PROCEPT BioRobotics Corporation (NASDAQ:PRCT) Q4 2023 Earnings Conference Call February 27, 2024 4:30 PM ET
Company Participants
Matt Bacso - VP, IR and Business Operations
Reza Zadno - President and CEO
Kevin Waters - EVP and CFO
Conference Call Participants
Craig Bijou - Bank of America
Joshua Jennings - TD Cowen
Matthew O'Brien - Piper Sandler
Chris Pasquale - Nephron Research
Brandon Vasquez - William Blair
Nathan Treybeck - Wells Fargo
Mike Kratky - Leerink Partners
Operator
Good day and thank you for standing by. Welcome to the Q4 2023 PROCEPT BioRobotics Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker, Matt Bacso, Vice President of Investor Relations, please go ahead.
Matt Bacso
Good afternoon, and thank you for joining PROCEPT BioRobotics' Fourth Quarter 2023 Earnings Conference Call. Presenting on today's call are Reza Zadno, Chief Executive Officer, and Kevin Waters, Chief Financial Officer. Before we begin, I'd like to remind listeners that statements made on this conference call that relate to future plans, events, or performance are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. While these forward-looking statements are based on management's current expectations and beliefs, these statements are subject to several risks, uncertainties, assumptions, and other factors that could cause results to differ materially from the expectations expressed on this conference call.
These risks and uncertainties are disclosed in more detail in PROCEPT BioRobotics filings with the Securities and Exchange Commission, all of which are available online at www.sec.gov. Listeners are cautioned not to place undue reliance on these forward-looking statements, which speak only as of today's date, February 27, 2024. Except as required by law, PROCEPT BioRobotics undertakes no obligation to update or revise any forward-looking statements to reflect new information, circumstances, unanticipated events that may arise.
During the call, we will also reference certain financial measures that are not prepared in accordance with GAAP. More information about how we use these non-GAAP financial measures, as well as reconciliations of these measures to their nearest GAAP equivalent are included in our earnings release.
With that, I'll turn the call over to Reza.
Reza Zadno
Good afternoon, and thank you for joining us. For today's call, I will provide opening comments and a business update, followed by Kevin who will provide additional detail regarding our financial performance and initial 2024 guidance before opening the call to Q and A. Starting with our quarterly revenue results, we are pleased to report another strong quarter with total revenue for the fourth quarter of 2023 of $43.6 million, representing growth of 83% compared to the fourth quarter of 2022.