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PROCEPT BioRobotics develops robotic medical devices for treating enlarged prostate (BPH). Its flagship AquaBeam Robotic System enables Aquablation therapy, a minimally invasive procedure that removes prostate tissue using a waterjet guided by real-time imaging and robotics to achieve precise, reproducible tissue removal. The system is designed for use by urologists in hospitals and clinics, and the company monetizes through the sale of the AquaBeam system, ongoing revenue from disposable procedure components, and training and support services for providers. Compared with competitors, PROCEPT focuses on a controlled, image-guided robotic approach that aims for predictable outcomes and fewer complications, and its technology has gained recognition in clinical practice guidelines. The company’s goal is to improve patient quality of life by delivering accurate, efficient, and minimally invasive BPH treatment that reduces urinary symptoms using a repeatable surgical workflow.
Industries
Robotics & Automation
Healthcare
Company Size
501-1,000
Company Stage
IPO
Headquarters
Redwood City, California
Founded
2009
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Total Funding
$978.6M
Above
Industry Average
Funded Over
13 Rounds
Health Insurance
401(k) Company Match
401(k) Retirement Plan
Paid Vacation
Paid Parental Leave
Paid Holidays
Wellness Program
Gym Membership
Procept BioRobotics CEO Larry Wood purchased 23,900 shares through The Larry Wood Trust on 7 August 2026, valued at approximately $498,000. The purchase came as the stock traded at $20.85 per share, marginally above the $20.41 market close, whilst shares have declined 48% over the past year. Following the transaction, Wood holds a total beneficial interest of 338,103 shares in the San Jose-based medical technology firm, which has a market capitalisation of $1.2 billion. The company generated $337.3 million in trailing twelve-month revenue whilst posting a net loss of $109.8 million over the same period. Procept BioRobotics develops the AquaBeam Robotic System, which performs Aquablation therapy for treating benign prostatic hyperplasia in male patients.
PRCT INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP files Class Action lawsuit against PROCEPT BioRobotics Corporation and announces opportunity for investors with substantial losses to lead Class Action lawsuit. SAN DIEGO-(BUSINESS WIRE)-Robbins Geller Rudman & Dowd LLP announces that purchasers of PROCEPT BioRobotics Corporation (NASDAQ: PRCT) common stock between February 28, 2024 and February 25, 2026, both dates inclusive (the "Class Period"), have until September 22, 2026 to seek appointment as lead plaintiff of the Procept class action lawsuit. Captioned Operating Engineers Construction Industry and Miscellaneous Pension Fund v. PROCEPT BioRobotics Corporation, No. 26-cv-07691 (N.D. Cal.), the Procept class action lawsuit charges Procept as well as certain of Procept's top current and former executive officers with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Procept class action lawsuit, please provide your information here: You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at [email protected]. CASE ALLEGATIONS: Procept is a medical technology company that sells surgical devices used in the treatment of benign prostatic hyperplasia. The Procept class action lawsuit alleges that defendants throughout the Class Period made materially false and/or misleading statements because they failed to disclose the following adverse facts pertaining to Procept's business, operations, and financial condition, which were known to defendants or recklessly disregarded by them as follows: (i) that, during the Class Period, Procept had utilized an extensive discount program designed to incentivize its customers to place bulk orders in excess of procedure demand; (ii) that Procept's undisclosed discount program had artificially and unsustainably inflated Procept's reported U.S. handpiece unit sales and revenues by pulling forward sales at the expense of future periods; (iii) that Procept's undisclosed discount program had caused customer handpiece orders to materially exceed underlying procedure demand throughout the Class Period and that this differential had materially grown over time; (iv) that Procept's consistent surplus of U.S. handpiece unit sales relative to performed procedures had created a glut of field inventory and overstocking amongst Procept's customer base, amounting to more than 10,000 excess units by the end of the Class Period; (v) that, as a result of (i)-(iv) above, defendants' representations during the Class Period regarding Procept's handpiece unit sales and the utilization of Procept's field Systems were materially overstated; (vi) that, as a result of (i)-(v) above, Procept was acutely exposed to material undisclosed risks of significant operational and financial harm; and (vii) that, as a result of (i)-(vi) above, Procept was unable to achieve its stated 2025 handpiece sales and revenue guidance and such guidance lacked a reasonably achievable factual basis. The Procept class action lawsuit further alleges that on August 6, 2025, Procept announced earnings for its second fiscal quarter of 2025, revealing that Procept had only sold approximately 12,750 handpieces in the United States during the quarter. During Procept's earnings call, defendant Kevin Waters reported that Procept expected to ship approximately 13,350 units in the following quarter, significantly below consensus estimates of more than 13,840 units. Procept's quarterly handpiece sales guidance also implied that Procept would need to grow handpiece sales by approximately 25% year-over-year in the fourth quarter in order to meet Procept's annual unit sales guidance. In addition, defendant Reza Zadno revealed that Procept was eliminating the role of Chief Commercial Officer in order to "strengthen" Procept's "commercial execution." On this news, the price of Procept stock fell approximately 16% over a two-day trading period. Then, on November 4, 2025, Procept announced earnings results for its third fiscal quarter of 2025, revealing that Procept had only sold 13,225 handpieces during the quarter, which missed Procept's sales guidance issued during the prior quarter. During the corresponding conference call, defendant Kevin Waters further revealed that Procept was reducing its annual handpiece sales guidance by 1,000 units, down from 53,000 units to 52,000 units to allow for the "optimization of field inventory." Defendant Larry L. Wood further admitted that Procept had not "been managing customer inventory by establishing par levels" and that some customers were "probably carrying too much inventory." On this news, the price of Procept stock fell more than 10% over a two-day trading period. Finally, on February 25, 2026, Procept announced earnings results for its fourth fiscal quarter and year ending December 31, 2025. Procept revealed that handpiece sales had materially exceeded procedures in every quarter since the first fiscal quarter of 2023, a differential which had consistently grown over time, ultimately resulting in cumulative excess field inventory of more than 10,000 units. Procept further revealed that quarterly handpiece unit sales in the United States had declined significantly from 13,225 units in the third quarter to 9,400 units, representing a sequential decline of nearly 30%. On this news, the price of Procept stock fell more than 18% over a two-day trading period. The plaintiff is represented by Robbins Geller, which has extensive experience in prosecuting investor class actions including actions involving financial fraud. You can view a copy of the complaint by clicking here. THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Procept common stock during the Class Period to seek appointment as lead plaintiff in the Procept class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Procept class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Procept class action lawsuit. An investor's ability to share in any potential future recovery of the Procept class action lawsuit is not dependent upon serving as lead plaintiff. ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder rights litigation. Its Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks its fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors - $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever - $7.2 billion - in In re Enron Corp. Sec. Litig. Please visit the following page for more information: Past results do not guarantee future outcomes. Services may be performed by attorneys in any of its offices. Contacts. Robbins Geller Rudman & Dowd LLP Ken Dolitsky Michael Albert 655 W. Broadway, Suite 1900, San Diego, CA 92101 800/851-7783 [email protected] More News From Robbins Geller Rudman & Dowd LLP SAN DIEGO-( BUSINESS WIRE )-The case alleges Capricor Therapeutics and certain of its top executives made false and/or misleading statements to investors... SAN DIEGO-( BUSINESS WIRE )-The case alleges Bloom Energy and certain of its top executives made false and/or misleading statements to investors... SAN DIEGO-( BUSINESS WIRE )-The case alleges Wix and certain of its executives made false and/or misleading statements to investors...
Kaplan Fox urges investors of PROCEPT BioRobotics Corporation (NASDAQ: PRCT) with significant losses to seek a leadership role before September 22, 2026. Aug. 5, 2026 7:30 PM ET Source: Kaplan Fox NEW YORK, NY - August 5, 2026 (NEWMEDIAWIRE) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against PROCEPT BioRobotics Corporation ("PROCEPT" or the "Company") (NASDAQ: PRCT) on behalf of all purchasers of PROCEPT common stock between February 28, 2024 and February 25, 2026 (the "Class Period"). If you are an investor in PROCEPT and have suffered losses, you may CLICK HERE to contact NewMediaWire LLC. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003. DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than September 22, 2026 to serve as a lead plaintiff for the purported class. If you have losses NewMediaWire LLC encourage you to contact NewMediaWire LLC to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery. The complaint alleges that contrary to defendants' Class Period assurances that the "differential" between handpiece unit sales and procedures had "remained relatively consistent," PROCEPT's discount program had caused handpiece orders to materially exceed procedures in every quarter during the Class Period. According to the complaint, these undisclosed sales tactics artificially inflated PROCEPT's reported U.S. handpiece unit sales and revenues by pulling forward demand at the expense of future periods. WHY CONTACT KAPLAN FOX? Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented. Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America - the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act - $800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch. For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes. If you have any questions about this Notice, your rights, or your interests, please contact: Laurence D. King KAPLAN FOX & KILSHEIMER LLP 1999 Harrison Street, Suite 1501 Oakland, California 94612 (415) 772-4704 [email protected] Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
INVESTOR ALERT: Pomerantz law Firm reminds investors with losses on their investment in PROCEPT BioRobotics Corporation of class action lawsuit and upcoming deadlines - PRCT. 2 2 minutes read NEW YORK, Aug. 04, 2026 (GLOBE NEWSWIRE) - Pomerantz LLP announces that a class action lawsuit has been filed against PROCEPT BioRobotics Corporation ("Procept" or the "Company") (NASDAQ: PRCT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. US news subscription The class action concerns whether Procept and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. You have until September 22, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Procept securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com. On August 6, 2025, Procept announced earnings for its second fiscal quarter of 2025, revealing that Procept had only sold approximately 12,750 handpieces in the United States during the quarter. During Procept's earnings call, Chief Financial Officer Kevin Waters reported that Procept expected to ship approximately 13,350 units in the following quarter, significantly below consensus estimates of more than 13,840 units. Procept's quarterly handpiece sales guidance also implied that Procept would need to grow handpiece sales by approximately 25% year-over-year in the fourth quarter in order to meet Procept's annual unit sales guidance. In addition, then-Chief Executive Officer Reza Zadno revealed that Procept was eliminating the role of Chief Commercial Officer in order to "strengthen" Procept's "commercial execution." On this news, Procept's stock price fell approximately 16% over a two-day trading period. Then, on November 4, 2025, Procept announced earnings results for its third fiscal quarter of 2025, revealing that Procept had only sold 13,225 handpieces during the quarter, which missed Procept's sales guidance issued during the prior quarter. During the corresponding conference call, CFO Waters further revealed that Procept was reducing its annual handpiece sales guidance by 1,000 units, down from 53,000 units to 52,000 units to allow for the "optimization of field inventory." CEO Larry L. Wood further admitted that Procept had not "been managing customer inventory by establishing par levels" and that some customers were "probably carrying too much inventory." On this news, Procept's stock price fell more than 10% over a two-day trading period. Finally, on February 25, 2026, Procept announced earnings results for its fourth fiscal quarter and year ending December 31, 2025. Procept revealed that handpiece sales had materially exceeded procedures in every quarter since the first fiscal quarter of 2023, a differential which had consistently grown over time, ultimately resulting in cumulative excess field inventory of more than 10,000 units. Procept further revealed that quarterly handpiece unit sales in the United States had declined significantly from 13,225 units in the third quarter to 9,400 units, representing a sequential decline of nearly 30%. On this news, Procept's stock price fell more than 18% over a two-day trading period. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes.
PROCEPT faces class action for hidden sales practices. Unmasking PROCEPT's steep decline. You set your sights on a promising biomedical tech industry pick - PROCEPT BioRobotics, ticker NASDAQ:PRCT. But here Investors Hangout, LLC is staring at a near 50% stock value drop, and investors caught in this tumble have good reason to square up for a fight. Hagens Berman, that powerhouse firm known for plaintiff litigation, is stomping in with a class action against PROCEPT, citing misleading sales practices. Let's dig into what stinks in PROCEPT's closet. Discount games gone sour. The drama swirling around PROCEPT's stock woes centers on some sneaky sales tactics. The problem? An aggressive bulk discount program the company allegedly pushed, tempting customers into excessive orders at the end of each quarter. The grand approach led to sales that looked swell on paper but were yanking future numbers forward, potentially hoodwinking investors who thought they were peering into genuine growth. The crux of the lawsuit aims at these dirty little details - analysts and investors were none the wiser about how PROCEPT padded their stats. They held the fogged mirror of strong sales growth up for everyone to see, all the while propping it on unstable bases. Protracted consequences for investors. This ugly dance came to light when quarterly earnings reports hit with a brutal thud. Just a year ago, on August 6, 2025, PROCEPT revealed its Q2 performance. Repeatedly missing the mark on handpiece sales, the investors started catching on. Fast forward to Q3, another rough result set the market twitching - a slash in sales guidance, and insight into mismanaged inventories with customer stockpiles towering over market need. "That soap opera level scariness of watching PROCEPT crumble under its own misdirection says it flat out: unchecked greed overrode operational transparency," mused one industry vet reflecting on the stock's nosedive. * February 28, 2024 - February 25, 2026 are the hot dates; the investors stuck during this window can jump to lead the charge in the lawsuit. * On November 4, 2025, PROCEPT admitted its missteps - an overstuffed corner of undisclosed inventory building up from its shady discount strategy. Investor takeaway: navigate cautiously. Look, when the facade starts crumbling, it's never a pretty sight. If you're holding onto PRCT shares, you're deep in the pit of this financial drama. A 48% haircut to share value is enough to rile anyone and has an army of investors ready to pounce with legal action. But before hanging up the towel, consider your next move strategically. Look closely at what went sideways; those figures and faces in the quarterly reports tell tales more than fluff. PROCEPT investors need to weigh the reality - did they really see gains promised, or was it just a flickering mirage snuffed out by dubious practices? The road ahead may be blurred, but clarity in such environs often demands a hard, painful glance back at what the previous reports touted. Whistleblowers may hold the key. Here's another dimension: for anyone hanging onto insider scoops, the SEC Whistleblower program is dangling some decent carrots - could pack rewards up to a neat 30% of any funds clawed back. That's one heck of a silver lining for those stuck in the trenches of corporate deception. Whether you leap onto the court bandwagon or decide to bide the storm, know this: PROCEPT's story isn't unique. Companies dance around quarterly results to appease Wall Street's ceaseless drum, but when reality breaks, nothing shields missteps from the daylight. The message is blindingly clear - a sound investment strategy hangs on transparency and a personal commitment to reading between the lines before buying into the sector's sweet promises.
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Industries
Robotics & Automation
Healthcare
Company Size
501-1,000
Company Stage
IPO
Headquarters
Redwood City, California
Founded
2009
Find jobs on Simplify and start your career today