Dear Pat: I appreciate all the great advice over the years. Could you please give me your opinion on Mazor Robotics Ltd. MZOR on the Nasdaq? Thank you very much.
A: Mazor Robotics (ADR), $39.80, symbol MZOR on Nasdaq (Shares outstanding: 24.0 million; Market cap: $955.2 million; www.mazorrobotics.com), is an Israel-based company that develops and markets computerized and imaging-based systems used for spine and brain surgeries.
The company operates in the field of computer-assisted surgery that enables the use of surgical instruments with high precision and minimal invasiveness. They replace freehand procedures with robot-guided procedures. The system has been used to perform over 23,000 procedures worldwide in a variety of spinal surgeries. The vast majority of spinal operations are still performed “freehand” leaving a considerable growth opportunity for guided surgical robotics.
The company’s flagship Renaissance robotic system has won the approval of the U.S. Federal Drug Agency; it’s also cleared for use in Europe as well as several other markets, including China, Taiwan, South Korea, Canada, Russia, India, Singapore, Israel and Australia. Mazor owns 14 patents in the U.S. and 31 in other countries.
The company derives revenue from three areas: It sells…
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