SS Innovations International (NASDAQ: SSII) reported record second-quarter 2026 revenue of $13.9 million, a 39.4% increase from $10 million in the same period last year, driven by a 30.4% rise in installations of its SSi Mantra surgical robotic system to 30 units. The company’s gross profit climbed 20% to $7.1 million, with a gross margin of 50.9%. Despite the revenue surge, net loss widened to $2.7 million, or $0.01 per diluted share, compared to a net loss of $0.3 million a year earlier.
The strong quarterly performance contributed to a first-half revenue increase of 65.6% to $25 million, with SSi Mantra installations up 47.4% to 56. As of June 30, SS Innovations had $13.6 million in cash and cash equivalents, no long-term debt, and a cumulative installed base of 224 SSi Mantra systems across 12 countries. The company also reported 12,272 cumulative procedures using the SSi Mantra, including 175 telesurgeries. Notably, SS Innovations recently completed a robotic telesurgery spanning more than 13,600 miles between Colombia and India, demonstrating the system’s global reach and technological capability.
The company’s growth trajectory is set to continue with significant regulatory milestones on the horizon. SS Innovations expects the U.S. Food and Drug Administration to complete its review of the company’s 510(k) premarket notification for the SSi Mantra by the end of the first quarter of 2027. Additionally, the company believes it can obtain European Union CE marking certification by the end of 2026. These approvals would open doors to two of the world’s largest medical device markets, potentially accelerating adoption.
The financial results and regulatory progress underscore the company’s mission to make robotic surgery affordable and accessible globally. SS Innovations, an American company headquartered in India, plans to expand its global presence with its user-friendly and cost-effective surgical robotic solutions. The recent telesurgery milestone highlights the potential for remote surgery to bridge healthcare gaps, especially in underserved regions.
For more details, the full press release is available at https://ibn.fm/nTMso.
