"2022 was a transformational year for Vicarious Surgical. In our first full year as a public company, we secured a number of value-generating hospital system partnerships and achieved a major development milestone with the successful completion of our Beta 2 system," said Adam Sachs, Chief Executive Officer of Vicarious Surgical. "Given the macroenvironment, we have thoughtfully implemented cost reduction efforts across our sales, general and administrative functions to extend our cash resources and prioritize investment in our critical business initiatives. With $116 million in cash on the balance sheet as of year end, we now have approximately two years of cash runway to fund continued execution of our upcoming milestones and the future delivery of our differentiated surgical robotic system."
Published first on TheFly
