Novadaq Reports First Positive Earnings Quarter & Stock Ends Day at $12.24 In Heavy Volume
The modelling I use projected 37% revenue growth vs 37% actual, 152 units vs 135 (~150 shipped according to CC). ISRG installed ~12 on existing machines from inventory. The progress on PinPoint (2 sales & marketing up to 15) was good with cash drain in next 6 months but contributions in second half (CC comment to question & answer inquiry), as well as more opaque progress on LUNA. All in all just about what expected. So why did the stock not respond? My wife hates the impacts of short sellers. You may have put your finger on it endo. Like ISRG in the early days, short sellers have little long term impact. Management stated "40% plus growth for years to come are expected".