Into Intuitive financials



Q3 results are out, stocks are at their very best (above $430), since there are over 2000 da Vincis world wide! It’s time to take a closer look at Intuitive’s financial situation (which is getting better and better). They have achieved (yet again) around 30% increase in revenues, sales and procedures:
  • 133 da Vincis sold in Q3 (up from 105 a year ago), 29 dual consoles sold along with 98 simulators.
  • 14 classic and 21 da Vinci S systems were upgraded to Si-s
  • total revenue was $447 million, up 30% over Q3 2010
  •  revenue  from instrument and accessoriec: $176 million, up 38% over Q3 2010
  • total recurring revenue (from service fees and so): $248 million, up 34%
  • net income: $122 million, up 41%
  • operating profit of $214 million, up 32% 
  • Intuitive hired 76 people bringing the total team to 1,845 employees
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  • total revenue for the first 9 months of 2011 was $1.26 billion, up 23% from last year
  • procedures grew app. 30% , mostly driven by gynaecology
  • quarter ended with $1.9 billion in cash and investments
Prior studies typically underestimated Intuitive's performance (like this 2008 study from Leeds), yet bidding on it against other med tech companies:



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