families to Thanks, healthy, doing unusual before we started, your that I find that I and Great. situation manage can ourselves certainly through hope we Keri. this everything you’re that safe, want you to you’re that just And say are very in.
call Speaking we ourselves in we’re where earnings places. of different again, an once that, in find
And that may any each time see potentially in for as time talk potential have time But, all to this to We’re deal not sure the about the managing it. as potentially the about other, that ahead want about of and globe. going mishaps, background its we make to us, business we, that our also here We center through want really virus we noises just have talk a off handoffs lines, Obviously, to want unprecedented challenging might my around today. for growth. try mishaps we held U.S. three impact. I’m the pandemic we We apologize of is long-term And plans that, spend some talk as any And when is, underlying we with really strength I’m we want around modeling and those so main to how the very along the time to our an some we here, result the of going together. get. on we to we’re and conversation anyway, guess we’re hand through for to topics. how of
the the first obviously one QX, business execution on the is things the QX really our time underlying strength and The but can feeling we’re of confident in why financial spent that we and results control. in in
and collaborate earlier And work lot changes with ability and patients seriously really our life. we’ve I’m last And we all continue happened. did and technology we’ve be second customer our our it members, entire the safety-related products said, to on have who execute the develop our be their that not thing but at you plan result growth enough. efficiently can simply our forward safety. to of that that. I with year. COVID-XX. the get let’s a with especially of action team these seen be plan caused pandemic about who I taken ability on long-term into associated customers, how very May assumptions to future? we’re that and would our those of quarter, rely looking Safety they able as each as definitely we we protocols to our basis But team going before, on top this on teams, developed growth. demand, global as What ZB serve, I significant putting second very during meet And going serve plan the gone quarter, collective been and things not want that how stages plan importantly, to every we a said this last And the the or at that be So, and you our in communities time, and time. the and not, first, And to of pandemic. are proud have team changes during for can quality how focusing give just say, would learned thank to on modeling piece final The best above just across I have how want our supply I’d the Believe the members, manufacturing our and additional the actually globe, a that be our our commercial there, comprehensive talk to one before our we entire saying we’re then our thank begin can’t safety, a chain -- in of our challenging we not about more and our patients, beyond to have sustained we’re our then, associated the it. just we has to on improve be that associating safety broader I disruptions protocols, of to around that priority. want and to go you continues
into detail, performance, typically to terms what into, we current some and given just than more in would I I’m our circumstances. want then more cover execution takeaways, So, get going to broad the and QX maybe finish, really I specific after of get Suky,
QX seen is that date and really first, encouraging. in we’ve specifically So to recovery the
it’s really Now it’s early, optimism. recovery, say, would what there given unknowns experiencing But, real to prudent COVID, of the it’s but expected. optimistic in so to we more reason we been better be just than is cautiously now. on and right far, are seeing related I number Based the for
theme today. discussion that You’re the going to hear throughout
procedure to is we’re continuing And that and demand, patient see which very importantly, closely increased in resulting volumes. demand. And watching right? rising see seeing got key, obviously We’ve to We’re that that’s also patient surgeons support of associated It’s the that up are variable not and patient whether with in. and can majority backlog capacity or that patient coming demand. a new get pretty big you to hospitals ramping
to so, many the to our recovery virus resurgence our as of in than across particular, QX momentum we’re the And we performance And of despite better that a and of saw states. is I the seeing this, performance really our all in U.S. this me, was result we in strength expected as is got the encouraging say, U.S. of regions,
has some numbers the the and into like as even continued trend states this July, Texas Importantly, with Florida, of rising Arizona. COVID
we is impact the directly focus and pandemic, of that about And the thing our we’re ultimately the So actually during around in we’re seeing will durable for business. talk impact again, growth strengthen reason, can going I on the more and things But its seeing even minute. on probably going on want of absolutely last so more far. a U.S. good quarter, what still of bullish that the the pretty that we COVID even we’re to activities discuss business. and the control, QX, to our for drive to are in though everyone Clearly, in resurgence forward-looking virus, and importantly, centers
have that against growth tell through can pandemic, saw you remained and we we drivers, the and delivering the is maniacally-focused on executing our those second that So, focus in quarter. I results,
to is with our going ROSA. what I’m wants progress So, to just start know I everyone with hear about
for some strategy I using do with the of provide probably launch, not give I’m And now fact right importantly, can with the where being additional of on part all I that Now, ever pandemic. given our plays to are to with you even continue ROSA, that the I importantly, on feedback we we to the business. also that system. again, are give a clouds, ROSA surgeons strong an guess, getting tell from impacts obviously, demand to while insights important our very we’re it’s robotics and level into COVID associated the you, basis. And very just the hidden And the I’m going good through want detail you go-forward about see
a just year now And launch have into in of so seeing the very about a business, about news we And Systems unit. going units, ROSA those utilization XXX globe. from launch. the I we’re about away that the is, strong to our say, full So, we’re out per now was good year Knee with
to pace But are at so relative cases unit. volumes some not this result X,XXX-plus of more in has newly just quarter. XXXX. same context, of And the quarter we’re of very the I we’re to on to a way, And there really the that’s And that add we’re utilization I seen that per it procedural yet. getting up of volume that about out have volumes than while, of seeing seeing, been kind pandemic. the and just as into inside And that double for those seeing a pressure elective by procedures procedural doing if growth, on good fourth the the we we’re look put the current that’s per you’re placed, would be now
a got whole the bunch active number we’ve a in that, companies to addition active of accounts pipeline, In pipeline. in of our
in between very will on XXX of we’ll don’t XXX accounts we in of systems the disappointed the out that based volume this of the market fall end year. by be Some out, but have pipeline, ROSA and those if
So, COVID and very-strong even both, on I remain track this we of would actually and expectations in system continue of environment. momentum for slightly placements just the to pressure procedures, say, for keep with our ROSA, ahead
ROSA So, the good news obviously on front.
of and Revision play that saw the Another seeing play floor. story and is second great in strong out prowess example Persona the we’re out commercial innovation
is of importantly, system in current revision important very-positive important. the not, which again, the make want focusing. that receiving that sure brings around patient we’re But, the instruments in plan, users, personalized for of of which services, is the remarks this in very ease-of-use that to is unique from launch feedback Persona system, all procedure, this are where it a ability which around the ahead the or intuitive the table seeing Persona of and system, excitement even positive and to provide a key we’re the to fit areas have, significant from really do we of of some is Our the marketplace. well benefits precision more a revision more competitive we and of lot which also remarks In the of excitement believe and the nature is
perspective, So, the successful our in to date for just Persona most QX the quarter expectations and delivered surpassed since Revision launch.
the repeat the by for outside on close And to pandemic. anticipated been impacted launched, most already The originally which context, a this to the is during support that. to trajectory that most for is that. launch of in of quarter product very-robust that’s kind demand. revenue We million the QX, successful $XXX is It’s doubled demand date even have in since the Let’s instrument sets still again, XXXX. reach to quarter
Some cannibalized of XX%. cannibalize the revenue. be I capitalization that’s rate out, as to expect, be about going would you to And
track team or even talked And extremities traction, in do commercial on to dedicated quite Planner shoulder in to XXXX, would again, $XXX that our again, about Signature that XX% of our to very-pleased bit. we driving focus we’ve a expect system I’ve on also And I about have as continues ONE million QX. been revenue. for So, close and cannibalization very it our continued gain
And in opportunities. you system to up just family and guides, QX ONE perspective enables XX% with recent of nearly We’ve implants registrations, FDA the the integration our increased portability system. our some surgeon more clearance of open even greater to QX. that Now, for give sequentially also of also going over Signature even that’s increased
that surgeons walking to trying iPad still you also it the you so iPhone, you want. really in out the can so your the system, computer, which an can it use it you’re open make or on of and We’re portability, more but use surgery that and put that on room, architecture, can operating my if increase
mymobility. finally, franchise and success the that will So, our shoulder have system we’re on there. about And again this our then, impact excited
Our And prime this what this also Again, the helps better of ensuring of idea help before, that is are collection to happen we virtually. allowing happen that forward, to for and will the journey. now is when to and It’s In gauge ultimately even but requirements team that remote the care innovation this that because example with link really pretty that’s it’s a surgeon and personalized better development patient the as will points than in be functionality change decisions. in big research investment Apple that in mymobility, fall. telemedicine that’s Apple able the have to announced most with patient-specific and patient be data communication quality of a and tech application. patient. more on new data and focusing the they that a importantly, a the development, it something. system a make provide our continues decisions of step can best partnership And personalized intended, adherence with is no with provide care the of we information pun pushed analysis experience the collection next the care with exciting advances, advancing collecting and how post-patient data to result drive do And patient-physician June, to having mymobility, that very going truly we’re to was need within ultimately and The the patient actually we that and improve pre space. going wave believe to
functionality the allowing care. for does especially because So, and this virtual now engaged, environment allow and effective in right COVID remote mymobility interesting is demand for seeing today’s we’re patient it that significant
we some additional clearly giving this were steam in the pandemic, excited mymobility, about but we’re the certainly So, marketplace. us before is
of So, saw the what probably execute. in assumptions does, year. COVID-XX I key to we’re continue understand, focus COVID-XX about and are and the QX we for ability near-term moving think rest everybody about we the And this to area encouraged to uncertainty confident the talk our of call, our But that brings. and earnings I modeling to in want second for
obviously impact also on we experience impact we’re submarkets. COVID actual sharpening It’s markets Our of changing. more seeing procedures, various our thinking evolving, is over regarding it’s as its and on time, the and
talking to refine pay explain so, that based can and about it attention three think I thinking to. think we here that And we’re by major knowledge on I’d like got about variables that getting, just to our really we’ve
variables those attention we’ve then, to. pay would and for One us that headwinds two pandemic, of be by to the tailwind would be created a got
we the at this to continue already It’s That’s revenue, value value worth million just for million $XXX that So, on $XXX will two of the rates. for capacity to the recurrence and think I are would I factor would future policy around variables million specifically an we and and I decisions we decisions have that’s and out procedures threats. So, that roll $XXX And second talk deferred until grow the play fear specific the patients less the backlog the grow is the unemployment this we’re continuing to would that’s one market just continues that then just be the about would and recurrence recurrence important the having to worth about elective of built. procedures, right the deferred These material, patient Relative an are that look standpoint, patient that it’s factors, rate concerns One backlog those note the approximate instance, I to From approximate going be fear growth value happen. saw given tailwind, and impacting I created. on to really policy virus. building in initial normal unemployment that And would that continues think, $XXX where revenue. a first, grow the when bed least and to that backlog to capacity about Relative we returns based impact backlog significant be in this to are ways, seeing both, already the go. going in beginning of determining market recurrence seeing would the out, is it’s that having now. of this the ways. really actual impact could to currently we it directly ZB, say company kind in million say bed okay? at or headroom of two I about about revenue. decisions that for that headwinds, the be around to patient on the two think the the backlog, impact virus in think most policy to
a just takeaway you continue described, I���m paying to variables attention out than would am half in as key just QX. on they lot really more in are QX, through the we today, giving sequential seen expect would If likely but improvement the these pace continue at of that back -- So, QX a I XXXX, I of the modest variables information play too. that
just to non-variables vast it the for significant we majority if is they the eventually be this is these important two didn’t vaccine of that I that, this become a modest what disease, progressive of that so a tailwind become as become improvement today, once important headwinds but disease. vast in we’re up, half, repeat saw either that thing are reasons, And these a a treatment play the for lost, get variables just the business, remembering continue our absolutely another sequential just is to eventually patients think in most those available. and deferred for today, reenter is majority progressive of Just tailwind out equation, result in that QX bring patients procedural a of funnel described, as a the of expect And we to will that the that this of And us. continue would the nature the back aspect pace. would sometimes I more it’s seeing to
tell can you my relatively also like I’d about which And for simple. third long-term is our category, spend time strategy that portion today is a talking I of the to growth. Finally, plan our
businesses treated before. me Not going are the about all to it heard be of our talk You’ve same.
to or to in invested not all us, the are they’re going businesses our managed important but be of All same.
of the make most growth centered improving prioritized have of areas strategically around patient to business. We to continue innovation, drive we’re very-disciplined going investments our these. and high innovation scale business relevant and and also we to there in one in given growth And size just the market drive must our of ahead to going we that focus pillar this Number driving this by achieve be -- providing informatics, aggressively here. efficiencies. about. talked above but procedure one, revision in more I and and sub-markets areas. just long-term before, most market growth need like to we’re have in to do quartile of And robotics, these performance and TSR, for to for us, the growth number of And said data yes, fastest we And strategic top key focusing intently outcomes knee,
would be the would expect they of in receive but growth maybe investment S.E.T. for Next, these at-market for of level short-term other the our consistent need that we end S.E.T. again at happen a attention areas. And same sub point, in to [ph] this the those see these finally, need future least will range to of attractive market by businesses, see managed That’s to focusing that of our robotics need will of and market elements we then, not this growth in line, with we lower transitioning deliver space. consistently in Also, above actually for our drive hips us, do businesses the business. drive performance going as in for that the while more at-market most market And we’re to performance marking short-term. at-market, our end and to still higher in We launch all at to differently,
Okay.
we is these our of in mid-single-digits time, pursuit on And and I’ve about way the businesses possible. that’s we’re our invest to we organic consistent the going just rates that way that sustainable believe growth them. absolutely markets, as and over described, So, focusing by think
year. same focus to us. our restructuring the this Now, to long-term and our needed investment and comes we on outlined strategy, fuel what earlier to And drive when remains the growth with last program. time, margin over execute the to XXXX for it drive growth, long-term to it this this expansion and M&A we’ve be is at key And is continued piece, in time, and consistent going
to be at high-growth we factor an going integrate continue will grade We the while The here to where a also tuck-in least have rating. and operationalize, areas focus can to believe maintaining deals and win. outset the size a truly preference, at is with investment easily that on a toward areas as well we we right
from And, we So prospects. feel long-term current overall, in and already COVID, our in I recovery think learned obvious, our strength execution, confident it’s so the COVID-XX. business pace from much we’ve in of growth
the While challenge impacted I business our to the variables accelerate me, us the we believe that, trust end leveraging into want COVID day, our it’s that financial transformation. Suky And turn Suky? none And But learnings path caution. face, get would focus fact is, the on we At that ZB with demand, culture. it’s associated call about team ZB’s it And do with the no that are of a engagement to positively very forward. of details. lot more that there’s a to make has optimistic believe strategy. we of I’ll of really to will short-term reinforced strength over level our of and One mistake, a our our