Mazor Robotics Ltd – ADR (NASDAQ: MZOR) is having an incredibly strong start to the trading session today, and for good reason. The company released preliminary results for the second quarter, leading to excitement among investors and gains in the stock. As is normally the case, our partners at Trade Ideas were the first to alert us to the movement. At the moment (10:12), MZOR is trading at $38.00 per share after a gain of $2.21 per share or 6.17% thus far today.
MZOR Gains On Preliminary Results
As mentioned above, Mazor Robotics is having a great start to the trading session this morning. The company released preliminary results with regard to the second quarter. In their release, MZOR said that they expect to report record revenue of about $15.4 million for the second quarter. That’s incredible growth over the $8.3 million reported in the same quarter last year. The company said that during the quarter, it received a total of 19 systems purchase orders; 16 of these orders were for the Mazor X™ system for customers in the United States. In a statement, Ori Hadomi, CEO at MZOR, had the following to offer:
“Our second quarter performance reflects the market’s enthusiasm for the Mazor X system and demand continues to grow… The sales momentum and the successful execution of our growth strategies, supported by ongoing product innovation and the recent leadership additions and organizational steps, position Mazor for sustainable growth.”
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on MZOR. In particular, we’re interested in the final results for the second quarter as well as the continued growth in demand for the company’s systems. We’ll continue to follow the story closely and bring the news to you as it breaks!
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