Mauna Kea Technologies reports preliminary fourth quarter 2020 sales

Preliminary Fourth Quarter Total Sales Increase 30% to 36% year-over-year; U.S. Sales up 34% to 38% year-over-year and up 20% to 23% quarter-over-quarter. 

 Mauna Kea Technologies today announced preliminary sales for the fourth quarter of 2020. Given the significant uncertainties associated with pace of recovery from the COVID-19 pandemic, the Company has elected to provide, in this context, specific information on expected revenue trends for the fourth quarter of 2020. Preliminary sales figures for the fourth quarter of 2020 are unaudited. 

Preliminary Sales Summary for Fourth Quarter 2020 (Unaudited figures) 

•  Preliminary sales for the fourth quarter of 2020 are expected in a range of €2.2 million to €2.3 million, representing growth of approximately 30% to 36% year-over-year
  • Preliminary Q4’20 Sales by Geography:
    • U.S. sales are expected to increase approximately 34% to 38% year-over-year 
    • Rest of World (ROW) sales are expected to increase approximately 26% to 33% year-over-year 
  • Preliminary Q4’20 Sales by Category:
    • Consumables sales are expected to decrease approximately 9% to 14% year-over-year 
    • Services sales are expected to decrease approximately 9% to 13% year-over-year 
    • Systems sales are expected to increase approximately 177% to 185% year-over-year 

“Our fourth quarter preliminary sales performance reflects strong execution of our strategy, continued improvement in our underlying business and procedure trends and measured improvement in the global capital equipment environment,” stated Robert L. Gershon, Chief Executive Officer of Mauna Kea Technologies. “Fourth quarter preliminary sales increased 30% to 36% year-over-year driven by an increase of 34% to 38% year-over-year in sales to U.S. customers and an increase of 26% to 33% year-over-year in sales to Rest-of-World customers. Fourth quarter sales growth was driven primarily by a continuation in the strong new system adoption trends we experienced during the third quarter and believe the strong system sales growth in the fourth quarter reflects both the improving health of the global capital equipment environment, and, further evidence that our new U.S. targeting strategy is well-defined. We are encouraged by the indications this quarter that the global capital equipment environment has continued to improve in recent months and we look forward to improving consumable demand as the global recovery continues to progress and customers around the world return to normal case-loads.” 

Next Sales Results Announcement: 
Fourth quarter of 2020 sales – January 21, 2021 after market close

 Financial calendar 
Please note that the 2021 financial calendar is available on the Mauna Kea Technologies website: 
https://www.maunakeatech.com/en/investors/financial-calendar