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MAKO Surgical Corp. Message Board

  • donknute donknute Jul 30, 2013 4:08 PM Flag

    Q2 Earnings Release:

    -.20 eps if you back out one time ex-item(s).

    FORT LAUDERDALE, Jul 30, 2013 (GLOBE NEWSWIRE via COMTEX) --

    Second Quarter 2013 Highlights.20
    Second quarter revenue totaled $28.2 million, a 19% increase over the same period in 2012

    Ten RIO(R) systems sold in the second quarter, of which eight were sold to domestic customers

    A total of fifteen RIO systems sold worldwide in the first six months of 2013, increasing worldwide commercial installed base to 171 RIO systems and domestic commercial installed base to 164 RIO systems

    3,274 MAKOplasty(R) procedures performed in the second quarter, a 26% increase over the same period in 2012

    6,262 MAKOplasty procedures performed in the first six months of 2013, a 28% increase over the same period in 2012

    Sentiment: Strong Buy

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    • Sorry, -.20 eps was 2012 comparison. If anyone has it figured out without the $6.9M non-expense chg pls post. Thx.

      Sentiment: Strong Buy

    • Great. 10 RIOs. People were expecting 9.

    • RIO Systems - Ten RIO systems were sold during the second quarter, of which eight were sold to domestic customers and two were sold through international distributors in Italy and Turkey. The revenue associated with one RIO system sold to and customer accepted by our Italian distributor will be deferred until all revenue recognition criteria are satisfied. These ten RIO systems bring MAKO's worldwide commercial installed base of RIO systems to 171 systems and domestic commercial installed base to 164 systems as of June 30, 2013. At the end of the quarter, MAKO had 164 MAKOplasty sites worldwide. Nine MAKOplasty total hip arthroplasty, or THA, applications were sold during the quarter, six of which were sold with new RIO systems sales and three of which were sold as upgrades to existing customers with knee-only commercial systems. As of June 30, 2013, 111 RIO systems, or 65% of the worldwide commercial installed base, have the MAKOplasty THA application.

      MAKOplasty Procedure Volume - During the second quarter, 3,274 MAKOplasty procedures were performed, of which 3,125 were performed at domestic sites and 577 were THA procedures. The 3,274 MAKOplasty procedures performed represent a 10% increase over the procedures performed in the first quarter of 2013 and a 26% increase over the procedures performed in the second quarter of 2012. The 577 THA procedures performed represent a 24% increase over the THA procedures performed in the first quarter of 2013 and a 106% increase over the THA procedures performed in the second quarter of 2012. The average monthly utilization per site for all MAKOplasty procedures was 7.0 procedures during the second quarter of 2013, an increase from 6.6 procedures during the first quarter of 2013. Through June 30, 2013, approximately 29,000 procedures had been performed since the first procedure in June 2006.

      Sentiment: Strong Buy

 
MAKO
29.990.00(0.00%)Dec 16 4:00 PMEST

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