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10/21/14 11:05 PM

#15087 RE: Daktari #15085

Decrease in profit for the largest player in the industry- their revenue grew 10%. $550 million in revenue which $273 million was instrument and accessory revenue. Intuitive is forecasting 8-9% in procedure growth which grows their instrument/accessory revenue. I guess the key approach for Titan is to sell the systems cheap, get the units in the door at as many hospitals/clinics as possible and capitalize on the instrument/accessory/services/maintenance revenue. A numbers game like anything else. I was personally focused on unit sales for Titan-I didn't think that was less than half of the story.