The Company had $84.1 million cash and investments as of March 31, 2024. The Company’s cash burn rate for the first quarter of 2024 was $14.1 million. “I’m proud to report a productive start to 2024 as we advance our mission to improve lives by transforming surgical robotics,” said Adam Sachs, CEO. “With the completion of our recent spring cadaver lab, we are now focused on further refining our V1.0 system ahead of final system integration this fall, and we remain confident in the value proposition that our differentiated single port offering can deliver for patients and surgeons alike.”
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