Vicarious Surgical Reports Third Quarter 2021 Financial Results WALTHAM, Mass.--(BUSINESS WIRE)-- Vicarious Surgical Inc. ("Vicarious Surgical" or the "Company") (NYSE: RBOT, RBOT WS), a next-generation robotics technolo

Vicarious Surgical Reports Third Quarter 2021

WALTHAM, Mass.--(BUSINESS WIRE)-- Vicarious Surgical Inc. ("Vicarious

Surgical" or the "Company") (NYSE: RBOT, RBOT WS), a next-generation robotics technology company seeking to improve

patient outcomes as well as both cost and efficiency of surgical procedures, today announced third quarter 2021 financial results.

"This quarter marks our entry into the public

markets, and I am incredibly proud of our teams and employees for their contributions to our company's growth to-date. We are well

positioned to continue development of our next generation robotics system and are also pleased to announce that we have just filed a detailed

regulatory plan in the form of a pre-submission to the FDA," said Adam Sachs, CEO of Vicarious Surgical. "We remain committed

to transforming outcomes for surgeons and patients alike, and today, we are one step closer."

Third Quarter 2021 Financial

Vicarious Surgical will host

a conference call at 4:30 p.m. ET on Monday, November 8, 2021 to discuss its third quarter 2021 financial results. The call may be accessed

through an operator by dialing 1 (646) 904 5544 for domestic callers or + 1 (929) 526 1599 for international callers, using access

code: 628160. A live and archived webcast of the event will be available at https://investor.vicarioussurgical.com/.

About Vicarious Surgical

Founded in 2014, Vicarious Surgical is a next-generation robotics company

developing a disruptive technology with the goals of increasing the efficiency of surgical procedures, improving patient outcomes and

reducing healthcare costs. The Company's novel surgical approach uses a combination of proprietary human-like surgical robots and

virtual reality to transport surgeons inside the patient to perform minimally invasive surgery. The Company's technology was granted

Breakthrough Device Designation by the FDA, and Vicarious Surgical believes the Vicarious System is the first surgical robot to receive

this designation from the FDA. The Company is led by an experienced team of technologists, medical device professionals and physicians,

and is backed by technology luminaries including Bill Gates, Vinod Khosla's Khosla Ventures, Innovation Endeavors, Jerry Yang's

AME Cloud Ventures, Sun Hung Kai & Co. Ltd and Philip Liang's E15 VC. The Company is headquartered in Waltham, Mass. Learn more

at www.vicarioussurgical.com.

Use of Non-GAAP Financial Measures

In addition to providing financial measurements that have been prepared

in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"), Vicarious Surgical

provides additional financial metrics that are not prepared in accordance with U.S. GAAP ("non-GAAP"). The non-GAAP financial

measures included in this press release are Adjusted Net Loss and Adjusted Earnings Per Share ("Adjusted EPS", together "Non-GAAP

Financial Measures"). The Company presents Non-GAAP Financial Measures in order to assist readers of its consolidated financial

statements in understanding the core operating results that its management uses to evaluate the business and for financial planning purposes.

Vicarious Surgical's Non-GAAP financial measures provide an additional tool for investors to use in comparing its financial performance

over multiple periods.

Adjusted Net Loss and Adjusted EPS are key performance measures that

Vicarious Surgical's management uses to assess its operating performance. These Non-GAAP Financial Measures facilitate internal

comparisons of the Vicarious Surgical's operating performance on a more consistent basis. Vicarious Surgical uses these performance

measures for business planning purposes and forecasting. Vicarious Surgical believes that the Non-GAAP Financial Measures enhance an investor's

understanding of Vicarious Surgical's financial performance as it is useful in assessing its operating performance from period-to-period

by excluding certain items that Vicarious Surgical believes are not representative of its core business.

The Non-GAAP Financials Measures may not be comparable to similarly

titled measures of other companies because they may not calculate this measure in the same manner. Adjusted Net Loss and Adjusted EPS

are not prepared in accordance with U.S. GAAP and should not be considered in isolation of, or as an alternative to, measures prepared

in accordance with U.S. GAAP. When evaluating Vicarious Surgical's performance, you should consider the Non-GAAP Financial Measures

alongside other financial performance measures prepared in accordance with U.S. GAAP, including net loss.

The Non-GAAP Financial Measures do not replace the presentation of

Vicarious Surgical's U.S. GAAP financial results and should only be used as a supplement to, not as a substitute for, Vicarious

Surgical's financial results presented in accordance with U.S. GAAP. In this press release, Vicarious Surgical has provided a reconciliation

of Adjusted Net Loss to net loss, the most directly comparable U.S. GAAP financial measure and the calculation for Adjusted EPS. A reconciliation

of Adjusted Net Loss to corresponding U.S. GAAP measures is not available on a forward-looking basis because Vicarious Surgical is unable

to predict with reasonable certainty the impact of earnings or charges resulting from matters Vicarious Surgical considers not to be reflective,

on a recurring basis, of its ongoing operations, and other such items without unreasonable effort, such as changes in future fair value

of warranty liabilities that have been excluded from historical Adjusted Net Income. These items are uncertain, depend on various factors,

and could be material to the Vicarious Surgical's results computed in accordance with U.S. GAAP. Management strongly encourages

investors to review Vicarious Surgical's financial statements and publicly-filed reports in their entirety and not rely on any single

Forward-Looking Statements

This press release includes

"forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private

Securities Litigation Reform Act of 1995. The company's actual results may differ from its expectations, estimates, and

projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. All

statements other than statements of historical facts contained herein, including without limitation the statements under

"Financial Guidance", and the quotations of our Chief Executive Officer regarding Vicarious Surgical's

opportunity, among other things, are forward-looking statements that reflect the current beliefs and expectations of management.

These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ

materially from those discussed in the forward-looking statements. Most of these factors are outside Vicarious Surgical's

control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the impact of

COVID-19 on Vicarious Surgical's business; changes in applicable laws or regulations; the ability of Vicarious Surgical to

raise financing in the future; the success, cost and timing of Vicarious Surgical's product and service development

activities; the potential attributes and benefits of Vicarious Surgical's products and services; Vicarious Surgical's

ability to obtain and maintain regulatory approval for the Vicarious System, and any related restrictions and limitations of any

approved product; Vicarious Surgical's ability to identify, in-license or acquire additional technology; Vicarious

Surgical's ability to maintain its existing license, manufacture, supply and distribution agreements; Vicarious

Surgical's ability to compete with other companies currently marketing or engaged in the development of products and services

that Vicarious Surgical is currently marketing or developing; the size and growth potential of the markets for Vicarious

Surgical's products and services, and its ability to serve those markets, either alone or in partnership with others; the

pricing of Vicarious Surgical's products and services and reimbursement for medical procedures conducted using its products

and services; the company's estimates regarding expenses, revenue, capital requirements and needs for additional financing;

the Vicarious Surgical's financial performance; and other risks and uncertainties indicated from time to time in Vicarious

Surgical's filings with the SEC. Vicarious Surgical cautions that the foregoing list of factors is not exclusive. The company

cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Vicarious

Surgical does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any

forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which

any such statement is based.

1 As of the date of this press release, Vicarious

Surgical is not aware of any surgical robotics company that has received Breakthrough Device Designation for a full robotics system.

Press and Media Inquiries:

Matter Communications

VICARIOUS SURGICAL INC.

UNAUDITED CONDENSED STATEMENTS OF OPERATIONS

(in thousands except, per share data)

UNAUDITED CONDENSED BALANCE SHEETS

(in thousands, except share and per share data)

VICARIOUS SURGICAL INC.

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL

(in thousands except per share data)

Adjusted net loss and Adjusted EPS