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Product / Company Performance

Pre-launch Orders for Mazor X System -

Mazor has received pre-launch purchase orders for 3 Mazor X spine surgery guidance systems during 3Q16 ahead of its launch at the end of October 2016.

For 3Q16, the company logged 25 system purchase orders including:

  • Three U.S. Mazor X pre-orders, slated for delivery by end of 1Q17
  • Four U.S. Renaissance system orders (already delivered)
  • Three Renaissance systems ordered by ex-U.S. distribution partners
  • 15 Mazor X systems ordered by Medtronic, four of which were delivered in 3Q16

During the third quarter, Mazor delivered a previously-ordered Renaissance system to a distribution partner in the international market.

The company has implemented a policy allowing new Renaissance system customers to exchange to the Mazor X following its launch, and expects total 3Q16 revenue, including system sales and recurring revenue, to be ~US $7.5MM.

Sources: Mazor Robotics Ltd.; ORTHOWORLD Inc.

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