CLAIM #32921 · Intuitive Surgical Inc (ISRG) · 2021Q4 earnings call · Jan 20, 2022 · due Dec 31, 2026
“Over time, we plan for total Ion program profitability to approach that of our corporate average as we execute against our volume, design and process improvement goals.”
Jamie Samath · CFO
How to check this claim
Look at: Ion program gross/operating profitability margin relative to corporate average gross/operating margin
It came true if: Ion program profitability margin within roughly 5 percentage points of corporate average margin (i.e., 'approaching' rather than materially below)
Where: management commentary on earnings calls / company segment disclosures (10-K, investor presentations)
In context
“ation 4 robotics architecture, we will continue to innovate on this platform, bringing additional value to those customers who have standardized on Generation 4 fleets. We are also investing in new core capabilities for our multiport systems, both Generation 4 and beyond that we'll describe as they get closer to market. You should expect continued innovation from us here. Turning to Ion. Our first indication addresses a large unmet need in lung cancer biopsy and our focus is fully enabling our production capability and customer ecosystem for this indication. There is strong demand for lung biopsy, and we are working to expand manufacturing capacity of all processes for greater quality and lower costs at scale and run trials and address regulatory requirements that enable global expansion. Over time, we plan for total Ion program profitability to approach that of our corporate average as we execute against our volume, design and process improvement goals. We are pursuing additional applications for Ion, and we'll describe them as we get closer to market. For our single-port system, da Vinci SP has the opportunity to change the standard of care in 2 different types of soft tissue surgery: those that require the extraction of tissue that can be done through a small single port and those procedures that benefit from narrow entry into the body as a whole. Where Ion, at its current stage of launch, has a single indication that represents a large patient population, SP's opportunity is the aggregation of several midsized indications. For example, SP used in Transoral Robotic Surgery is growing steadily in the U.S. To broaden SP's applicability in the U.S. and other markets, we are undertaking clinical trials to support regulatory review. We beli”
Verify independently
SEC filings for ISRG ↗ · Claim quote is verbatim from the 2021Q4 earnings call.