We are developing and deploying technology-enabled ecosystems to support our customers' pursuit of the Quadruple Aim, better outcomes, better patient experiences, better care team experiences, and lower total cost to treat per patient episode. In terms of procedure categories, bariatrics continued the strength that we've seen for some time. During the first half of 2022, the Company saw COVID-19 resurgences impact da Vinci procedure volumes in the U.S. and Europe followed by recoveries. Gotcha. And then on a two-year compounded basis, you're kind of where you thought you might be pre pandemic. Bringing it all together. Taken together, this combination of a recovery in procedures and healthy utilization supports our solid capital placement trends and rounds out a healthy commercial recovery year to date. Plan to attend GIANT 2022. Submit. So here's kind of where we stand with the backlog. 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. For full-year 2021, Intuitive Surgical revenues are estimated to be north of $5.7 billion, reflecting a 30% y-o-y growth, while the growth rate is expected to slow to low teens next year . Phone: 408-523 . From the top, I think you said the right thing, which is there's a little bit of a decoupling thus far of infection from hospitalization. The Zacks . Based in Sunnyvale, California. We've seen a few teams come out and field systems that are alternatives to ours. Our fully integrated advanced instruments portfolio has been a strong addition to our multiport ecosystem, allowing for high-quality tissue interaction controlled from the surgeon's console while optimizing workflow. J.P. Morgan Healthcare Conference 2023 Presentation 4.2 MB. Congrats on the quarter. We will now open the call to your questions. During 2021, COVID-19 resurgences continued to impact da Vinci procedure volumes. 5001-10,000 Employees. While this did not have a material impact to our operating results in Q2, the outlook we are providing does not reflect any potential significant disruption or additional costs related to supply constraints. 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. Over 5 years of experience in working with experienced consultants in the banking and high-tech sectors to drive projects and initiatives in a cross-cultural environment. Ion is Intuitives robotic-assisted platform for minimally invasive biopsy in the lung. 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. Thanks. Good afternoon, and welcome to Intuitive's second-quarter earnings conference call. While there continues to be COVID hotspots within some of our Asia Pacific markets, overall procedures in the region performed well. Gary, a separate topic. These forward-looking statements are necessarily estimates reflecting the judgment of the Companys management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. your options for e-mail notification, please enter your e-mail address below and click The non-GAAP* measures are described below and are reconciled to the corresponding GAAP measures at the end of this release. Intuitive Surgical 10.5. Are you seeing any impact thus far? The Company defines non-GAAP EPS as non-GAAP net income attributable to Intuitive Surgical, Inc. divided by non-GAAP diluted shares, which are calculated as GAAP weighted-average outstanding shares plus dilutive potential shares outstanding during the period. The impact of the COVID-19 pandemic on the Companys business has, and continues to, differ by geography and region. To choose The Company believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning, forecasting, and analyzing future periods. We have continued the launch of our My Intuitive app, including launching to first users in Europe. It's a short period, but we believe that there is elasticity, and we've seen elasticity in markets where reimbursements are very low. Most of our offices globally are reopening with this hybrid approach. *Average returns of all recommendations since inception. 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 December 31, 2021.Reported revenue and procedure results are consistent with the Company's press release issued on January 12, 2022. Looking to our finances in the quarter. 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. And so we watch that number because we know it's highly sensitive. Presentation: Operator. J Global Clinical Engineering, Special Issue 4, 2021 - Proceedings IV ICEHTMC 2021 - ISSN 2578 2762 1 dicembre 2021 . We also find that our economic offerings with da Vinci X and EUP, we have choices that we ourselves can offer our customers. And I think you've alluded to adding additional instruments and accessories, so can you talk on the hardware side as well? I think they are ecosystem enablers and can result in very high customer satisfaction when done well. We believe value creation in surgery and acute care is foundationally human. OK. Well, thank you, and our moderator, that was our last question. Next, we will go to Amit Hazan with Goldman Sachs. Our teams continue to work closely with hospitals, physicians, and care teams in pursuit of what our customers have termed the Quadruple Aim: Better, more predictable patient outcomes, better experiences for patients, better experiences for their care teams, and ultimately, a lower total cost to treat. The Companys calculated non-GAAP effective tax rate is generally higher than its GAAP effective tax rate. Investors are cautioned not to place undue reliance on such forward-looking statements. 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. Is Intuitive Surgical Stock Still Worth Buying Hand Over Fist in 2023? Jamie, anything? However, our expense growth rate was modestly lower than our plan, driven by pandemic-related factors. In the past 60 days, the Zacks Consensus Estimate for its earnings has moved north by 8.4% to $14.72. And I have one follow-up. I just wondered, are you suggesting or should we be thinking that we could be in the front of a new wave of capital acquisition, with again, capital released because of the need to add additional systems to accommodate the expanding number of procedures? Please go ahead. 20, 2021Corporate Participants: Philip Kim Head of Investor Relations. Follow Allison Gatlin on Twitter at @IBD_AGatlin . So I think all of you on the call, you should expect increased alternatives for the customer base. To the extent that hospitalizations expand significantly due to COVID and its variants, like currently being experienced in parts of the world, it could negatively impact da Vinci procedures. All Rights Reserved. They're giving their PowerPoints about what they think is going to happen next and some other things. The trade-in cycle has been a tailwind to system placements. Fourth quarter 2021 GAAP net income attributable to Intuitive Surgical, Inc. included excess tax benefits of $27 million, or $0.07 per share, compared with $21 million, or $0.06 per share, in the fourth quarter of 2020. You've been spending a lot there. Intuitive(Nasdaq: ISRG), headquartered in Sunnyvale, California, is a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery. And recently, we've had a series of very encouraging conversations on the adoption of bariatrics, very encouraging. Intuitive Surgical's adjusted net . On the why side, it's -- bariatrics has been a little different than other procedure for us. any time, re-enter your e-mail address and click Submit, then adjust your form entries. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. From a market perspective, about 60%-ish or so are sleeves, about 15% are revisions. OK. And then just one quick follow-up. Last quarter, we forecast 2021 procedure growth of 22% to 26%. In addition to that, we still think this is a great opportunity to continue to invest in the ecosystem of products and capabilities at this point in time before competition really gets any kind of toehold. Intuitive (Nasdaq: ISRG), headquartered in Sunnyvale, California, is a global leader in minimally invasive care and the pioneer of robotic surgery. The Motley Fool owns shares of and recommends Intuitive Surgical. In the U.S., procedures that are dependent on diagnostic pipelines also grew, albeit at lower rates as compared to benign procedures. Some of them are fully included because we feel like they make us more efficient and to make them more efficient. Da Vinci systems offer surgeons high-definition 3D vision, a magnified view, and robotic and computer assistance. I know last quarter, you kind of brought up the concept of going after thoracic and some additional other areas. In Q2, U.S. procedures grew 77% year over year, which equates to 16% on a two-year compound annual growth rate basis. During the second half of 2022, the Company saw COVID-19 resurgences impact da Vinci procedure volumes in China. There are several models of the da Vinci Surgical System. Tuesday, October 18, 2022 4:30 PM EDT . Ion system placements and procedures are excluded from our overall system and procedure counts. And there's a lot of opportunities for OR efficiencies and standardization, controlling operating costs, controlling consumables costs. The Company defines non-GAAP income from operations as income from operations, excluding intangible asset charges, certain acquisition-related items for the re-measurement of contingent consideration, SBC and long-term incentive plan expenses, and litigation charges and recoveries. Leasing as a percentage of total sales lag has and will continue to fluctuate with customer and geographic mix. It's physically demanding. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. And regarding the backlog, how do you know there was catch-up and why won't that continue for the next few quarters? It's a highly penetrated laparoscopic indication in the United States. 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. Intuitive advances minimally invasive care by innovating at the point of possibility. Please go ahead, sir. The higherfourth quarter revenue was driven by growth in da Vinci procedure volume, partially offset by a decline in system placements and foreign currency impacts. Or is it too early, and you're just saying that might happen in the future? INTUITIVE at 43rd Annual Goldman Sachs Global Healthcare Conference. As customers continue to upgrade to fourth-generation capabilities, the population of installed SIs is decreasing, particularly in the U.S. were 110 trade-ins were completed in the second quarter, leaving an installed base of SIs of approximately 500 systems.

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