Friday, October 28, 2005

Surgical Robot Revenues Rocket

Intuitive Surgical 3rd-qtr profit more than triples

Intuitive Surgical Inc. (ISRG.O), which makes robotic surgical systems, on Tuesday reported quarterly profit more than tripled, sending its shares up 26 percent afterhours.

Net income for the third quarter was $20.7 million, or 55 cents per diluted share, compared with $6.1 million, or 17 cents per diluted share, a year ago.

Total sales rose to $60.9 million from $35.5 million in the third quarter of 2004, driven by shipments of the company's da Vinci Surgical Systems and continued recurring revenue growth, Intuitive said.

Intuitive sold 30 da Vinci systems during the quarter, compared to 18 a year ago. The system consists of a 3-D vision system and a control console for the surgeon, and three or four robotic arms which perform the surgery according to the surgeon's movements on the console.

It is the only maker of such systems.

Intuitive Surgical Press Release

Surgical Robots Raise Legal Issues


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