Mazor Robotics Reports Record First Quarter Results

 

 

Mazor Robotics Ltd.

CONSOLIDATED STATEMENT OF INCOME

(U.S. Dollars in thousands, except per share data)






Three month period




ended March 31,




2018

(Unaudited)



2017

(Unaudited)

Revenue



$

15,507



$

11,719










Cost of revenue



$

6,465



$

4,149










Gross profit



$

9,042



$

7,570










Operating costs and expenses:









Research and development, net



$

2,387



$

1,792

Selling and marketing



$

6,081



$

9,893

General and administrative



$

2,022



$

1,571

Total operating costs and expenses



$

10,490



$

13,256










Loss from operations



$

(1,448)



$

(5,686)










Financing income, net



$

172



$

211










Loss before taxes on income



$

(1,276)



$

(5,475)










Income tax expense (benefit)



$

1



$

(243)










Net loss



$

(1,277)



$

(5,232)










Net loss per share - Basic and diluted



$

(0.02)



$

(0.11)










Weighted average common shares
outstanding - Basic and diluted




52,367




47,750


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