In the earnings report out yesterday, the India-based robotic surgery company reported a net loss of $2.7 million, or 1¢ per share, on revenue of $13.9 million for the three months ended June 30, 2026. Losses were tenfold what they were in Q2 2025, while revenue was up 39.4%.
Revenue beat The Street’s consensus of $11.7 million estimate, with analysts on average expecting the penny EPS loss.
As of midday today, SSII shares were up more than 2% to $3.88 apiece this week on the earnings news. The S&P 500 was up 0.38%.
“SS Innovations delivered record quarterly revenue…reflecting strong adoption of our advanced SSi Mantra surgical robotic system by leading hospitals and surgeons in India and abroad,” said Dr. Sudhir Srivastava, chairman of the board and chief executive officer of SS Innovations. “We continue to expand awareness of the SSi Mantra’s cutting-edge surgical robotic technology, differentiated features, user friendliness, training capabilities, and cost efficiency.”
The company reported 30 new installations of its SSi Mantra surgical robotic systems in the second quarter, up 30.4% from 23 installations in the second quarter of 2025. The company’s install base now totals 224 systems across 12 countries, which have performed over 12,200 surgeries total.
SS Innovations did not provide a specific financial forecast, but Dr. Srivastava noted that the company intends to expand its market presence in India and its global footprint. The company is targeting approval for its systems in the United States and European Union.
“We expect the U.S. Food and Drug Administration to complete its review of our 510(k) premarket notification for the SSi Mantra by the end of the first quarter of 2027,” Dr. Srivastava said. “We also continue along the pathway towards a European Union CE marking certification for the SSi Mantra, which we believe we can obtain by the end of 2026. Our SSI Mantra has been engineered for precision, built to perform, and created to democratize access to advanced surgical robotic care—all underpinning our confidence in the future.”
