Mazor Robotics Reports Third Quarter Financial Results

   

Mazor Robotics Ltd.

CONSOLIDATED STATEMENT OF PROFIT OR LOSS

(in thousands, except per share data)

(Unaudited)

 
Nine month period
ended September 30,
Three month period
ended September 30,
2016   2015 2016   2015
Revenue $ 22,336 $ 17,278 $ 7,633 $ 4,965
 
Cost of revenue $ 6,182   $ 3,887   $ 2,616   $ 1,195  
 
Gross profit $ 16,154   $ 13,391   $ 5,017   $ 3,770  
 
Operating expenses:
Research and development, net $ 4,027 $ 4,739 $ 785 $ 1,579
Selling and marketing $ 22,781 $ 17,832 $ 8,125 $ 6,213
General and administrative $ 4,072   $ 3,233   $ 1,660   $ 1,103  
Total operating expenses $ 30,880 $ 25,804 $ 10,570 $ 8,895
 
Loss from operations $

(14,726

)

$ (12,413 ) $ (5,553 ) $ (5,125 )
 
Financing income (expense), net $ 345   $ 92   $ 142   $ (28 )
 
Loss before taxes on income $ (14,381

)

$ (12,321 ) $ (5,411 ) $ (5,153 )
 
Taxes on income (tax benefit) $ 21 $ 154 $ (188 ) $ 64
               
Net loss $ (14,402 ) $ (12,475 ) $ (5,223 ) $ (5,217 )
 
Net loss per share – Basic and diluted $ (0.33 ) $ (0.30 ) $ (0.11 ) $ (0.12 )
 
Weighted average common shares outstanding – Basic and diluted   43,981     42,262     46,159     42,326  



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