Ss Innovations International, Inc (SSII)
NASDAQ:SSII
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SS Innovations International
(NASDAQ:SSII)
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Rating:46Neutral
Price Target:
$4.00
▼(-37.69% Downside)
Action:Reiterated
Date:05/14/26
The score is held down primarily by persistent losses and significant negative cash flow, alongside bearish technical signals. Offsetting factors include solid revenue growth, improving gross margins, a currently conservative balance sheet, and positive corporate updates (expansion/regulatory progress and fresh financing).
Positive Factors
Revenue & Margin Improvement
Sustained top-line growth coupled with rising gross margins indicates improving unit economics and operational leverage. Over 2–6 months this supports higher contribution per procedure, better scalability of consumables and service revenue, and a clearer path toward operating profitability if growth persists.
Negative Factors
Negative Operating & Free Cash Flow
Persistent cash burn constrains reinvestment and forces dependence on external financing. Over the medium term this limits the company’s ability to scale installations, expand service infrastructure, and absorb slower-than-expected adoption without dilutive or costly capital raises that could divert management focus.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Improvement
Sustained top-line growth coupled with rising gross margins indicates improving unit economics and operational leverage. Over 2–6 months this supports higher contribution per procedure, better scalability of consumables and service revenue, and a clearer path toward operating profitability if growth persists.
Read all positive factors
SS Innovations International (SSII) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$772.51M
Dividend YieldN/A
Average Volume (3M)58.75K
Price to Earnings (P/E)―
Beta (1Y)9.18
Revenue Growth119.23%
EPS Growth40.14%
CountryUS
Employees378
SectorHealthcare
Sector Strength45
IndustryMedical - Devices
Share Statistics
EPS (TTM)-0.05
Shares Outstanding200,131,530
10 Day Avg. Volume44,337
30 Day Avg. Volume58,754
Financial Highlights & Ratios
PEG Ratio2.12
Price to Book (P/B)28.24
Price to Sales (P/S)25.40
P/FCF Ratio-48.61
Enterprise Value/Market Cap0.98
Enterprise Value/Revenue15.67
Enterprise Value/Gross Profit32.38
Enterprise Value/Ebitda-180.08
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SS Innovations International Business Overview & Revenue Model
Company Description
SS Innovations International, Inc. develops surgical robotic systems. It also develops SSI Mantra, a surgical robotic system; SSI Mudra, a range of surgical instruments that supports in surgical procedures, including robotic cardiac surgery; SSI M...
How the Company Makes Money
SSII makes money primarily by selling or placing its robotic surgical systems with healthcare providers and generating recurring revenue from ongoing use of those systems. Key revenue streams typically include: (1) system-related revenue from upfr...
SS Innovations International Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
67
Positive
Cash Flow
32
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 48.45M | 42.48M | 20.65M | 5.88M | 1.46M | 0.00 |
| Gross Profit | 23.44M | 19.54M | 8.45M | 713.45K | 489.59K | -18.79K |
| EBITDA | -4.22M | -5.98M | -17.74M | -20.26M | -5.31M | -1.47M |
| Net Income | -10.03M | -12.13M | -19.15M | -20.94M | -5.60M | -1.48M |
Balance Sheet | ||||||
| Total Assets | 90.55M | 74.23M | 42.39M | 25.48M | 6.98M | 428.61K |
| Cash, Cash Equivalents and Short-Term Investments | 15.98M | 3.21M | 466.50K | 7.03M | 217.18K | 405.77K |
| Total Debt | 2.66M | 2.92M | 18.20M | 8.22M | 8.27M | 145.00K |
| Total Liabilities | 36.02M | 36.01M | 28.93M | 11.18M | 9.66M | 287.28K |
| Stockholders Equity | 54.52M | 38.22M | 13.46M | 14.30M | -2.68M | 141.33K |
Cash Flow | ||||||
| Free Cash Flow | -17.59M | -22.20M | -10.16M | -15.81M | -1.44M | -363.03K |
| Operating Cash Flow | -14.75M | -18.54M | -9.50M | -15.36M | -5.99M | -363.03K |
| Investing Cash Flow | -2.84M | -3.66M | -661.48K | -453.33K | 240.82K | 38.15K |
| Financing Cash Flow | 21.92M | 26.17M | 9.43M | 22.80M | 5.90M | 569.95K |
SS Innovations International Technical Analysis
Positive
6.42
Price Trends
4.63
Positive
5.08
Negative
5.98
Negative
Market Momentum
0.02
Negative
52.61
Neutral
81.86
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SSII, the sentiment is Positive. The current price of 6.42 is above the 20-day moving average (MA) of 4.81, above the 50-day MA of 4.63, and above the 200-day MA of 5.98, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 52.61 is Neutral, neither overbought nor oversold. The STOCH value of 81.86 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SSII.
SS Innovations International Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | $1.94B | -31.42 | -225.86% | ― | 34.86% | 52.13% | |
55 Neutral | $1.07B | 19.55 | 5.40% | 2.02% | 4.78% | -53.80% | |
55 Neutral | $1.11B | 310.60 | 2.66% | ― | 17.59% | ― | |
54 Neutral | $1.10B | -39.25 | -47.65% | ― | 1.24% | -1605.54% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
47 Neutral | $878.54M | -16.07 | -68.29% | ― | 4.54% | 49.66% | |
46 Neutral | $772.51M | -68.39 | -30.23% | ― | 119.23% | 40.14% |
* Healthcare Sector Average
SSII
SS Innovations International
3.86
-5.88
-60.37%
CNMD
Conmed
35.49
-24.33
-40.67%
AORT
Artivion
22.77
-6.94
-23.36%
IART
Integra Lifesciences
14.10
0.55
4.06%
TNDM
Tandem Diabetes Care
12.82
-9.91
-43.60%
ESTA
Establishment Labs Holdings
65.76
28.94
78.60%
SS Innovations International Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
SS Innovations Reports Strong Q1 Growth and Expansion
Positive
May 13, 2026
On May 13, 2026, SS Innovations reported unaudited first-quarter 2026 results showing revenue more than doubled year over year to $11.1 million, driven by a sharp rise in SSi Mantra system sales, instrument and warranty revenue, and a 73.3% increa...
Business Operations and StrategyProduct-Related Announcements
SS Innovations Showcases Landmark Cross-Border Robotic Telesurgery
Positive
May 7, 2026
On May 2, 2026, SS Innovations completed a landmark long-distance cross-border telesurgery in which Dr. Mohit Bhandari performed a robotic gastrojejunostomy on a patient in Indore, India, while operating from the Royal Australian College of Surgeo...
Business Operations and StrategyProduct-Related Announcements
SS Innovations Marks Milestone in Robotic Surgery Adoption
Positive
May 5, 2026
On May 5, 2026, SS Innovations International reported that more than 10,500 cumulative surgeries had been successfully completed using its SSi Mantra surgical robotic system as of April 30, 2026, spanning over 170 procedure types and including mor...
Business Operations and StrategyProduct-Related Announcements
SS Innovations Showcases Next-Gen Robotic Surgery Platforms Globally
Positive
Apr 23, 2026
On April 23, 2026, SS Innovations International unveiled a slate of next-generation surgical robotic concepts at the Global Multi-Specialty Robotic Surgery Conference in New Delhi, India, which it hosted. The company showcased the under-developmen...
Business Operations and StrategyProduct-Related Announcements
SS Innovations Hosts Global Robotic and Telesurgery Conference
Positive
Apr 7, 2026
On April 7, 2026, SS Innovations International announced it would host the Global Multi-Specialty Robotic Surgery Conference (SMRSC 2026) in New Delhi, India, from April 9–11, 2026, bringing together surgeons, innovators and healthcare leade...
Business Operations and StrategyProduct-Related Announcements
SS Innovations Gains New Global Approvals for SSi Mantra
Positive
Mar 30, 2026
On March 30, 2026, SS Innovations announced it had secured regulatory approvals for its SSi Mantra surgical robotic system for multiple indications in Colombia, Oman, Sri Lanka and Kenya, with approvals granted between November 2025 and January 20...
Business Operations and StrategyProduct-Related Announcements
SS Innovations Gains Telesurgery Approvals in Indonesia, Philippines
Positive
Mar 18, 2026
On March 18, 2026, SS Innovations International announced that its SSi Mantra surgical robotic system has been approved for telesurgeries in Indonesia and the Philippines, marking an expansion beyond its primary base in India. The company also dis...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and FinancingRegulatory Filings and Compliance
SS Innovations Reports Strong 2025 Growth, Raises New Capital
Positive
Mar 10, 2026
On March 10, 2026, SS Innovations reported unaudited results for the fourth quarter and full year 2025, highlighting a 79.1% year-over-year revenue increase in the quarter to $14.5 million and a 105.7% rise in full-year revenue to $42.5 million, d...
Business Operations and StrategyPrivate Placements and Financing
SS Innovations Raises Capital to Fund Global Expansion
Positive
Mar 9, 2026
On March 6, 2026, SS Innovations International completed a privately negotiated sale of 5,774,839 shares of common stock, raising approximately $18.6 million in gross proceeds, led by significant insider participation from its chairman, vice chair...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.