Vicarious Surgical posts Q4 adj. loss $19.9M; FY 2022 cash burn $67M; guides FY 2023 burn $55-65M

Vicarious Surgical Inc.

2022-FY EPS reported $0.04

Q4 2022 adjusted net loss $19.9M ($0.16 loss per share) vs $17.8M ($0.15 loss) in Q4 2021.
Full-year 2022 GAAP net income $5.2M ($0.04/share) due to non-cash items; adjusted net loss $78.8M ($0.65 loss per share).
Cash and equivalents $116.2M at Dec. 31, 2022; full-year 2022 cash burn $67.3M, in line with target.
Fiscal 2023 cash burn guided $55-65M, reflecting cost-reduction initiatives to extend runway to ~2 years.
R&D expenses rose to $43.9M in 2022 from $22.1M in 2021; Beta 2 surgical robot design completed.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vicarious Surgical Inc. reported the fourth quarter and year ended December 31, 2022 results: net income GAAP net loss for the fourth quarter was $11.2 million, equating to a net loss per share of $0.09, EPS a net loss per share of $0.09.

Period: the fourth quarter and year ended December 31, 2022
Net income: GAAP net loss for the fourth quarter was $11.2 million, equating to a net loss per share of $0.09
EPS: a net loss per share of $0.09
Result: reported results

Exact text from the filing

GAAP net loss for the fourth quarter was $11.2 million, equating to a net loss per share of $0.09, as compared to a GAAP net income of $21.8 million or a net income per share of $0.18 for the same period of the prior year.

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Source: SEC EDGAR

accession 0001213900-23-010963

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