Tag: Intuitive Surgical

Intuitive Surgical down in Q4, sees 4% growth year-over-year

Intuitive Surgical today announced preliminary fourth quarter and full year 2013 financial results, which showed that following a year in which the company faced mounting criticism over aggressive marketing tactics and under-reported complications, it still made a lot of money. Intuitive expects fourth-quarter revenue of approximately $576 million, down about 5 percent from $609 million

Surgical robots simultaneously break ground, endure scrutiny

Yesterday Mazor Robotics announced the world’s first (and second, and third) successful robot-aided deep brain stimulation (DBS) procedures. Using Mazor’s Renaissance robotic guidance system, neurosurgeon Nizam Razack performed the procedure at Celebration Health Hospital in Orlando, Fla. DBS, a recognized treatment for Parkinson’s Disease, involves surgically implanting a small battery-operated neurostimulator to deliver electrical stimulation

Mazor Robotics Q2 revenue doubles, beats estimates

Israeli surgical robotics firm Mazor Robotics yesterday reported promising financial results despite a net loss for second-quarter 2013, which ended June 30. According to CEO Ori Hadomi, “Our strong financial performance, highlighted by the revenue increase and gross margin expansion, demonstrates continued global adoption of our Renaissance systems as we ended the second quarter with 54

Mazor Robotics doubles Q1 revenue, focuses on U.S.

The biggest name in robot-assisted surgery is Intuitive Surgical, whose da Vinci Surgical System has been installed in more than 2,000 hospitals since its introduction in 1999. However, with sales of medical robots topping a billion dollars annually (Intuitive itself reported revenue of $611 million in its most recent quarter) and expected to grow, they are