Surgical Robotics Provider PROCEPT BioRobotics' Q3 Earnings Beats Street View, Analyst Optimistic About Upside Potential
PRCT reported Q3 EPS loss of $(0.40), beating expectations. Sales increased 66.3% year-over-year, driven by strong system sales. U.S. handpiece revenue surged 74% year-over-year to $29.6 million. 2024 revenue guidance raised to $222.5-$223 million, above consensus. Analysts predict significant growth potential with only 10% market penetration.
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