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  "documentTitle": "UFP Technologies, Inc. (UFPT)",
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  "notes": "Includes a photo with red annotations highlighting the surgical drapes on a da Vinci Xi system.",
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      "text": "While the Street claims the offshoring of AJR's operation will yield cost-savings that are gross margin accretive, we disagree. Per a former AJR employee we spoke with, the company \"didn't do anything for less than...25, 30% gross margin.\"",
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      "text": "ISRG outsources surgical drape production to DAS Medical, a company acquired by UFPT in 2021 for $75 million. The purpose of these drapes is to prevent infectious spread.",
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