SS Innovations Reports 122% Revenue Growth and Reduced Net Loss in Latest Quarter

SS Innovations International, Inc. reported significant financial performance improvements in its latest 10-Q filing for the quarter ending June 30, 2025. The company generated total revenues of $10 million for the three months ended June 30, 2025, a substantial increase of 122% compared to $4.5 million for the same period in 2024. For the six months ending June 30, 2025, revenues reached $15.1 million, up 85% from $8.1 million in the prior year. The gross profit for the second quarter was $5.9 million, compared to $1.4 million in the previous year, reflecting a gross profit margin improvement driven by lower raw material costs and enhanced manufacturing efficiencies.

The company’s net loss for the second quarter narrowed to $256,691 from a loss of $4.1 million in the same quarter last year. For the six-month period, the net loss was $5.9 million, a significant reduction from $14 million in the prior year. This improvement is attributed to increased sales of surgical robotic systems and instruments, alongside a reduction in stock compensation expenses, which fell from $9.6 million to $4 million year-over-year.

Operationally, SS Innovations has expanded its customer base and geographic reach, with 25 surgical robotic systems sold in the first half of 2025, compared to 8 in the same period of 2024. The company has also successfully installed systems on a pay-per-use basis, enhancing its service offerings. As of June 30, 2025, the company reported total assets of $70 million, a significant increase from $42.4 million at the end of 2024, primarily due to increased cash reserves and inventory levels.

Strategically, SS Innovations completed a successful uplisting to the NASDAQ under the ticker symbol "SSII" on April 25, 2025, which is expected to enhance its visibility and access to capital markets. The company has also engaged in various financing activities, raising $28 million through convertible notes to support its working capital needs. However, the company continues to face challenges related to its accumulated deficit of $49.6 million and reliance on related party financing, raising concerns about its ability to sustain operations without additional funding.

Looking ahead, SS Innovations aims to continue scaling its operations and expanding its market presence, particularly in underserved regions. The management is focused on enhancing its product offerings and improving operational efficiencies to achieve profitability. However, the company acknowledges that it may need to secure additional funding to support its growth initiatives and meet its long-term capital requirements.