Vicarious Surgical reports Q3 adjusted EPS ($1.91), consensus ($2.33)

“Since stepping into this role three months ago, my focus has been on sharpening our execution and capital discipline strategies,” said Stephen From, Chief Executive Officer. “We’ve made important progress toward design freeze and have commenced implementation of a detailed plan to reduce our burn rate while keeping development timelines on track. I look forward to providing continued updates as we move through this next phase. Additionally, we are pleased to have raised $5.9 million in gross proceeds in a registered direct offering in October, allowing us to further support our operations and accomplish our goals.”