Advertisement
U.S. markets close in 4 hours 20 minutes
  • S&P 500

    5,252.04
    +3.55 (+0.07%)
     
  • Dow 30

    39,772.91
    +12.83 (+0.03%)
     
  • Nasdaq

    16,391.66
    -7.86 (-0.05%)
     
  • Russell 2000

    2,128.65
    +14.30 (+0.68%)
     
  • Crude Oil

    82.62
    +1.27 (+1.56%)
     
  • Gold

    2,235.60
    +22.90 (+1.03%)
     
  • Silver

    24.99
    +0.23 (+0.94%)
     
  • EUR/USD

    1.0807
    -0.0022 (-0.21%)
     
  • 10-Yr Bond

    4.1910
    -0.0050 (-0.12%)
     
  • GBP/USD

    1.2638
    -0.0000 (-0.00%)
     
  • USD/JPY

    151.1540
    -0.0920 (-0.06%)
     
  • Bitcoin USD

    71,051.16
    +1,792.12 (+2.59%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,970.27
    +38.29 (+0.48%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

Mako Surgical says 2Q surgical procedures grow

Mako Surgical takes bigger 2nd-quarter loss, while Rio surgical procedures rose 26 percent

FORT LAUDERDALE, Fla. (AP) -- Medical device maker Mako Surgical Corp. posted a larger second-quarter loss on Tuesday, but said surgical procedures performed with its Rio system improved.

The company's shares rose $1.02, or 8.2 percent, to $13.45 in after-hours trading.

Mako reported a loss of $19.7 million, or 42 cents per share. A year ago it lost $8.5 million, or 20 cents per share. Revenue grew 19 percent, to $28.2 million. The company said procedure revenue rose 26 percent to $16.4 million, and revenue from system sales and service was up by smaller amounts.

Analysts forecast a loss of 21 cents per share on $28.9 million in revenue, according to FactSet.

The company's Rio systems are used to help plan and execute hip and knee surgeries. They include software, a robotic arm and other surgical instruments. Mako said surgical procedures grew 26 percent to 3,274. It sold 10 Rio systems during the quarter and has sold 171 in total.

Advertisement