Vicarious Surgical adds two new directors to board

WALTHAM, Mass. - Surgical robotics company Vicarious Surgical Inc. (NYSE:RBOT), currently valued at $1.59 billion and showing strong momentum with a 27.61% gain last week, announced Monday the election of Fuad Ahmad and Joseph Doherty to its Board of Directors during the company’s annual stockholder meeting held on June 27. According to InvestingPro analysis, the stock appears to be approaching its Fair Value.

The company, which is developing technology for minimally invasive surgery and maintains a strong financial health score according to InvestingPro metrics, also announced the departure of board member Ric Fulop after five years of service.

Ahmad brings financial leadership experience as a partner at FLG Partners since 2013 and previously served as CFO at several public companies including Iridex Corporation (NASDAQ:IRIX), Mitek Systems (NASDAQ:MITK), and Vaxart, Inc. (NASDAQ:VXRT). His background includes significant experience in fundraising, having helped secure over $1.5 billion in financing initiatives at Globalstar Inc. (NASDAQ:GSAT).

Doherty currently serves as CEO of Worcester City Campus Corporation and previously held leadership positions at Scapa Healthcare and Olympus Surgical Technologies America. His experience includes over 24 years at Johnson & Johnson (NYSE:JNJ), where he rose to Vice President of Integration and Transformation.

"Their decades of experience and insight will be instrumental as we continue our advance towards our clinical trial and the eventual commercialization of our platform," said Adam Sachs, CEO and Co-Founder of Vicarious Surgical, in a press release statement.

Founded in 2014, Vicarious Surgical is developing proprietary human-like surgical robots designed to virtually transport surgeons inside patients during minimally invasive procedures. The company is headquartered in Waltham, Massachusetts. For detailed financial analysis and additional insights, investors can access comprehensive research reports and real-time metrics through InvestingPro.

In other recent news, Worthington Steel Inc. reported impressive financial results for the fourth quarter of fiscal year 2024, significantly outperforming analyst expectations. The company’s earnings per share (EPS) reached $1.05, surpassing the forecast of $0.69, while revenue came in at $833 million, exceeding the anticipated $725 million. This strong performance reflects the company’s effective cost management and strategic market positioning. Worthington Steel has also expanded its presence in the electrical steel market, anticipating continued growth in the automotive sector. Additionally, the company has completed the acquisition of a 52% ownership stake in CEDUM, a European electrical steel lamination manufacturer, enhancing its position in the European market. Looking ahead, Worthington Steel expects inventory holding gains of $5-10 million in Q1 FY2026 and plans capital expenditures of $100 million in fiscal 2026. The company remains optimistic about market conditions, with a strategic focus on the electrical steel and electrification markets.

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