Metier Executives’ Post

Global Developments in PROCEPT BioRobotics: Q3 2024 Financial Results PROCEPT BioRobotics continued its strong performance in the third quarter of 2024, reflecting a clear focus on innovation and global expansion in urological care. The Q3 earnings noted a better than expected performance in EPS and Gross Margin which indicates the company could be FCF (Free Cash Flow) earlier than expected. Q3 Earnings Key Highlights: > Total revenue of $58.4 million, marking a 66% year-over-year growth. > Sold 52 robotic systems in the U.S. during the quarter. > 80% of the systems sold in the US were the new HYDROS AI Robotic System > International revenue contributed significantly, reflecting growing demand > Revised full-year 2024 guidance to $222.5-$223.0 million, an upward revision driven by increasing market adoption and strong execution. 🌍 International Growth: PROCEPT’s global reach continues to expand, with increasing traction across key international markets, bolstering revenue growth. 📈 Financial Strength: The company’s substantial revenue increase and raised guidance indicate a clear path towards solidifying its position in the urology robotics market. We are continuing to support Procept's Commercial, Clinical and Marketing team recruitment across International reach out to Metier Executives for more information. #roboticsurgery #medtech

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