Mazor Robotics Q2 miss pressures shares, down 11% premarket

|About: Mazor Robotics Ltd. (MZOR)|By:, SA News Editor

Mazor Robotics (NASDAQ:MZOR) sinks 11% premarket on average volume after posting Q2 results that fell short of consensus. Highlights:

Revenues: $13.2M (-14.8%) mainly due to the low transfer price to distributor Medtronic. Gross margin slipped to 56.1% from 69.4% a year ago.

Cash flow ops was ($6.5M) compared to ($7.4M) a year ago reflecting lower cash expenditures.

Loss/share was ($0.10), an improvement of $0.09. Non-GAAP loss/share was ($0.02), an improvement of $0.11.

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