Asensus Surgical Inc (ASXC)

[flybabyfly]

What does this platform allow a surgeon to do that they can't do with a Davinci?? Nothing. Per case economics that's a nice spin but remember The OR is completely overtaken by that beast and can not be used for other revenue generating non robotic procedures. Also ISRG can and if needed meet the per case economics. They also have the ability to undercut on the capital purchase easily.

With no real medical benefit and smoke and mirrors for an economic benefit, you are left with a 2 million dollar paper weight/ dust magnet. This is why there is only 1 sale after 6 years. This platform being 6 years old likely already is outdated which is why you are having trouble demonstrating any tangible medical advantage and keep going back to the smoke and mirror economic benefit. Fact is it will cost the hospital much more through lost productivity/efficiency to own a Senhance than a Davinci.

The biggest issue here is there is no Medical benefit which means Senhance isn't needed or wanted! 1 sale in six years clearly demonstrates this. There is no economic benefit unless you are blind to the shortcomings regarding footprint, portability, room turnover.