MAKO Surgical Suffers $21.3M Net Loss in Q3, Decreased RIO Sales

Written by Heather Linder | November 06, 2013 | Print  |

MAKO Surgical reported a net loss of $21.3 million in the third quarter, nearly four times as much as the $6.6 million loss suffered during the same quarter last year.Total third quarter revenue totaled $22.8 million, down nearly 22 percent from 2012, a drop the company attributed to fewer sales of RIO robotic systems. MAKO's third quarter operating expenses were $37.6 million, up 42 percent from last year due in part to $6.6 million in transaction costs related to the merger agreement with Stryker.

In September, Stryker announced it will purchase MAKO Surgical.

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