDT. SP procedures grew 133% year over year, with much of that growth coming from the United States. It flows from respect for and understanding of patients and care teams, their needs, and their environment. Starting with procedures. Hong Kong. Now, I'd turn the conference over to our host, Brian King, Head of Investor Relations for Intuitive Surgical. 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.

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