secwatch.observer — SEC 8-K summary
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Issuer:     PROCEPT BioRobotics Corp (PRCT)
CIK:        0001588978
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001588978-22-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PROCEPT BioRobotics Q3 revenue $20.3M (+135% YoY), raises 2022 guidance to ~$72.5M
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- Total revenue $20.3M, +135% YoY; US system rev $9.8M (+95%), handpiece $8.0M (+267%).
- Net loss $22.6M vs $14.1M prior year; Adjusted EBITDA loss $18.3M.
- FY2022 revenue guidance raised to ~$72.5M (110% growth) from $66-68M; gross margin 50-51%.
- New $52M five-year loan on Oct 10 retired $50M facility; reduces annual interest ~$2.8M.
- Multi-system national contract with Providence for AquaBeam Robotic Systems announced Sept 19.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1588978/000158897822000003/0001588978-22-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1588978/000158897822000003/prct-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001588978-22-000003

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