secwatch.observer — SEC 8-K summary
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Issuer:     PROCEPT BioRobotics Corp (PRCT)
CIK:        0001588978
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001588978-23-000008
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PROCEPT BioRobotics Q4 revenue up 135% YoY to $23.8M; guides 2023 revenue ~$125M
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- Q4 2022 revenue $23.8M (+135% YoY); full year revenue $75.0M (+118% YoY).
- U.S. handpiece/consumables revenue $10.4M (+202% YoY); system install base 167.
- Net loss Q4 $28.2M vs $18.3M prior year; full year net loss $87.2M.
- 2023 guidance: revenue ~$125M (67% growth), gross margin ~53%, operating expense ~$163M.
- Inventory write-offs of $0.7M in Q4 due to manufacturing yield issue, resolved in Q1 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1588978/000158897823000008/0001588978-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1588978/000158897823000008/prct-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001588978-23-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer