The $2,100-A-Month Factory Robot: Rapid Robotics Pushes To Automate Small Manufacturers, Helped By $12 Million In New Funding [Forbes]
Intuitive Surgical, Inc. (ISRG)
Last intuitive surgical, inc. earnings: 4/16 04:05 pm
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Source: Forbes
Rapid Robotics cofounders Jordan Kretchmer (left) and Ruddick LawrenceCourtesy of Rapid RoboticsF“The big brand name customers like Home Depot and Sam’s are not the customers that we are going after,” says cofounder and CEO Jordan Kretchmer. “Those are the 2%-ers. We are going after the 98%.”Its machines do simple work, like heat stamping, fastener insertion and pad printing that are basic, exacting and repetitive — and the type of jobs that small factories have had trouble hiring enough people to do. To date, the San Francisco-based startup has deployed nearly 100 robots at clients in the Bay Area, bringing in revenue thatForbesForbes,Rapid’s orange robots look as basic as can be, but their differentiation is inside with -driven software and vision systems. In a video that Kretchmer shows over Zoom, for example, a robot hot stamps a logo onto a coffee maker. Other robots can operate pad printers that are used to create tagless labels on apparel or print onto plastic and other materia
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News
- Op-ed: Here are 6 health-care stocks to watch now, amid a bumpy recovery [CNBC]CNBC
- Should You Pick Intuitive Surgical Stock At $370? [Forbes]Forbes
- Robotic Surgery Consumables Market Analysis and Outlook, 2023-2033: A $15.61 Billion Opportunity Featuring Johnson & Johnson (Auris Health), Intuitive Surgical, and Medtronic (Mazor Robotics) [Yahoo! Finance]Yahoo! Finance
- Intuitive Surgical (ISRG) Rose on its Announcement of Launch of a New Robotic System [Yahoo! Finance]Yahoo! Finance
- Intuitive Surgical, Inc. (NASDAQ: ISRG) had its price target raised by analysts at Piper Sandler from $425.00 to $435.00. They now have an "overweight" rating on the stock.MarketBeat
ISRG
Earnings
- 4/18/24 - Beat
ISRG
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- 4/23/24 - Form 144
- ISRG's page on the SEC website