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  "documentTitle": "PROCEPT BioRobotics Corporation (PRCT)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2025-01-16 00:00:00",
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  "notes": "Uses a waterfall-bridge chart to expose the gap between company claims and reality.",
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      "text": "When Procept presents its TAM, it assumes that every man in the US who has been actively treated for BPH will choose to undergo the Aquablation resective procedure. We believe this is an absolutely unrealistic assumption.",
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      "text": "Total Addressable Market: $20B?",
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      "text": "When Procept presents its TAM, it assumes that every man in the US who has been actively treated for BPH will choose to undergo the Aquablation resective procedure. We believe this is an absolutely unrealistic assumption.",
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      "text": "Source: Spruce Point research",
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      "kind": "title",
      "text": "The Procept Opportunity: Hype Versus Our View Of Reality",
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      "name": "Cost Of Inaction",
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