Here are five key notes:
1. The company installed eight systems in the United States and internationally as well as received purchase orders from distribution partners for four systems. The company also received one upgrade order for the Renaissance system.
2. The 25 systems represented a 25 percent increase year-over-year in systems sold for the fourth quarter.
3. Mazor expects to report record quarterly revenue at around $8.8 million for the quarter ending Dec. 31, 2015. The company expects full year revenue to hit $26 million, up from $21.2 million in 2014.
4. Mazor ended the fourth quarter with 108 systems globally, 64 in the United States.
5. In the quarter, the company expanded into new metropolitan areas including Philadelphia in the United States and expanded presence in Asia and Europe. They are also penetrating academic institutions in Chicago and Miami where a new generation of neurosurgeons and orthopedic surgeons will be trained.
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