Mazor Robotics on a roll
by
Frank Tobe
Mazor Robotics’ stock (NASDAQ:MZOR and TASE:MZOR) has steadily rolled up 260% year-to-date.
Earnings report for Q3 shows a 51% increase in revenue over last year. The Israili-based company develops and markets surgical robots and complementary products. They sold 16 Renaissance systems so far in 2013; the Renaissance is a state-of-the-art mechanical guidance system for spinal surgeries.
Mazor recently filed with the SEC for a $46 million IPO in an ADR offering on NASDAQ with the funds being earmarked to expand the company’s sales and marketing network in the US.
Frank Tobe
guest author
Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.
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