The 10-second takeaway
For the quarter ended March 31 (Q1), MAKO Surgical beat slightly on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. GAAP loss per share dropped.
Margins increased across the board.
MAKO Surgical booked revenue of $24.8 million. The nine analysts polled by S&P Capital IQ predicted a top line of $24.4 million on the same basis. GAAP reported sales were 26% higher than the prior-year quarter's $19.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.21. The 10 earnings estimates compiled by S&P Capital IQ predicted -$0.19 per share. GAAP EPS were -$0.21 for Q1 against -$0.28 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 73.6%, 150 basis points better than the prior-year quarter. Operating margin was -36.0%, much better than the prior-year quarter. Net margin was -38.8%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $28.7 million. On the bottom line, the average EPS estimate is -$0.27.
Next year's average estimate for revenue is $126.0 million. The average EPS estimate is -$0.65.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,201 members out of 1,246 rating the stock outperform, and 45 members rating it underperform. Among 266 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 255 give MAKO Surgical a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MAKO Surgical is hold, with an average price target of $14.57.
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