NASDAQ$PRCT

PROCEPT BioRobotics Corporation · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported third quarter results with revenue increase driven by system sales to new and existing hospital customers.

PROCEPT BioRobotics reported strong third-quarter results, with total revenue reaching $8.7 million, a significant increase from $2.1 million in the prior year period. The company's U.S. system revenue was $5.0 million, compared to $0.6 million in the prior year period. The company issued 2021 total revenue guidance range of $33.0 to $33.3 million.

  • Total revenue for Q3 2021 was $8.7 million, compared to $2.1 million in the prior year period.
  • U.S. system revenue for Q3 2021 was $5.0 million, compared to $0.6 million in the prior year period.
  • U.S. handpiece revenue for Q3 2021 was $2.2 million, compared to $0.5 million in the prior year period.
  • International revenue for Q3 2021 was $1.3 million, compared to $1.0 million in the prior year period.

Headline financials

Total Revenue

$8.67M

Previous: $4.5M+92.8%
EPS (adj)

-$1.22

Previous: -$53.87+97.7%
Gross Margin

48.9%

Previous: -1.0%+4990.0%
U.S. Install Base

75

No prior period
Capital Expenditures

-$260K

Previous: $224K-216.1%
Free Cash Flow

-$14.4M

Previous: -$35.1M+59.1%
Net Income

-$14.1M

Previous: -$12M-17.4%
Operating Income

-$12.8M

Previous: -$11M-16.6%
Gross Profit

$4.24M

Previous: -$31K+13777.4%
Cash & Equivalents

$320M

Previous: $113M+182.7%
Total Assets

$351M

No prior period
Stock-Based Comp

$925K

Previous: $1.57M-41.0%

Revenue & EPS history

PROCEPT BioRobotics · Revenue · Quarterly

$8.67M

Q3 2021+92.8%vs Q3 2020
Beat estimate in 6 of 10 quarters(60%)
ActualEstimate

Revenue by segment

PROCEPT BioRobotics · $8.37M total across 4 segments · Q3 2021

  • U.S. System Sales
    $5.04M+679.9%
  • U.S. Consumables
    $2.18M+384.3%
  • Intl. Consumables
    $666K+11.7%
  • Intl. System Sales
    $481K+30.4%

Forward guidance

The Company expects full year 2021 revenue to be in the range of $33.0 to $33.3 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+1.3%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+0.6%

Avg return

30 days after

45%

10 / 22 earnings

Positive

+40.6%

Q3 2024

Best reaction

-15.2%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+10.7%+16.0%+21.3%
Q4 2025-15.2%-5.7%-5.3%
Q3 2025+1.6%-7.5%+2.7%
Q1 2025-5.6%+1.1%+3.0%
Q4 2024+8.6%-3.4%-4.2%
Q3 2024+40.6%+34.2%+41.5%
Q2 2024-9.4%-4.3%+24.8%
Q1 2024+16.5%+15.9%+25.3%
Q4 2023+1.1%+0.5%+1.2%
Q3 2023+21.7%+22.5%+39.5%
Q2 2023-6.7%-10.3%-18.4%
Q1 2023-15.0%-20.1%-10.9%
Q4 2022+1.2%-4.3%-28.7%
Q3 2022-9.9%-8.4%+5.8%
Q2 2022+4.3%+4.3%+0.2%
Q1 2022-5.1%-17.9%+19.5%
Q4 2021+1.2%+5.9%+38.7%
Q3 2020-2.2%-4.5%-28.0%
Q4 2020-2.2%-4.5%-28.0%
Q2 2021-2.2%-4.5%-28.0%
Q1 2021-2.2%-4.5%-28.0%
Q3 2021-4.4%-3.9%-29.6%
Q2 2020
Q1 2020

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