other material
confidence high
sentiment positive
materiality 0.75
SS Innovations completes BDO re-audit, restates FY2022-2023 financials; withdraws S-1, plans Nasdaq uplisting
SS Innovations International, Inc.
- BDO India completed re-audit of FY2022 and FY2023; restated financials filed in Form 10-K/A on Dec 6, 2024.
- Shareholders' equity increased by $5.42M to $19.72M; working capital surplus up $3.85M to $12.96M as of Dec 31, 2023.
- Total comprehensive loss for 2023 decreased by $0.16M to $21.13M; revenue unchanged at $5.88M.
- Company withdrew pending Form S-1 registration statement filed Feb 14, 2024; plans to uplist to Nasdaq without offering.
- Over 2,500 robotic procedures completed; systems installed in 5 countries, expansion to Indonesia.