Mazor Robotics on a roll

by Frank Tobe

25 November 2013

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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.

tags: c-Business-Finance, cx-Health-Medicine, Service Professional Medical Surgery

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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