Core Viewpoint - The launch of the 5G endoscopic surgical system (surgical robot) at Dongying People's Hospital marks a significant advancement in minimally invasive surgical technology, ushering in a new era of intelligence and precision in the field [1][3]. Group 1: Technological Advancements - The 5G surgical robot offers high-definition 3D vision, flexible and precise robotic arm operations, and stability that surpasses human capabilities, enhancing safety and efficiency in complex surgeries [1]. - The introduction of remote surgical technology through the Tumai robot addresses global challenges in network compatibility and large-scale deployment, allowing for real-time expert guidance and cross-regional collaborative surgeries [2]. Group 2: Clinical Applications and Training - Dongying People's Hospital has successfully performed multiple robotic surgeries across various fields, including general surgery, urology, thoracic surgery, gynecology, and orthopedics, with over 100 orthopedic navigation surgeries conducted to date [1][3]. - The hospital has established a dual-machine configuration, with one robot for clinical use and another dedicated to regional talent training, creating an advanced training system that combines theory with high-fidelity simulation [2]. Group 3: Strategic Collaborations - The hospital signed a strategic cooperation agreement with Academician Tang Peifu's team, becoming one of the first "Smart Orthopedic Technology Training and Application Demonstration Bases" under the National Orthopedic and Sports Rehabilitation Clinical Medical Research Center [1]. - The launch event featured presentations from key figures in the medical field, emphasizing the applications of the 5G endoscopic surgical system and remote technology [3].

Group 1 - The length of the ingredient list does not directly correlate with food safety, and shorter lists do not necessarily indicate healthier options [6][7][8] - Food safety is determined by the type and amount of additives used, rather than the number of additives present [7][9] - The concept of "zero preservatives" can be misleading, as preservatives play a crucial role in preventing food spoilage and ensuring safety [9][10] Group 2 - Sunlight exposure through glass does not effectively contribute to calcium absorption due to significant reduction in UVB penetration [2][3] - The optimal times for sunlight exposure to synthesize vitamin D are between 9-10 AM and 3-5 PM, with 30-60 minutes of exposure recommended [3] - Solar panels do not emit harmful electromagnetic radiation, and their operation is well within safety standards set by health organizations [4][5]

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $69.2 million, representing a growth of 55% compared to Q1 2024 [7][29] - Gross margin for Q1 2025 was 63.9%, consistent with Q4 2024 and up 750 basis points year-over-year [35] - Net loss for Q1 2025 was $24.7 million, compared to a net loss of $26 million in the same period of the prior year [37] Business Line Data and Key Metrics Changes - US revenue for Q1 2025 was $60.3 million, representing a growth of 50% compared to the prior year [29] - The company sold 43 robotic systems in Q1 2025, with an average selling price of approximately $435,000 [31] - US handpiece revenue for Q1 2025 was $38 million, representing a growth of 61% year-over-year, with 11,235 handpieces sold [33] Market Data and Key Metrics Changes - International revenue in Q1 2025 was $8.9 million, representing growth of 104% compared to the prior year, driven primarily by strong sales in the UK [26][34] - The US installed base of robotic systems reached 547, reflecting a growth of 55% compared to the prior year [8] Company Strategy and Development Direction - The company is focused on expanding the installed base of Hydro systems in greenfield accounts while also seeing interest from existing customers for replacements [39] - The management believes that the current tariff environment will not compromise the path to achieving long-term profitability objectives [44] - The company aims to standardize aquablation therapy across hospital networks, driven by consistent outcomes and operational efficiency [22][112] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to continue growing the installed base and procedural volumes despite macroeconomic challenges [25][39] - The company anticipates a modest impact on 2025 gross margin due to strong inventory positions and limited exposure to foreign suppliers [11][53] - Management highlighted the positive changes in Medicare coverage that will streamline access to aquablation therapy for a broader patient population [15][126] Other Important Information - The company is preparing for the AUA conference, where it will present data from trials that could influence future treatment guidelines for prostate cancer [49][50] - The company has received IDE approval from the FDA to enroll a randomized trial comparing surgical therapy against radical prostatectomy for prostate cancer [50] Q&A Session Summary Question: Can you discuss the CapEx environment and buyer interest in the system? - Management noted that there has been no impact on capital interest in acquiring Hydro systems, with a strong pipeline and daily conversations indicating continued excitement [59][60] Question: What was the procedure volume growth in March? - Management reported a return to normalcy in March, with guidance for Q2 and Q3 assuming similar utilization rates to Q1 [71][72] Question: How do you view the utilization in IDNs? - Management indicated that IDNs are increasingly interested in standardizing procedures and improving utilization through education and support [106][112] Question: What are the implications of the LCD changes? - Management stated that the removal of certain limitations will streamline patient pre-workup and expand access to aquablation therapy [126][128] Question: How is the company balancing growth in international markets? - Management emphasized a disciplined approach to entering new markets, focusing on the UK and Japan while ensuring strong support in existing markets [86][87]