HomeTrending StocksWhy Vicarious Surgical Inc. (RBOT) Stock surged in the after-hours on Friday?

Why Vicarious Surgical Inc. (RBOT) Stock surged in the after-hours on Friday?

Vicarious Surgical Inc. (RBOT) shares surged 13.28% in after-hours on Friday, December 03, 2021, and closed the daily trading at $11.86. However, in the regular trading session, RBOT’s stock lost 18.20%. RBOT shares have risen 7.06% over the last 12 months, and they have moved down 18.20% in the past week. Over the past three months, the stock has gained 4.80%, while over the past six months, it has gained5.76%.

Let’s discuss its recent developments briefly.


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RBOT participation in recent events

Vicarious Surgical Inc. recently participated in a fireside chat at the Piper Sandler 33rd Annual Virtual Healthcare Conference, which was held on November 22, 2021.

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RBOT management also participated in the Canaccord Genuity MedTech, Diagnostics and Digital Health & Services Forum, which was held on November 18, 2021.

The company participated in the Credit Suisse 30th Annual Healthcare Conference, which was held on November 11, 2021.

RBOT latest financial results

On November 08, 2021, Vicarious Surgical Inc. ( RBOT), announced third quarter 2021 financial results.

Q3 2021 financial highlights

  • There was no revenue generated in Q3 2021.
  • Total operating expenses were $8.6 million for the third quarter of 2021, compared to $3.3 million in the third quarter of 2020.
  • RBOT suffered a net loss of $65.5 million in Q3 2021 or a net loss per share of $0.71 compared to a net loss of $3.3 million or a loss of $0.04 per share for the same period of the prior year.
  • As of September 30, 2021, the company had cash, cash equivalents, and short-term investments of $185 million.

RBOT expanding its footprints

On October 20, 2021, Vicarious Surgical Inc (RBOT), executed a long-term lease agreement providing an additional 30,000 square feet in Waltham, MA. The new facility will expand manufacturing facilities and include four operating rooms for demonstration and testing.

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Conclusion

There was no recent news or development behind its loss and gains on Friday. we can’t predict how it will perform on Monday?

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