Vicarious Surgical Reports Third Quarter 2024 Financial Results WALTHAM, Mass.-- (BUSINESS WIRE)

Vicarious Surgical Reports Third Quarter 2024

WALTHAM, Mass.-- (BUSINESS WIRE) - November 12, 2024 -

Vicarious Surgical Inc. ("Vicarious Surgical" or the "Company") (NYSE: RBOT, RBOT WS), a next-generation robotics

technology company seeking to improve lives by transforming robotic surgery, today announced financial results for the quarter ended September

30, 2024. Management will host a corresponding conference call at 4:30 p.m. ET today, November

"Our team's strong execution throughout

the year, continuing in the third quarter, has us on track to achieve our Version 1.0 System integration milestone within the next few

weeks," said Adam Sachs, Co-Founder and Chief Executive Officer. "This sets the stage for us to complete our first clinical

patient in less than a year, a critical step that we believe will demonstrate the immense clinical value of our single-port robotic system

for both patients and surgeons."

Quarter 2024 Financial Results

Full Year 2024 Cash Burn Guidance

Vicarious Surgical will host

a conference call today, Tuesday, November 12, 2024, at 4:30 p.m. ET to discuss its third quarter 2024 financial results. The call may

be accessed through an operator by dialing +1 833-470-1428 for domestic callers or +1 404-975-4839 for international callers, using

access code: 246564. 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 unique disruptive technology with the multiple goals of substantially increasing the efficiency of surgical procedures, improving

patient outcomes, and reducing healthcare costs. The Company's novel surgical approach uses proprietary human-like surgical robots

to virtually transport surgeons inside the patient to perform minimally invasive surgery. 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, Massachusetts. 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 Net Loss Per Share ("Adjusted

EPS", and together with Adjusted Net Loss, "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 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

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 quotations of our Chief Executive Officer regarding Vicarious Surgical's opportunity,

timeline for achieving our Version 1.0 System integration and timeline for completing our first clinical patient, 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 ability to maintain the listing of Vicarious Surgical's Class A common stock

on the New York Stock Exchange; the approval, commercialization and adoption of Vicarious Surgical's initial product candidates

and the success of its single-port surgical robot, called the Vicarious Surgical System, and any of its future product candidates and

service offerings; 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 product candidates and services; Vicarious Surgical's ability to obtain and maintain regulatory approval

for the Vicarious Surgical System, and any related restrictions and limitations of any approved product; the size and duration of human

clinical trials for the Vicarious Surgical System; 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 product candidates and

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

product candidates and services and reimbursement for medical procedures conducted using its product candidates and services; the company's

estimates regarding expenses, revenue, capital requirements and needs for additional financing; Vicarious Surgical's financial performance;

economic downturns, political and market conditions and their potential to adversely affect Vicarious Surgical's business, financial

condition and results of operations; Vicarious Surgical's intellectual property rights and its ability to protect or enforce those

rights, and the impact on its business, results and financial condition if it is unsuccessful in doing so; 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.

VICARIOUS SURGICAL INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except share and per share data)

VICARIOUS SURGICAL INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share data)

VICARIOUS SURGICAL INC.

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL

(in thousands, except share and per share data)

Adjusted net loss and Adjusted EPS