Mazor Robotics (MZOR) Tops Q2 EPS by 9c

Mazor Robotics (NASDAQ: MZOR) reported Q2 EPS of ($0.04), $0.09 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $7.8 million versus the consensus estimate of $6.47 million.

Revenue commentary:

U.S. generated revenue increased to $6.5 million compared to $3.1 million in the year-ago second quarter, as the Company sold six Renaissance system in the U.S. market during the second quarter of 2015 compared to two systems sold in the 2014 second quarter. International revenue decreased to $1.3 million from $1.4 million reported in the second quarter of 2014. The Company sold one Renaissance system and one upgrade (from the Company’s predecessor SpineAssist) in the international market compared to two systems sold in the 2014 second quarter. Recurring revenue from system kit sales, services and other increased to $3.2 million in the second quarter of 2015, representing a 48% increase compared to $2.1 million in the second quarter of 2014, mainly attributed to increased utilization of the Renaissance system.

For earnings history and earnings-related data on Mazor Robotics (MZOR) click here.

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