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Intuitive Surgical (ISRG 0.58%) Q3 2021 Earnings Call Oct 19, 2021, 4:30 p.m. To make the world smarter, happier, and richer. Turning to our single-port system. Hi, Gary. We think we stand up pretty well to those comparisons, and we're ready to help them pursue their aims as the year proceeds. Submit. With me today, we have Gary Guthart, our CEO; Marshall Mohr, our CFO; and Jamie Samath, our senior vice president of finance. My name is Kari Krogstad. I will now turn to our financial outlook for 2021. And finally, expanding our clinical, economic, and analytical evidence base for key procedures and countries. That impact was most pronounced in the U.S. and Europe, varied market to market, complicating year-over-year comparisons. Clinical Specialist - Chicago, IL Job in Chicago, IL at PROCEPT BioRobotics We will now open the call to your questions. Jamie Samath -- Senior Vice President of Finance. Sales increased 17% to $1.55 billion, just ahead of ISRG stock analysts' projections for . And then on SG&A, kind of same kind of question. However, our expense growth rate was modestly lower than our plan, driven by pandemic-related factors. Turning to our innovation and commercialization efforts. For more information, please visit the Companys website at www.intuitive.com. Additional revenue statistics and trends are as follows. Again, if you look across that two-year period, try to look through the pandemic kind of ups and downs, what we're seeing is that procedure demand is there. Attendees can engage with peers, connect with Intuitive resource teams, and explore innovative robotic-assisted technology spanning the care continuum. Non-GAAP gross profit. Turning to gross profit. Some of them are included in our service contracts, some of them are on a per-use basis. The non-GAAP* measures are described below and are reconciled to the corresponding GAAP measures at the end of this release. (USD millions), considering 2021 as the base year . For full-year 2021, Intuitive Surgical revenues are estimated to be north of $5.7 billion, reflecting a 30% y-o-y growth, while the growth rate is expected to slow to low teens next year . Non-GAAP gross profit, non-GAAP income from operations, non-GAAP net income attributable to Intuitive Surgical, Inc., and non-GAAP EPS exclude items such as intangible asset charges, re-measurement of contingent consideration, SBC and long-term incentive plan expenses, excess tax benefits or deficiencies associated with SBC arrangements, and non-cash amortization of deferred tax assets related to intra-entity transfer of non-inventory assets, which are primarily recurring items. INTUITIVE at 2022 Wells Fargo Healthcare Conference. - building a financial model and investor presentation for fundraising . You're developing, trying to increase efficiency, decrease costs, that kind of thing. We also expect spending to increase as a percentage of revenue as investments in headcount, infrastructure, and other support areas catch up to the growth in the business.