secwatch.observer — SEC 8-K summary
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Issuer:     PROCEPT BioRobotics Corp (PRCT)
CIK:        0001588978
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001628280-22-012651
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PROCEPT BioRobotics Q1 revenue $14.2M (+97% YoY); raises FY2022 revenue guidance to $58-62M
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- Q1 total revenue $14.2M, +97% YoY; U.S. system revenue $7.8M (+70%), handpiece & consumables $4.4M (+174%).
- Net loss widened to $17.2M from $12.8M; operating expenses $23.4M, up from $14.9M.
- Raised FY2022 revenue guidance to $58-62M (prior $54-58M); reaffirms Adjusted EBITDA loss of ($63)-($60)M.
- Install base of Aquabeam Robotic Systems in U.S. grew to 93 systems; received regulatory approvals in Korea and Japan.
- Gross margin improved to 54% from 49%; cash & short-term investments $284.3M, long-term debt $50.0M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1588978/000162828022012651/0001628280-22-012651-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1588978/000162828022012651/prct-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-012651

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