Mazor Robotics vs. SeaSpine: Who grossed $131M in revenues?

Spinal Tech

SeaSpine and Mazor Robotics are both fighting to gain control over the spine industry.

While both companies reported negative net margins, return on equity and return on assets, one company had a significantly higher gross revenue in 2017, according to The Ledger Gazette.

Mazor Robotics reported a net margin of negative 12.14 percent, a return on equity of negative 8.08 percent and a return on assets of negative 6.91 percent in 2017. On the flip side, SeaSpine reported negative 22.63 percent, negative 28.04 percent and negative 21.85 percent in net margin, return on equity and return on assets, respectively in 2017.

When it came to comparing revenue, SeaSpine reported $131.81 million in gross revenues in 2017 compared to Mazor Robotics' $64.95 million. Mazor Robotics estimated its net income at negative $12.41 million, and SeaSpine reported negative $32.11 million in net income for 2017.

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