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PROCEPT BioRobotics Corporation, a surgical robotics company, focuses on developing transformative solutions in urology in the United States and internationally. The company develops, manufactures, and sells AquaBeam Robotic System, an image-guided, surgical robotic system for use in minimally invasive urologic surgery focusing on treating benign prostatic hyperplasia. It also provides HYDROS Robotic System, which provides Aquablation therapy image-guided robotic therapy to treat males suffering from lower urinary tract symptoms due to benign prostatic hyperplasia. PROCEPT BioRobotics Corporation was incorporated in 2007 and is headquartered in San Jose, California.
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Procept Biorobotics makes the Aquablation robotic waterjet system for treatment of benign prostatic hyperplasia and sells associated procedure consumables to hospitals and urology practices. Long-term growth may be driven by an aging patient population, wider adoption of minimally invasive prostate therapies, international expansion and improving reimbursement, and investors may view the company as attractive for its differentiated robotics niche and recurring consumable revenue.
Material risks include slower-than-expected clinical adoption, reimbursement shortfalls, competition from established and emerging urology technologies and the potential need for additional capital if operating losses continue.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Income before tax | -87.15M | -59.85M | -53.02M | -41.98M |
| Net income | -93.58M | -62.38M | -58.26M | -42.65M |
| Selling general administrative | 88.83M | 51.04M | 30.27M | 28.52M |
| Gross profit | 37.09M | 15.87M | -1.25M | -1.89M |
| Reconciled depreciation | 2.84M | 3.32M | 2.86M | 1.49M |
| Ebit | -80.72M | -54.16M | -47.80M | -43.55M |
| Ebitda | -78.71M | -54.04M | -44.78M | -40.95M |
| Depreciation and amortization | 2.01M | 0.12M | 3.02M | 2.60M |
| Non operating income net other | - | 0.12M | - | - |
| Operating income | -80.72M | -54.16M | -47.80M | -43.55M |
| Other operating expenses | 155.74M | 88.64M | 55.52M | 49.72M |
| Interest expense | 5.18M | 5.81M | 5.26M | 0.72M |
| Interest income | 2.50M | 0.12M | 0.18M | 1.15M |
| Net interest income | -2.69M | -5.69M | -5.08M | 0.42M |
| Income tax expense | 6.43M | 2.53M | 5.24M | 0.68M |
| Total revenue | 75.01M | 34.47M | 7.72M | 6.17M |
| Total operating expenses | 117.81M | 70.03M | 46.55M | 41.66M |
| Cost of revenue | 37.93M | 18.61M | 8.97M | 8.05M |
| Total other income expense net | -6.43M | -5.69M | -5.22M | 1.57M |
| Net income from continuing ops | -87.15M | -59.85M | -53.02M | -41.98M |
| Net income applicable to common shares | -87.15M | -59.85M | -53.02M | -41.98M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | 534.02M | 404.72M | 309.33M | 337.02M | 125.97M |
| Intangible assets | 0.93M | 1.20M | 1.48M | 1.75M | - |
| Other current assets | 8.45M | 5.21M | 6.17M | 4.24M | 0.73M |
| Total liab | 131.80M | 123.97M | 112.26M | 69.93M | 308.87M |
| Total stockholder equity | 402.22M | 280.75M | 197.07M | 267.09M | -182.89M |
| Deferred long term liab | - | - | - | 1.50M | - |
| Other current liab | 29.56M | 25.09M | 20.91M | 11.08M | 6.79M |
| Common stock | - | - | - | -337.02M | - |
| Capital stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Retained earnings | -545.99M | -454.57M | -348.68M | -261.52M | -201.67M |
| Other liab | - | - | - | 0.20M | 0.20M |
| Other assets | - | 0.00M | 3.09M | 0.78M | 0.78M |
| Cash | 333.73M | 257.22M | 221.86M | 304.32M | 100.13M |
| Total current liabilities | 53.13M | 45.93M | 35.29M | 16.24M | 14.53M |
| Current deferred revenue | 9.56M | 5.66M | 2.85M | 1.02M | 0.23M |
| Net debt | -253.47M | -178.02M | -144.54M | -250.22M | -45.37M |
| Short term debt | 1.91M | 1.68M | 2.13M | 2.10M | 6.26M |
| Short long term debt | - | - | - | - | 4.55M |
| Short long term debt total | 80.25M | 79.20M | 77.32M | 54.10M | 54.76M |
| Other stockholder equity | 948.21M | 735.24M | 545.75M | 191.64M | 18.79M |
| Property plant equipment | - | - | 32.14M | 8.32M | 12.91M |
| Total current assets | 481.84M | 350.57M | 272.63M | 326.17M | 110.26M |
| Net tangible assets | - | - | 195.59M | 265.34M | -184.92M |
| Net receivables | 83.50M | 48.38M | 15.27M | 4.46M | 1.55M |
| Long term debt | 51.47M | 51.34M | 51.21M | 50.00M | 44.41M |
| Inventory | 56.17M | 39.76M | 28.54M | 13.15M | 7.48M |
| Accounts payable | 10.03M | 13.50M | 9.39M | 2.03M | 1.24M |
| Accumulated other comprehensive income | - | 0.08M | -0.01M | -0.05M | -0.01M |
| Retained earnings total equity | - | - | - | -261.52M | - |
| Non currrent assets other | 5.59M | 0.92M | 3.09M | 0.78M | 0.78M |
| Non current assets total | 52.17M | 54.15M | 36.70M | 10.85M | 15.71M |
| Capital lease obligations | 28.78M | 27.86M | 26.10M | 4.10M | 5.80M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Investments | -2.65M | -0.59M | -0.23M | 50.76M |
| Change to liabilities | 5.79M | 6.17M | -0.08M | -0.49M |
| Total cashflows from investing activities | -2.65M | -0.59M | -0.23M | 43.15M |
| Net borrowings | 1.20M | 1.20M | 24.68M | 24.53M |
| Total cash from financing activities | 3.61M | 262.12M | 106.77M | 26.53M |
| Change to operating activities | 8.78M | 2.73M | 3.21M | 1.51M |
| Net income | -87.15M | -59.85M | -53.02M | -41.98M |
| Change in cash | -79.42M | 204.19M | 58.20M | 25.86M |
| Begin period cash flow | 305.10M | 100.91M | 42.71M | 16.85M |
| End period cash flow | 225.67M | 305.10M | 100.91M | 42.71M |
| Total cash from operating activities | -80.38M | -57.33M | -48.34M | -43.82M |
| Issuance of capital stock | 0.00M | 257.07M | 76.49M | 0.00M |
| Depreciation | 2.84M | 3.32M | 2.86M | 1.49M |
| Change to inventory | -15.25M | -6.12M | -3.10M | -5.07M |
| Change to account receivables | -10.81M | -2.91M | -0.51M | 0.52M |
| Sale purchase of stock | 2.41M | 177.41M | - | - |
| Other cashflows from financing activities | 50.20M | 89.75M | -0.23M | 43.15M |
| Change to netincome | 15.42M | 4.45M | 2.30M | 0.20M |
| Capital expenditures | 2.65M | 0.59M | 0.23M | 7.61M |
| Change receivables | - | -2.91M | - | - |
| Cash flows other operating | - | -2.38M | - | - |
| Cash and cash equivalents changes | - | 204.19M | - | - |
| Change in working capital | -11.49M | -4.71M | -0.48M | -3.53M |
| Stock based compensation | 10.34M | 3.80M | 2.17M | 1.99M |
| Other non cash items | 5.08M | -0.34M | -0.10M | -1.80M |
| Free cash flow | -83.03M | -57.93M | -48.58M | -51.43M |
Sector: Healthcare Industry: Medical Devices
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| PRCT Procept Biorobotics Corp |
0.43 1.92% |
22.80 | - | - | 12.90 | 8.26 | 11.96 | -24.58 |
| ABT Abbott Laboratories |
-1.17 1.06% |
109.34 | 25.97 | 17.24 | 3.57 | 3.20 | 3.81 | 16.75 |
| MDT Medtronic PLC |
-1.38 1.34% |
101.42 | 26.60 | 15.87 | 3.35 | 2.08 | 3.90 | 14.12 |
| SYK Stryker Corporation |
-6.18 1.90% |
319.55 | 29.23 | 16.86 | 4.18 | 4.51 | 4.63 | 17.16 |
| SEMHF Siemens Healthineers AG |
-0.98 1.99% |
48.27 | 39.57 | 21.32 | 3.01 | 3.29 | 2.95 | 16.92 |
PROCEPT BioRobotics Corporation, a surgical robotics company, focuses on developing transformative solutions in urology in the United States and internationally. The company develops, manufactures, and sells AquaBeam Robotic System, an image-guided, surgical robotic system for use in minimally invasive urologic surgery focusing on treating benign prostatic hyperplasia. It also provides HYDROS Robotic System, which provides Aquablation therapy image-guided robotic therapy to treat males suffering from lower urinary tract symptoms due to benign prostatic hyperplasia. PROCEPT BioRobotics Corporation was incorporated in 2007 and is headquartered in San Jose, California.
150 Baytech Drive, San Jose, CA, United States, 95134
650 232 7200
756
| Name | Title | Year Born |
|---|---|---|
| Dr. Reza Zadno Ph.D. | Pres, CEO & Director | 1955 |
| Mr. Kevin Waters | Exec. VP & CFO | 1977 |
| Mr. Hisham Shiblaq | Exec. VP & Chief Commercial Officer | 1976 |
| Mr. Mohan F. Sancheti | Sr. VP of Operations | 1964 |
| Ms. Alaleh Nouri | EVP, Chief Legal Officer & Corp. Sec. | 1979 |
| Ms. Minni Vittal | Sr. VP & Chief People Officer | NA |
| Mr. Bijesh Chandran | Sr. VP of Regulatory Affairs & Quality Assurance | NA |
| Mr. Barry Templin | Sr. VP of Clinical & Medical Affairs | NA |
| Dr. Thomas J. Yorkey Ph.D. | Sr. VP of R&D | 1962 |
| Dr. Reza Zadno Ph.D. | President, CEO & Director | 1955 |
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