PROCEPT BioRobotics Corp
For the period ended Sep 30, 2024. Filed Oct 28, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 28, 2024
PRCT$23.05+3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Financial Statements (unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $196,762 | $257,222 |
| Accounts receivable, net | 69,048 | 48,376 |
| Inventory | 50,850 | 39,756 |
| Prepaid expenses and other current assets | 6,321 | 5,213 |
| Total current assets | 322,981 | 350,567 |
| Restricted cash, non-current | 3,038 | 3,038 |
| Property and equipment, net | 26,605 | 28,748 |
| Operating lease right-of-use assets, net | 19,267 | 20,241 |
| Intangible assets, net | 1,000 | 1,204 |
| Other assets | 1,251 | 919 |
| Total assets | $374,142 | $404,717 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | $15,088 | $13,499 |
| Accrued compensation | 18,834 | 16,885 |
| Deferred revenue | 7,989 | 5,656 |
| Operating lease, current | 1,839 | 1,683 |
| Loan facility derivative liability | 2,000 | 1,886 |
| Other current liabilities | 7,896 | 6,318 |
| Total current liabilities | 53,646 | 45,927 |
| Long-term debt | 51,438 | 51,339 |
| Operating lease, non-current | 27,361 | 26,182 |
| Other liabilities | 479 | 517 |
| Total liabilities | 132,924 | 123,965 |
| Commitments and contingencies (see Note 11) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.00001 par value; | ||
| Issued and outstanding shares: none at September 30, 2024 and December 31, 2023 | — | — |
| Common stock, $0.00001 par value; | ||
| Issued and outstanding shares: 52,146 and 50,771 at September 30, 2024 and December 31, 2023, respectively | — | — |
| Additional paid-in capital | 768,365 | 735,240 |
| Accumulated other comprehensive gain (loss) | (18) | 84 |
| Accumulated deficit | (527,129) | (454,572) |
| Total stockholders’ equity | 241,218 | 280,752 |
| Total liabilities and stockholders’ equity | $374,142 | $404,717 |
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