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Thursday, April 27, 2023

Procept ups 2023 Revenue Guidance

 PROCEPT® BioRobotics Corporation (Nasdaq: PRCT) (the “Company”), a surgical robotics company focused on advancing patient care by developing transformative solutions in urology, today reported unaudited financial results for the quarter ended March 31, 2023.

Recent Highlights

  • Total revenue of $24.4 million for the first quarter of 2023, an increase of 72% compared to the prior year period in 2022

  • U.S. handpiece and consumables revenue of $11.8 million for the first quarter of 2023, an increase of 165% compared to the prior year period in 2022

  • U.S. system and rental revenue of $8.8 million for the first quarter of 2023, an increase of 13% compared to the prior year period in 2022

  • Increased fiscal year 2023 total revenue guidance to $128.0 million

  • Received positive coverage policy decision from United Healthcare, effective June 1, 2023

  • Signed national sales contract with largest U.S. IDN on April 1, 2023

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