Caesarea, Israel-based Mazor said it expects to post revenues of roughly $15.4 million for the 3 months ended June 30, which would be a 85.5% increase over the same period last year and 24.6% above the consensus estimate on Wall Street.
The news boosted MZOR shares, which closed yesterday up 4.9% at $35.79 apiece, another 6.5% to $38.10 per share in pre-market trading today.
“Our second-quarter performance reflects the market’s enthusiasm for the Mazor X system and demand continues to grow,” CEO Ori Hadomi said in prepared remarks. “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.”
Mazor said it fielded orders for 19 systems during the quarter, including 16 in the U.S. for the Mazor X platform. Of those, seven were trade-ins to replace previously sold Renaissance systems. The other three orders were for Renaissance devices, including one in the U.S., the company said.
Full second-quarter results are slated to be released August 1, Mazor said.