July 19, 2016

MEDTECH FISCAL 2016 REVENUE INCREASES 73% TO €11.2 MILLION

Montpellier, France, July 19, 2016 – MEDTECH (Euronext, FR0010892950 – ROSA), a company specialized in designing, developing and marketing innovative surgical assistance robots announced revenue results for its fiscal fourth quarter and full year ended June 30, 2016. For fiscal year 2016, the Company reported a 73% increase in revenue to €11.2 million.

In thousands of Euros 2014/2015 2015/2016
Q4 Revenue (April 1 to June 30) 3109 4199
Annual Revenue (July 1 to june 30) 6517 11264

 

Acceleration in growth of the ROSA® installed base worldwide. Up 71% over the past year.

 

At the end of fiscal year 2016, Medtech announced a significant increase in its total installed base of ROSA® robots worldwide. The fleet has now increased to 82 ROSA® robots, compared with 48 in the previous year. The current geographic distribution of the installed base is as follows: 22 robots in Europe, 43 in North America and 17 in the rest of the world.

During fiscal year 2016, Medtech sold 34 ROSA® robots worldwide, including 22 in the United States. In comparison, Medtech sold 20 ROSA® robots worldwide, including 13 in the United States, in the previous fiscal year.

In its fiscal fourth quarter (from April 1to June 30, 2016), Medtech sold 13 robots worldwide compared with 10 robots sold during the fiscal fourth quarter of 2015.

As of June 30, 2016, Medtech had €17.9 million in cash available compared with €20.2 million at the end of March 2016 and €12 million at the end of June 2015.

Bertin Nahum, CEO and Founder of Medtech, commented: “We are very proud of the significant growth achieved during fiscal 2016, as our commercial team delivered on our market expansion strategy for the year. This excellent performance highlights our ability to successfully grow our business on an international scale.”