Summary
Intuitive Surgical, Inc. (ISRG) filed an 8-K on January 14, 2014, to announce preliminary unaudited financial results for the fourth quarter and full year of 2013. The filing primarily directs investors to an attached press release (Exhibit 99.1) and a separate table of preliminary revenue and procedure information (Exhibit 99.2). These documents provide early insights into the company's performance leading up to the official earnings release. Investors should note that this information is preliminary and unaudited. The company also stated that this information is furnished and not deemed "filed" for certain SEC purposes, meaning it won't be subject to the same liabilities as formally filed reports.
Key Highlights
- 1Intuitive Surgical released preliminary, unaudited financial results for Q4 and Full Year 2013 on January 14, 2014.
- 2The company provided preliminary revenue and procedure information.
- 3Key details are available in an attached press release (Exhibit 99.1) and a separate data table (Exhibit 99.2).
- 4This filing serves as an advance notice of upcoming financial results.
- 5The information is explicitly stated as preliminary and unaudited.
- 6The furnished information is not considered "filed" under Section 18 of the Exchange Act, limiting liability.
- 7This filing was made to comply with disclosure requirements for significant events like earnings pre-announcements.
Frequently Asked Questions
The main purpose of this 8-K filing is to publicly announce Intuitive Surgical's preliminary, unaudited financial results for the fourth quarter and the full year of 2013, providing investors with an early look at the company's performance before the official earnings release.
The detailed preliminary financial results and procedure information are provided in Exhibit 99.1 (the press release) and Exhibit 99.2 (preliminary revenue and procedure information) attached to this 8-K filing. This information has also been posted on the Investor Relations section of Intuitive Surgical's website.
No, the information presented in this filing, including the preliminary financial results and procedure data, is explicitly stated as unaudited. Investors should await the audited financial statements for the official and finalized figures.
When information is furnished and not deemed 'filed' under Section 18 of the Securities Exchange Act of 1934, it means that the company is providing the information for transparency but is not subjecting itself to the same level of legal liability as it would for information formally filed with the SEC. This is common for press releases and preliminary earnings data.