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SS Innovations Reports 2024 Achievements and Revenue Growth

Story Highlights
  • SS Innovations achieved significant milestones in 2024, including 80 installations and over 3,500 surgeries.
  • The company saw a four-fold revenue increase and anticipates further growth with upcoming regulatory approvals.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
SS Innovations Reports 2024 Achievements and Revenue Growth

Elevate Your Investing Strategy:

SS Innovations International ( (SSII) ) has issued an update.

On March 31, 2025, SS Innovations International reported significant achievements for 2024, including the installation of 80 SSi Mantra Surgical Robotic Systems in 75 hospitals and completion of over 3,500 surgeries. The company saw a nearly four-fold increase in revenue to over $22 million and improved gross margins from 12.30% to 36.90%. They anticipate further growth with expected regulatory approvals in the US and Europe by late 2025 or early 2026, and have expanded their intellectual property portfolio and board of directors. The company also made strides in telesurgery, receiving regulatory approval in India and performing 16 telesurgeries, including a robotic cardiac surgery over 2,000km. They continue to enhance their manufacturing and R&D capabilities, with a production capacity of 20 units per month, expandable to 35.

More about SS Innovations International

SS Innovations International, Inc. is a developer of innovative surgical robotic technologies aimed at making robotic surgery affordable and accessible globally. Their primary product, the SSi Mantra surgical robotic system, supports a variety of surgical procedures, including robotic cardiac surgery. Headquartered in India, the company plans to expand its presence with technologically advanced, user-friendly, and cost-effective surgical robotic solutions worldwide.

YTD Price Performance: 18.59%

Average Trading Volume: 1,906

Technical Sentiment Signal: Sell

Current Market Cap: $1.74B

For detailed information about SSII stock, go to TipRanks’ Stock Analysis page.

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