Mazor Robotics Announces Closing of the Third Tranche Equity Investment

CAESAREA, Israel--(BUSINESS WIRE)-- Mazor Robotics Ltd. (TASE:MZOR) (NASDAQGM:MZOR), a pioneer and a leader in the field of surgical guidance systems, today announced the closing of the third tranche equity investment by Medtronic pursuant to the executed agreement between the parties, as previously disclosed on August 30, 2017. Mazor issued 1.04 million American Depositary Shares (ADSs) at $38.46 per ADS, which is equal to the weighted average price of the ADSs for the trailing 20-day period ending on and including August 29, 2017, for an aggregate purchase price of $40 million. In addition, Mazor issued to Medtronic warrants to purchase an additional 1.21 million ADSs at an exercise price of $44.23 per ADS, which represents a 15% premium over the per share price for the $40 million equity investment. Medtronic has the right to exercise the warrants immediately in whole or in part, for cash, and they expire after 18 months from the issuance date.

Mazor Robotics to Present at the Wells Fargo Healthcare Conference

CAESAREA, Israel--(BUSINESS WIRE)-- Mazor Robotics Ltd. (TASE:MZOR)(NASDAQGM:MZOR), a pioneer and a leader in the field of surgical guidance systems announced today that Sharon Levita, Chief Financial Officer & Vice President, Business Operations, is scheduled to present an overview of the Company, via a fireside chat discussion, at the Wells Fargo Healthcare Conference on Thursday, September 7, 2017 at 1:05pm ET at The Westin Boston Waterfront hotel in Boston, MA.

Mazor Robotics and Medtronic Enter Next Phase of Strategic Partnership; Medtronic to Make a $40 million Third Tranche Investment in Mazor

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CAESAREA, Israel – August 30, 2017 – Mazor Robotics Ltd. (TASE: MZOR; NASDAQGM: MZOR), a pioneer and a leader in the field of surgical guidance systems, today announced that it has entered the next phase of its strategic partnership with Medtronic earlier than planned and their existing agreements have been amended accordingly. The agreements provide for the conversion of the commercial relationship between the parties, with Medtronic assuming exclusive worldwide distribution of the Mazor X system, and Medtronic making a $40 million third tranche investment in Mazor. These developments are a result of the early achievement of certain sales and marketing milestones by both companies, as well as higher than expected global market acceptance and demand for the Mazor X system. Medtronic and Mazor originally entered into a strategic agreement in May 2016.

Mazor Robotics Reports Record Second Quarter 2017 Revenue Increased 87% to $15.5 Million

- Recurring Revenues Increased 50% Year-over-Year -

- Conference Call Today at 8:30 AM EDT (3:30PM IDT) -

 

CAESAREA, Israel--(BUSINESS WIRE)-- Mazor Robotics Ltd. (TASE: MZOR; NASDAQGM: MZOR), a pioneer and a leader in the field of surgical guidance systems, reported record second quarter revenue of $15.5 million. As previously announced, the Company received purchase orders for 19 systems in the 2017 second quarter and ended the quarter with a backlog of 14 systems.

Mazor Robotics to Report Second Quarter Financial Results on August 1, 2017

Conference Call Scheduled for 8:30am EDT on Tuesday, August 1st

 

CAESAREA, Israel, July 19, 2017 – Mazor Robotics Ltd. (TASE: MZOR; NASDAQGM: MZOR), a pioneer and a leader in the field of surgical guidance systems, announced today that it will report financial results for the second quarter ended June 30, 2017, before the U.S. markets open on Tuesday, August 1, 2017.

 

Mazor Robotics Received 19 System Orders During Q2 2017; Expects to Report Record Quarterly Revenue

 

CAESAREA, Israel--(BUSINESS WIRE)-- Mazor Robotics Ltd. (TASE:MZOR; NASDAQGM:MZOR), a pioneer and a leader in the field of surgical guidance systems, expects to report record revenue of approximately $15.4 million for the second quarter ended June 30, 2017. In the year-ago second quarter, Mazor reported revenue of $8.3 million. During the second quarter of 2017, the Company received a total of 19 system purchase orders. Sixteen of the purchase orders were for the Mazor X™ system from customers in the U.S., including seven trade-in orders from customers who had previously purchased Renaissance® systems. In addition, the Company received purchase orders for three Renaissance systems, including two in the international market and one in the U.S. market. 

 

 

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Corporate Governance

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Regulatory Filings

In this section you will find links to our regulatory filings current with the SEC. TASE filings can be located on the Tel-Aviv Stock Exchange.

Conferences & Calls

In this section you will be able to listen to or view any of the transcripts from Mazor Robotics' Conferences or Investor relations calls.

Analyst Coverage

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Financial Reports

In this section you can view recent Mazor Robotics' financial reports. Reports are downloadable in PDF formats.

Shareholder Meetings

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Stock Information

Mazor Robotics is traded on both the TASE and NASDAQ markets. In this section you may view delayed NASDAQ stock information.

Investor Press Releases

In this section you may view all Mazor Robotics' press releases that have been issued by our corporate offices.

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Investor Presentation

In this section you will be able to view the individual presentations from Mazor Robotics’ executive team.

Latest News

15
Sep2017

Mazor Robotics Announces Closing of...

CAESAREA, Israel--(BUSINESS WIRE)-- Mazor Robotics Ltd. (TASE:MZOR) (NASDAQGM:MZOR), a pioneer and a leader in the field of...

05
Sep2017

Mazor Robotics to Present at...

CAESAREA, Israel--(BUSINESS WIRE)-- Mazor Robotics Ltd. (TASE:MZOR)(NASDAQGM:MZOR), a pioneer and a leader in the field of surgical...

30
Aug2017

Mazor Robotics and Medtronic Enter...

Register for the Conference Call CAESAREA, Israel – August 30, 2017 – Mazor Robotics Ltd. (TASE: MZOR; NASDAQGM:...

01
Aug2017

Mazor Robotics Reports Record Second...

- Recurring Revenues Increased 50% Year-over-Year - - Conference Call Today at 8:30 AM EDT (3:30PM IDT) - ...

19
Jul2017

Mazor Robotics to Report Second...

Conference Call Scheduled for 8:30am EDT on Tuesday, August 1st CAESAREA, Israel, July 19, 2017 – Mazor...

06
Jul2017

Mazor Robotics Received 19 System...

CAESAREA, Israel--(BUSINESS WIRE (http://www.businesswire.com/))-- Mazor Robotics Ltd. (TASE:MZOR; NASDAQGM:MZOR), a pioneer and a leader in the...

20
Apr2017

Mazor Robotics to Report First...

Conference Call Scheduled for 8:30am ET on Wednesday, May 10th CAESAREA, Israel–(BUSINESS WIRE (http://www.businesswire.com/))– Mazor Robotics Ltd. (TASE:MZOR;...

12
Apr2017

Mazor Robotics Receives FDA Clearance...

CAESAREA, Israel – April 12, 2017 – Mazor Robotics Ltd. (TASE: MZOR; NASDAQGM: MZOR), a pioneer and...

05
Apr2017

Mazor Robotics Expects to Report...

CAESAREA, Israel–(BUSINESS WIRE)– Mazor Robotics Ltd. (TASE: MZOR; NASDAQGM: MZOR), a pioneer and a leader in the...

16
Feb2017

Mazor Robotics Reports Record Fourth...

CAESAREA, Israel – February 16, 2017 – Mazor Robotics Ltd. (TASE: MZOR; NASDAQGM: MZOR), a pioneer and...

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