secwatch.observer — SEC 8-K summary
======================================

Issuer:     PROCEPT BioRobotics Corp (PRCT)
CIK:        0001588978
Form:       8-K
Filed at:   2024-10-28T23:59:59+00:00
Accession:  0001588978-24-000027
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 $58.4M (+66% YoY); raises 2024 revenue and EBITDA guidance
--------------------------------------------------------------------------------

- Q3 revenue $58.4M, up 66% YoY; U.S. handpiece+consumables $29.6M (+74%).
- Sold 45 U.S. systems at ~$432K ASP; install base reached 445 systems.
- Record gross margin 63.2% vs 53.8% a year ago; net loss improved to $21.0M.
- Adjusted EBITDA loss narrowed to $12.4M from $19.4M in Q3 2023.
- Raised FY2024 revenue guidance to $222.5-223.0M (from $217M); adj. EBITDA loss guidance to ($60.0M) from ($67.5M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1588978/000158897824000027/0001588978-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1588978/000158897824000027/prct-20241028.htm
  HTML page:      https://secwatch.observer/filing/0001588978-24-000027

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