Intuitive Surgical Files 8-K on Financial Condition
Ticker: ISRG · Form: 8-K · Filed: Jan 9, 2024 · CIK: 1035267
Complexity: simple
Sentiment: neutral
Topics: financial-condition, results-of-operations, 8-K
TL;DR
**ISRG just dropped an 8-K on its financials, get ready for potential market moves.**
AI Summary
Intuitive Surgical, Inc. filed an 8-K on January 9, 2024, to report on its results of operations and financial condition. This filing, under SEC File Number 000-30713, indicates that the company is providing an update on its financial performance. For investors, this matters because it signals that new financial information is being disclosed, which could impact the stock's valuation and future outlook, especially for a company with a fiscal year ending December 31.
Why It Matters
This filing signals that Intuitive Surgical is releasing new financial information, which could influence investor sentiment and the stock price.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial information, not an event that inherently carries high risk.
Analyst Insight
A smart investor would look for the actual financial statements and results that this 8-K refers to, as this filing merely announces the disclosure of such information, not the details themselves.
Key Numbers
- $0.001 — par value per share (par value of Common Stock)
Key Players & Entities
- INTUITIVE SURGICAL INC (company) — the registrant filing the 8-K
- January 9, 2024 (date) — date of earliest event reported
- 000-30713 (dollar_amount) — Commission File Number
- Delaware (company) — state of incorporation for Intuitive Surgical, Inc.
- 1020 Kifer Road Sunnyvale, California 94086 (company) — address of principal executive offices
- 408-523-2100 (dollar_amount) — registrant's telephone number
- ISRG (company) — trading symbol for Common Stock
- The Nasdaq Global Select Market (company) — exchange where Common Stock is registered
FAQ
What is the purpose of this 8-K filing by Intuitive Surgical, Inc.?
This 8-K filing by Intuitive Surgical, Inc. is to report on 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' as of January 9, 2024, as indicated by the 'ITEM INFORMATION' sections.
What is the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 9, 2024, as stated under 'Date of Report (Date of earliest event reported): January 9, 2024'.
Where is Intuitive Surgical, Inc. incorporated and what is its business address?
Intuitive Surgical, Inc. is incorporated in Delaware, and its principal executive offices are located at 1020 Kifer Road, Sunnyvale, California 94086.
What is the trading symbol and the exchange where Intuitive Surgical, Inc.'s Common Stock is registered?
The trading symbol for Intuitive Surgical, Inc.'s Common Stock is ISRG, and it is registered on The Nasdaq Global Select Market.
Is Intuitive Surgical, Inc. classified as an emerging growth company according to this filing?
No, the filing indicates with a '☐' (unchecked box) next to 'Emerging growth company' that Intuitive Surgical, Inc. is not an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Filing Stats: 549 words · 2 min read · ~2 pages · Grade level 9.8 · Accepted 2024-01-09 16:03:40
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share ISRG The Nasdaq Global Select
Filing Documents
- isrg-20240109.htm (8-K) — 40KB
- q423ex-991q4prexreleaseq4o.htm (EX-99.1) — 22KB
- q423ex-992q4prereleaseq4on.htm (EX-99.2) — 108KB
- 0001035267-24-000006.txt ( ) — 306KB
- isrg-20240109.xsd (EX-101.SCH) — 2KB
- isrg-20240109_lab.xml (EX-101.LAB) — 23KB
- isrg-20240109_pre.xml (EX-101.PRE) — 12KB
- isrg-20240109_htm.xml (XML) — 3KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On January 9, 2024 , Intuitive Surgical, Inc. ("Intuitive") issued a press release announcing certain unaudited preliminary fourth quarter and full year 2023 financial results. A copy of the press release is furnished hereto as Exhibit 99.1. Additional unaudited preliminary revenue and procedure information is provided in the tables attached hereto as Exhibit 99.2, which has also been posted to the Investor Relations section of the Intuitive website at: https://isrg.gcs-web.com/ . The information in this Current Report on Form 8-K, including Exhibits 99.1 and 99.2, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing of Intuitive under the Securities Act of 1933, as amended, or the Exchange Act.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. The following exhibits are furnished with this report on Form 8-K: Exhibit No. Description 99.1 Press release issued by Intuitive Surgical, Inc., dated January 9, 2024 . 99.2 Unaudited preliminary revenue and procedure information, as of January 9, 2024 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INTUITIVE SURGICAL, INC. Date: January 9, 2024 By: /s/ Jamie E. Samath Name: Jamie E. Samath Title: Senior Vice President and Chief Financial Officer