Quarterly ResultMay 13, 2026, 08:37 AM
SS Innovations Q1 Revenue $11.1M, up 116.8%; Net Loss Narrows to $3.6M
AI Summary
SS Innovations International, Inc. reported record first quarter 2026 revenue of $11.1 million, marking a 116.8% increase year-over-year, driven by robust growth in SSi Mantra installations and procedures. The company's net loss narrowed to $3.6 million, and gross margin significantly expanded to 48.0%. Additionally, SS Innovations successfully completed a private placement raising $18.6 million and secured regulatory approvals for its SSi Mantra system in new international markets, with plans to enter the US and EU markets in 2026.
Key Highlights
- Q1 2026 revenue increased 116.8% to $11.1 million from $5.1 million in Q1 2025.
- Net loss narrowed to $3.6 million, or $(0.02) per diluted share, from $5.7 million.
- Gross margin expanded to 48.0% from 21.2% in the prior year quarter.
- SSi Mantra installations totaled 26, a 73.3% increase from 15 in Q1 2025.
- Cumulative SSi Mantra installed base reached 194 across eleven countries.
- Completed a private placement, raising approximately $18.6 million in gross proceeds.
- Received regulatory approvals for SSi Mantra in Sri Lanka, Kenya, Indonesia, and the Philippines.
- Aims for US FDA 510(k) review completion and EU CE marking certification in 2026.
Price Impact
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