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  "docSlug": "1233d0b05ad9",
  "documentTitle": "PROCEPT BioRobotics Corporation (PRCT)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2025-01-16 00:00:00",
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  "density": "dense",
  "nDataPoints": 27,
  "notes": "The slide uses a red box to highlight a cluster of companies (ESTA, STAA, PRCT, DXCM) and a red horizontal line to denote the peer median of 55 days.",
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      "text": "Peer Median: 55 Days",
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      "kind": "callout",
      "text": "Not only is the upward trend in Procept DSOs worrisome, but the Company's inflated receivables balance also stands out relative to peer companies.",
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      "kind": "chart",
      "text": "Bar chart showing DSO values for 27 companies, with Procept and peers highlighted.",
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      "text": "Days Sales Outstanding: 102",
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      "text": "Not only is the upward trend in Procept DSOs worrisome, but the Company's inflated receivables balance also stands out relative to peer companies. We believe that Procept is not in good company among those with similarly high DSOs.",
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      "kind": "source-note",
      "text": "Source: S&P Capital IQ",
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      "text": "Procept's DSOs Are Nearly Twice Those Of Peer Companies",
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