CLAIM #33064 · Intuitive Surgical Inc (ISRG) · 2022Q4 earnings call · Jan 24, 2023 · due Dec 31, 2023
“We continue to add capabilities into Gen 4. We expect to do so this year as well.”
Gary Guthart · CEO
In context
“s that run at scale and that's an advantage both for us and for our customers. So, the return calculations are relatively straightforward and they're essentially the incremental gross margin dollars we can drive from growth. Larry Biegelsen: All right. Thank you very much. Gary Guthart: Thanks Larry. Operator: Next we'll go to line of Travis Steed with Bank of America. Please go ahead. Travis Steed: Hi, thanks for taking the question. Just curious, Gary, I mean, you mentioned no new multi-port platform in 2023, but curious how you're thinking about upgrades to Gen 4, but that's mostly just around the software upgrades you mentioned, or if we could see something more material with capability upgrades on hardware, imaging or things that bring the customer procedure down? Gary Guthart: Yeah. We continue to add capabilities into Gen 4. We expect to do so this year as well. Some of it will be in advanced instrumentation. We are doing some nice work in our energy systems on the -- both on the hardware side and some of the software side, and we think there's some capability improvements that we're going to be developing over time around core imaging capability in Gen 4. So we continue to make progress. Travis Steed: Okay. But not saying if anything to come to 2023 or not on that front? And then while I have you, just any early comments on the capital funnel in 2023. I think last year, kind of, January, February time frame is when customers are evaluating budget. So I just want to make sure things seem fairly stable with the capital funnel? Jamie Samath: On the capital funnel side, what I'd say is, given the macro inputs from customers are our sense is that the”
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SEC filings for ISRG ↗ · Claim quote is verbatim from the 2022Q4 earnings call.