Earnings ·
SS Innovations International reported unaudited financial results for the second quarter ended June 30, 2026
SSIISS Innovations International, Inc.
SS Innovations International reported unaudited financial results for the second quarter ended June 30, 2026. Revenue increased 39.4% to $13.9 million from $10.0 million in the prior year period, driven by a 30.4% rise in SSi Mantra surgical robotic system installations to 30 units. Gross margin decreased to 50.9% from 59.1%, resulting in a net loss of $2.7 million, or $(0.01) per diluted share, compared to a $0.3 million loss previously. Cash and cash equivalents totaled $13.6 million as of June 30, with no long-term debt. The company also announced the successful completion of a robotic telesurgery between Colombia and India in July 2026, spanning over 13,600 miles. SS Innovations International develops innovative surgical robotic technologies to make robotic surgery affordable and accessible globally.