{
  "docId": "019dd923-622c-750b-8b99-9ee2a1e788fb",
  "docSlug": "1233d0b05ad9",
  "documentTitle": "PROCEPT BioRobotics Corporation (PRCT)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2025-01-16 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 63,
  "pageCount": 100,
  "prevPage": 62,
  "nextPage": 64,
  "slideType": "problem_statement",
  "function": "diagnose_problem",
  "density": "dense",
  "nDataPoints": 15,
  "notes": "Includes a histogram of prostate sizes and a supporting quote from a urologist.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "callout_box",
    "histogram",
    "quote_block",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b99-9ee2a1e788fb/63",
  "deckHref": "/decks/019dd923-622c-750b-8b99-9ee2a1e788fb",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b99-9ee2a1e788fb.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-9ee2a1e788fb#slide-63",
  "components": [
    {
      "bbox": {
        "h": 0.35,
        "w": 0.38,
        "x": 0.02,
        "y": 0.37
      },
      "kind": "callout",
      "text": "54% of prostates treated by Aquablation have been below 80g. This is, by far, the largest market... Moreover, based on our research... Aquablation is less well-suited for the largest market segment.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8838489a-d552-4f7f-b4ab-e19e2a5d78c6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.58,
        "x": 0.41,
        "y": 0.37
      },
      "kind": "chart",
      "text": "Aquablation Treated Prostate Sizes – U.S.",
      "attrs": null,
      "subkind": "histogram",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f62d25b1-b15c-4bed-94b9-7f5b0e04fe0c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.13,
        "w": 0.96,
        "x": 0.02,
        "y": 0.17
      },
      "kind": "paragraph",
      "text": "The average young prostate is about 20g, and sizes above that level are generally considered enlarged. Aquablation was originally evaluated on and approved for prostates between 30-80g...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "59e621d1-d8c0-4dca-b6fa-cc443c1d7d9c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.73,
        "x": 0.25,
        "y": 0.82
      },
      "kind": "quote",
      "text": "I would say that the 30- to 80-gram range really leaves every possible surgical intervention on the table in terms of options... there is an inherent problem in the size indication...",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fe30663f-8a83-473c-ae83-d4f81d3a09a4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.96,
        "x": 0.02,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Red box for Spruce Point emphasis. Source: Tegus, AUA Treatment Guidelines for BPH, Procept October 2024 investor presentation, \"The Development Of Human Benign Prostatic Hyperplasia With Age\", Berry, et al, The Journal of Urology, Spruce Point research",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "85a4b4f5-0730-4534-8b82-8c35136220cb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.65,
        "x": 0.31,
        "y": 0.05
      },
      "kind": "title",
      "text": "Most Aquablations To Date Have Been Performed On Smaller Prostates, Which We Believe Is Problematic For Long-Term Growth",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "da0045a3-d403-43f7-b12a-eb93c446c446",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "diagnostic-test",
      "slug": null,
      "matchId": "be248aeb-b3ab-47a8-ae09-6430f3001f7e",
      "evidence": "The slide identifies a specific market segment (prostate size) as a point of failure for the company's long-term growth strategy.",
      "confidence": 0.8
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}