PROCEPT BioRobotics Corporation, a surgical robotics company, develops transformative solutions in urology. It develops, manufactures, and sells AquaBeam Robotic System, an image-guided, surgical robotic system for use in minimally-invasive urologic surgery with a focus on treating benign prostatic hyperplasia (BPH). The company also designs Aquablation therapy for males suffering from lower urinary tract symptoms due to BPH. As of December 31, 2021, it had an install base of 130 AquaBeam Robotic Systems worldwide comprising 78 in the United States. PROCEPT BioRobotics Corporation was incorporated in 2007 and is headquartered in Redwood City, California.

PROCEPT BioRobotics Corporation

PROCEPT BioRobotics develops and manufactures the AquaBeam Robotic System for aquablation therapy, a treatment for benign prostatic hyperplasia (BPH).

PROCEPT BioRobotics

PROCEPT BioRobotics is a commercial-stage surgical robotics company focused on advancing patient care by developing transformative solutions in urology. We develop, manufacture and sell the AQUABEAM Robotic System, an advanced, image-guided, surgical robotic system for use in minimally-invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia, or BPH. Our proprietary AQUABEAM Robotic System delivers Aquablation therapy, which combines real-time, multidimensional imaging, personalized treatment planning, automated robotics and heat-free waterjet ablation for targeted and rapid removal of prostate tissue. Aquablation therapy delivers effective, safe and durable outcomes for males suffering from lower urinary tract symptoms, or LUTS, due to BPH that are independent of prostate size and shape or surgeon experience.

Armentum Partners

CIBC Innovation Banking

Novo Holdings

Perceptive Advisors

Viking Global Investors

CPMG

T. Rowe Price

Duquesne Family Office

Fidelity

Fidelity Management and Research Company

Say hello to Barry Templin, a rockstar on our executive leadership team! With over 20 years of experience in clinical research, engineering, and market development, Barry’s expertise is transforming patient care.

From leading the game-changing PROSPECT study at Abbott Vascular to driving innovation at CardioKinetix, Barry’s journey has been nothing short of impressive. He started in engineering at GE Aircraft Engines and Guidant, and then transitioned to key clinical roles at Guidant and Abbott.

Barry holds a BS in Mechanical Engineering from Rose-Hulman Institute of Technology, and an MBA from Duke. 

We’re lucky to have Barry’s talent and passion fueling our mission to innovate and improve lives.

#Leadership #MedicalDevices

When Ed began experiencing #BPH symptoms, he was told, "Welcome to the club," but had no desire to be a part of it. 

Thanks to #Aquablation therapy, he experienced immediate and lasting symptom relief. https://bit.ly/3tFJM6X

Not all patients will experience the same results

Aquablation therapy now has 5-year results from two pivotal studies that demonstrate the reproducibility of Aquablation therapy to deliver significant symptom relief while preserving sexual function no matter the size of the patient’s prostate,” said Sham Shiblaq, EVP and Chief Commercial Officer of PROCEPT BioRobotics.
These impressive results are further validated by the growing number of hospitals and surgeons adopting Aquablation as their new standard of care for BPH treatment. Discover the advantages of #AquablationTherapy for managing #BPH patients. Explore the Five-Year data from the WATER II study: https://lnkd.in/dFBwzBfJ
#ClinicalStudy #BPHTreatment

Ever wondered why your fellow urologists are raving about Aquablation therapy? 
Catch Episode 103 of the Prostate Health Podcast! Dr. Jennifer E. Lloyd-Harris dives deep into why she chose to adopt this groundbreaking robotic waterjet technology in her practice. 
Discover what makes Aquablation therapy a game-changer for BPH treatment and why you should consider offering it to your patients.
#ProstateHealthPodcast #AquablationTherapy 
https://bit.ly/4cCXzN0

Ever wondered what’s going on with your plumbing? A normal prostate lets urine flow smoothly, but an enlarged prostate can turn that into a tricky business. 
Think of benign prostatic hyperplasia (BPH) as a friendly but overgrown neighbor—it’s not cancer, but it can cause some serious blockages! Left unchecked, it might lead to bladder or kidney issues.
#ProstateHealth #BPH

	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	6.17M -	7.72M 25.09%	34.47M 346.72%	75.01M 117.60%	136.19M 81.55%
cost of revenue	8.05M -	8.97M 11.40%	18.61M 107.40%	37.93M 103.83%	65.14M 71.75%
gross profit	-1.89M -	-1.25M 33.42%	15.87M 1,364.14%	37.09M 133.75%	71.05M 91.58%
selling and marketing expenses
general and administrative expenses
selling general and administrative expenses	28.52M -	30.27M 6.15%	51.04M 68.59%	88.83M 74.05%	131.77M 48.35%
research and development expenses	13.15M -	16.27M 23.79%	18.99M 16.70%	28.98M 52.59%	48.45M 67.16%
other expenses	-46K -	-25K 45.65%	-154K 516%	-203K 31.82%	-176K 13.30%
cost and expenses	49.72M -	55.52M 11.67%	88.64M 59.65%	155.74M 75.70%	245.36M 57.55%
operating expenses	41.66M -	46.55M 11.72%	70.03M 50.45%	117.81M 68.23%	180.22M 52.98%
interest expense	724K -	5.26M 626.66%	5.81M 10.44%	5.18M 10.79%	4.00M 22.92%
ebitda	-40.95M -	-44.78M 9.35%	-54.04M 20.68%	-78.71M 45.65%	-105.36M 33.86%
operating income	-43.55M -	-47.80M 9.76%	-54.16M 13.31%	-80.72M 49.04%	-109.17M 35.24%
depreciation and amortization	2.60M -	3.02M 16.25%	121K 95.99%	2.01M 1,561.98%	3.81M 89.31%
total other income expenses net	1.57M -	-5.22M 431.24%	-5.69M 9.05%	-6.43M 13.03%	3.27M 150.90%
income before tax	-41.98M -	-53.02M 26.31%	-59.85M 12.89%	-87.15M 45.61%	-105.90M 21.51%
income tax expense	678K -	5.24M 672.27%	2.53M 51.66%	6.43M 154.05%
net income	-42.65M -	-58.26M 36.58%	-62.38M 7.09%	-93.58M 50.01%	-105.90M 13.16%
weighted average shs out	33.59M -	35.14M 4.62%	16.48M 53.10%	44.40M 169.42%	47.26M 6.43%
weighted average shs out dil	33.59M -	35.14M 4.62%	16.48M 53.10%	44.40M 169.42%	47.26M 6.43%
eps	-1.27 -	-1.66 30.71%	-3.79 128.31%	-2.11 44.33%	-2.24 6.16%
epsdiluted	-1.27 -	-1.66 30.71%	-3.79 128.31%	-2.11 44.33%	-2.24 6.16%

COM:PROCEPT-BIOROBOTICS

PROCEPT BioRobotics

Last Close

94.45

22/11 21:00

Market Cap

3.35B

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361.21K

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