Recurring Consumable RevenueHigh-margin, per-procedure consumables create a recurring revenue stream that scales with procedure volume and installed base growth. This model smooths revenue cadence versus pure capital sales and supports sustainable unit economics as procedures expand across end customers and geographies.
Procedure Adoption & Installed-base GrowthRobust procedure growth and sizable FY guidance indicate durable clinical adoption, which drives recurring consumable demand and future system placements. Rapid U.S. uptake plus international rollouts (e.g., U.K. NHS adoption) increase addressable volume and long-term revenue visibility.
Improving Unit Economics & PricingSustained ~65% gross margins and recent ASP strength demonstrate improving unit economics and pricing power. High gross margins provide a structural buffer to absorb incremental tariff/COGS shocks and support eventual leverage to profitability as fixed costs scale with revenue.