intuitive surgical at mid-year

8
3 Things You Need to Know Intuitive Surgical at Mid- Year

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Post on 29-Jan-2015

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Here's where the company's been this year, and where it could be going.

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Page 1: Intuitive Surgical at Mid-Year

3 Things You Need to Know

Intuitive Surgical at Mid-Year

Page 2: Intuitive Surgical at Mid-Year

1) The Company’s Newest Model

Page 3: Intuitive Surgical at Mid-Year

Improved MobilityThe robot’s arms can be

moved to work on different areas of the body, without moving the patient.

This could open the machine up to performing more operations outside of its core of hysterectomies and prostatectomies.

The endoscope is what allows the surgeon operating the Xi to see what is going on.

Improved imaging is always a positive for a medical device company. While not being a game changer, this helps cut down on surgical errors.

What the Xi Offers

New Endoscope

Page 4: Intuitive Surgical at Mid-Year

2) Very Disappointing System Sales

Page 5: Intuitive Surgical at Mid-Year

From 2010 to 2013, the company had grown sales daVinci robots by roughly 35% per year during the first quarter.

This year, due to a combination of questions in the medical community regarding the efficacy of the daVinci, and tighter budgets due to the onset of the Affordable Care Act, sales of new daVinci systems actually fell by an alarming 47%.

System Sales Disappoint

Page 6: Intuitive Surgical at Mid-Year

3) What to Watch: Xi Adoption and General Surgery

Page 7: Intuitive Surgical at Mid-Year

Xi AdoptionDon’t expect

hospitals to all of a sudden loosen the purse strings to buy the Xi.

Any type of stabilization in system sales by the end of the year would be a positive sign.

The Xi model should allow the daVinci to be used outside of its bread-and-butter hysterectomy and prostatectomy procedures.

Pay attention to any growth in operations outside of these two.

What to Watch

General Surgery

Page 8: Intuitive Surgical at Mid-Year

Investors in Intuitive Surgical got a stark reminder last year about why it’s important to diversify one’s holdings.

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