Vicarious Surgical Q4 2023 GAAP net loss $13.1M; 2024 cash burn guided ~$50M

Vicarious Surgical Inc.

Q4 2023 GAAP net loss $13.1M ($0.06/sh); adjusted net loss $14.6M ($0.07/sh), improving from $19.9M ($0.16/sh) in Q4 2022.
Full year 2023 GAAP net loss $71.1M ($0.49/sh); adj net loss $76.3M ($0.52/sh); cash burn $63.4M met objective.
Cash and investments $98.2M at year-end; 2024 cash burn guidance narrowed to ~$50M.
Signed fourth major hospital partnership with Intermountain Health; total partner hospitals exceed 250.
V1.0 system on track for spring cadaveric testing; integration expected fall 2024; appointed Randy Clark President.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Vicarious Surgical Inc. reported fourth quarter and full year ended December 31, 2023 results: net income GAAP net loss for the fourth quarter was $13.1 million, equating to a net loss per share of $0.06, as compared to a GAAP, EPS GAAP net loss for the fourth quarter was $13.1 million, equating to a net loss per share of $0.06, as compared to a GAAP. Guidance reaffirmed.

Period: fourth quarter and full year ended December 31, 2023
Net income: GAAP net loss for the fourth quarter was $13.1 million, equating to a net loss per share of $0.06, as compared to a GAAP
EPS: GAAP net loss for the fourth quarter was $13.1 million, equating to a net loss per share of $0.06, as compared to a GAAP
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On March 4, 2024, Vicarious Surgical Inc. (the “Company”) issued a press release announcing its results for the fourth quarter and full year ended December 31, 2023 and providing a business update.

View on SEC.gov

316 earnings releases filed in the last 30 days. Browse all earnings releases →

Vicarious Surgical Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-019553

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.