earnings
confidence high
sentiment positive
materiality 0.55
Vicarious Surgical Q3 net loss $17.1M; cash $60.9M; on track for system milestone
Vicarious Surgical Inc.
- GAAP net loss of $17.1M ($2.90/share); adjusted net loss $17.0M ($2.87/share), improved from $20.4M loss YoY.
- Operating expenses $17.8M, down 17% YoY; R&D $10.8M, G&A $5.7M, S&M $1.2M.
- Cash and investments $60.9M at Sept 30; Q3 cash burn $12.4M.
- Reaffirms full-year 2024 cash burn guidance of ~$50M.
- CEO expects Version 1.0 system integration milestone within weeks, first clinical patient in less than a year.