Mazor Robotics Q4 Loss Narrows

(RTTNews) - Mazor Robotics Ltd. (MZOR) said that its fourth quarter of 2013 net loss narrowed to $2.0 million or $0.05 per share, from $4.5 million or $0.15 per share in the fourth quarter of 2012.

Total operating expenses in the fourth quarter of 2013 were $6.6 million, compared to $3.7 million in the fourth quarter of 2012, reflecting the Company's investments in sales and marketing resources.

Operating loss for the fourth quarter of 2013 was $2.1 million, compared to an operating loss of $1.8 million in fourth quarter of 2012.

On a non-GAAP-basis, the net loss in the fourth quarter of 2013 was $1.6 million, or $0.04 per share, compared to $1.4 million, or $0.05 per share in the fourth quarter of 2012.

Revenue for the quarter was $5.7 million compared to $2.7 million last year.