Mako gets a Wall Street boost as sales soar, losses narrow in 2012
Robot-surgery systems maker Mako Surgical reported strong sales and narrowing losses in 2012, boosting its Rios system install base in the U.S. and abroad.
Mako saw increases in sales of its Rios system as well as the adjunct Makoplasty Total Hip Arthroplasty application. Overall procedure volume for the Rios system increased as well, according to a press release.
The news got Mako a boost from Wall Street, which sent shares up 12.2% to $12.36 as of about 11:45 a.m. today.