SUNNYVALE, Calif., Jan. 23, 2020 (GLOBE NEWSWIRE) -- Intuitive (the “Company”) (Nasdaq: ISRG), a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery, today announced financial results for the quarter ended December 31, 2019. Reported revenue and procedure results are consistent with the Company’s press release on January 9, 2020.
Q4 Highlights
Worldwide da Vinci procedures grew approximately 19% compared with the fourth quarter of 2018, driven primarily by growth in U.S. general surgery procedures and worldwide urologic procedures.
The Company shipped 336 da Vinci Surgical Systems, an increase of 16% compared with 290 in the fourth quarter of 2018.
The Company grew its da Vinci Surgical System installed base to 5,582 systems as of December 31, 2019, an increase of 12% compared with 4,986 as of the end of the fourth quarter of 2018.
Fourth quarter 2019 revenue of $1.28 billion grew 22% compared with $1.05 billion in the fourth quarter of 2018.
Fourth quarter 2019 GAAP net income was $358 million, or $2.99 per diluted share, compared with $293 million, or $2.45 per diluted share, in the fourth quarter of 2018.
Fourth quarter 2019 non-GAAP* net income was $417 million, or $3.48 per diluted share, compared with $353 million, or $2.96 per diluted share, in the fourth quarter of 2018.
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