Bloomberg News

Mazor Rises Most in a Month After Loss Narrows as Revenue Climbs

May 16, 2012

Mazor Robotics Ltd. (MZOR) gained the most in more than a month after the developer of surgical robots said its first-quarter loss narrowed as revenue rose 45 percent.

The shares advanced 4.9 percent, the most since April 11, to 4.25 shekels at 12:30 p.m. in Tel Aviv.

The net loss narrowed to 4.7 million shekels ($1.2 million) from 5.6 million shekels in the year-earlier period. Revenue surged to 9.2 million shekels.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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