Sector: Healthcare | Industry: Advanced Medical Equipment & Technology |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 78 Fourth Avenue WALTHAM MA 02451 |
Tel: | N/A |
Website: | https://www.vicarioussurgical.com |
IR: | See website |
Key People | ||
Randy Clark President | Adam Sachs Chief Executive Officer, Director | Bill Kelly Chief Financial Officer, Treasurer |
John Mazzola Chief Operating Officer | Sammy Khalifa Chief Technology Officer, Director | June Morris General Counsel, Secretary, Chief Legal Officer |
Business Overview |
Vicarious Surgical Inc. is a robotics company, developing technology to improve surgical procedures. The Company is combining advanced miniaturized robotics, computer science, sensing and three-dimensional visualization to build a single-port surgical robot, called the Vicarious Surgical System, that helps surgeons to perform minimally invasive surgery. The Vicarious Surgical System is capable of incision sizes of approximately 1.2 centimeters. The Vicarious Surgical System consists of a camera and instrument arms, surgeon console and patient cart. The Vicarious Surgical System has a high-performance stereoscopic camera that, when combined with robotic motion, provides full 360-degree viewing capability and is being developed to continuously map the depth of the abdominal cavity. The Vicarious Surgical System surgeon console is designed to provide all the systems necessary for the surgeon in visualizing the surgical field and controlling all the motions of the robot. |
Financial Overview |
For the three months ended 31 March 2024, Vicarious Surgical Inc revenues was not reported. Net loss decreased 37% to $17M. Lower net loss reflects Change in fair value of warrant liabilit decrease of 69% to $1.9M (expense), Research and devel decrease of 25% to $9.3M (expense), General and admialancin decrease of 41% to $2.9M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.21 to -$0.10. |