MAAT INDEX

CLAIM #33063 · Intuitive Surgical Inc (ISRG) · 2022Q4 earnings call · Jan 24, 2023 · due Dec 31, 2023

If I look at R&D and SG&A kind of in aggregate, they're likely to grow at relatively similar rates next year.

Jamie Samath · CFO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

to operating expenses to drive growth in the areas of focus, and we're being focused there. We're looking to execute some opportunities to expand markets by gaining additional clinical indications and geographical clearances. And obviously, we want to advance our technology. Within SG&A, what you see in subsets of the G&A functions is us looking to pursue leverage as we've described. And generally, from an R&D perspective, there are some investments that, as Gary has previously referenced were sequencing, and that's partly motivated by the way in which headcount has expanded over, let's say, the last year or two, and we've moderated our headcount growth as described, and that gives us the opportunity to absorb some of that headcount. So there's differential investment within SG&A and R&D. If I look at R&D and SG&A kind of in aggregate, they're likely to grow at relatively similar rates next year. Robbie Marcus: Great. I appreciate you taking the questions. Operator: Then we'll go to the line of Larry Biegelsen with Wells Fargo. Please, go ahead. Larry Biegelsen: Good afternoon. Thanks for taking the question. One, on your -- Gary, your new system comments and one on the industrial scale comments that you made today at JPMorgan. So you talked about core technology changes often requiring the clinical trials and that you won't launch a multi-port system in 2023. So Gary, my question is A, will you start a clinical trial and a new system in 2023; and B, if you did start a clinical trial, would you disclose that publicly even if the trial were outside the US, say, in a developing market? Gary Guthart: Across our systems, we are doing trials in all sorts of places for all sorts of reas

Verify independently

SEC filings for ISRG · Claim quote is verbatim from the 2022Q4 earnings call.