Intuitive Surgical Announces Preliminary Fourth Quarter and Full Year 2018 Results
Financial and Operational Highlights
Full year 2018 worldwide da Vinci procedures increased approximately 18% compared with 2017. The annual number of da Vinci procedures performed was in excess of 1 million for the first time in 2018, with more than 6 million procedures having been performed to-date.
Preliminary 2018 revenue of $3.724 billion grew approximately 19% compared with $3.138 billion for 2017.
The Company shipped 926 da Vinci Surgical Systems in 2018, compared with 684 systems in 2017.
In the fourth quarter of 2018, the Company established the Intuitive Foundation whose mission is to reduce the global burden of disease and suffering through research, education, and philanthropy aimed at better outcomes for patients around the globe. The Company contributed $25 million to the Intuitive Foundation during the quarter.
In October 2018, the China National Health Commission announced a new quota to allow the sale of 154 new surgical robots into China through 2020, which includes da Vinci Surgical Systems. In December 2018, the Company also obtained clearance for the da Vinci Xi Surgical System in China.
The Intuitive-Fosun joint venture in China began direct operations for da Vinci products and services in January 2019.
The Company began direct operations for da Vinci products and services in Taiwan in December 2018.
Intuitive Surgical Announces Preliminary Fourth Quarter and Full Year 2018 Results | Intuitive Surgical
