New insider activity at SS Innovations International ( (SSII) ) has taken place on April 3, 2025.
Barry F Cohen, the COO – Americas, has made a significant investment in SS Innovations International by purchasing 3,090 shares of the company’s stock. This transaction is valued at $29,847, showcasing his confidence in the company’s future prospects.
Recent Updates on SSII stock
SS Innovations International (SSII) has announced a delay in filing its Form 10-K for the financial period ending December 31, 2024, due to the need to reaudit and restate previous financial statements. This delay is expected to be resolved within a fifteen-day extension period. The preliminary financial results show a net loss of approximately $21.3 million on total revenue of $22.1 million for 2024, indicating a significant increase in revenue compared to 2023. The company reported substantial achievements, including the installation of 80 SSi Mantra Surgical Robotic Systems and completion of over 3,500 surgeries in 2024. They also improved gross margins and anticipate further growth with expected regulatory approvals in the US and Europe. SS Innovations has expanded its intellectual property portfolio and board of directors, and made advancements in telesurgery, receiving regulatory approval in India. Despite these developments, the technical sentiment signal remains ‘Sell’.
More about SS Innovations International
YTD Price Performance: 25.00%
Average Trading Volume: 1,871
Technical Sentiment Signal: Sell
Current Market Cap: $1.88B