Disney's big Singapore ship is a big opportunity
The Disney Adventure, Disney's largest cruise ship yet, will begin sailing from Singapore in December. At full occupancy, the ship is expected to accommodate between 6,000 and 7,000 guests. In comparison, Disney's Wish-class ships have a capacity for about 4,000 passengers.
"This will give us an opportunity to float the Disney brand in all of its glory into a region that we think has a huge Disney brand affinity," Iger said.
In addition to the Adventure, the Disney Destiny (Disney's third Wish-class ship), will debut in November in Fort Lauderdale. The newest ship currently sailing, Disney Treasure, has "gotten off to a strong start and continues to perform well," Disney wrote in prepared executive remarks Wednesday. The Treasure began sailing last December.
"Forward bookings look great, and we're running at very high occupancies," CFO Hugh Johnston said.
Disney Cruise Line is about half booked for 2026, he said, and the percentage is even higher for its newer ships.
Domestic park spending rises
Disney Cruise Line is part of the Disney Experiences division, along with the theme parks, hotels, Disney Vacation Club, the Adventures by Disney tour operator and consumer products. The segment performed well in the quarter with operating income up 13%, to $2.5 billion.
Domestic operating income soared 22%, to $1.7 billion, driven by growth at theme parks, resorts and Disney Cruise Line. Disney attributed the bump to guests spending more at its parks as well as an increase in passenger cruise days from the Treasure. It also includes a $40 million benefit from the Easter holiday, which fell in the third fiscal quarter this year.
Disney Experiences had higher costs, including about $30 million in pre-opening expenses related to the Destiny and Treasure ships. Another $50 million in pre-opening cruise costs is expected in the fourth fiscal quarter.
Disney's theme parks, especially its domestic parks, are performing well. Executives pointed to two anniversaries and their accompanying in-park celebrations: Disneyland's 70th and Hong Kong Disneyland's 20th.
Johnston said Walt Disney World compiled record revenue in its fiscal Q3.
Asked if Disney's guest mix for domestic parks has been impacted by international visitation to the U.S. or the opening of Universal Orlando's Epic Universe in May, Johnston said there was "nothing material going on there."
Disneyland Paris is also performing strongly, according to Johnston. Next year, a new World of Frozen land will open there.
Disney has faced some headwinds in China, the CFO said, mainly because of reduced guest spending, not attendance.
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Record Quarterly Revenue of $10.0 Million Driven by Higher SSi Mantra 3 Unit Sales Gross Profit More than Tripled, Driven by Gross Margin Expansion and Revenue Growth FORT LAUDERDALE, Fla., Aug. 07, 2025 (GLOBE NEWSWIRE) -- SS Innovations International, Inc. (the 'Company' or 'SS Innovations') (Nasdaq: SSII), a developer of innovative surgical robotic technologies dedicated to making robotic surgery affordable and accessible to a global population, today announced unaudited financial results for the three and six months ended June 30, 2025. The Company also filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, with the Securities and Exchange Commission on August 6, 2025. Second Quarter 2025 Overview Revenue increased 121.8% to $10.0 million from $4.5 million in the second quarter of 2024. Gross margin expanded to 59.1% from 31.9% in the second quarter of 2024. Gross profit rose 311.4% to $5.9 million from $1.4 million in the second quarter of 2024. Net loss of $0.3 million, or $(0.00) per diluted share, compared to a net loss of $4.1 million, or $(0.02) per diluted share, in the second quarter of 2024. SSi Mantra surgical robotic system installations totaled 23, up 130% from 10 installations in the second quarter of 2024 and up 53% from 15 installations in the first quarter of 2025. First Half 2025 Overview Revenue increased 85.6% to $15.1 million from $8.1 million in the first half of 2024. Gross margin expanded to 46.3% from 26.6% in the first half of 2024. Gross profit rose 223.3% to $7.0 million from $2.2 million in the first half of 2024. Net loss of $5.9 million, or $(0.03) per diluted share, compared to net loss of $14.0 million, or $(0.08) per diluted share, in the first half of 2024. SSi Mantra surgical robotic system installations totaled 38, up 100% from 19 installations in the first half of 2024. As of June 30, 2025 Long-term debt of $0. Cash and cash equivalents totaled $11.4 million, excluding restricted cash. SSi Mantra cumulative installed base totaled 105 in seven countries and cumulative surgeries reached 4,657. CEO Commentary Dr. Sudhir Srivastava, Chairman of the Board and Chief Executive Officer of SS Innovations, commented, 'We continue to execute on our strategic initiatives and delivered strong revenue growth in the second quarter of 2025, driven by higher unit sales of our advanced, cost-effective SSi Mantra 3 surgical robotic system in India and abroad. Our second quarter gross profit more than tripled compared to the prior year quarter, reflecting higher revenue and significant gross margin expansion due to lower production costs, propelling a sharp narrowing in net loss to almost breakeven.' Dr. Srivastava continued, 'Our SSi Mantra 3 surgical robotic system continues to pioneer robotic telesurgery and cardiac procedures, achieving several 'world firsts' during and after the second quarter. We remain committed to democratizing excellence in surgical robotic care and SS Innovations' uplisting to Nasdaq in April 2025 symbolizes a new chapter of global expansion. In that regard, based on recent FDA conversations, we now expect to submit a 510(k) application for multiple indications for the SSi Mantra 3 to the U.S. Food and Drug Administration by the end of September 2025—a potentially quicker pathway compared to the De Novo application we previously planned. We also continue along the pathway towards a European Union CE marking certification as soon as late 2025. Looking to the second half of the year, an expanding installed base combined with growing utilization of the SSi Mantra 3 positions us well for continuing robust organic growth.' Select Business Highlights in Second Quarter 2025 In April 2025, the Company's common stock was listed for trading on The Nasdaq Stock Market LLC ("Nasdaq"). In June 2025, the Company rang the opening bell at the Nasdaq MarketSite in New York City. In June 2025, the Company's SSi Mantra surgical robotic system performed its first robotic cardiac surgery in the Western Hemisphere. Subsequent Events In July 2025, the world's first robotic telesurgery for weight loss was performed utilizing the Company's SSi Mantra 3 surgical robotic system. In July 2025, the world's first intercontinental robotic cardiac telesurgery was performed (from France to India) utilizing the Company's SSi Mantra 3 surgical robotic system. In July 2025, the first telesurgery in India's public sector, which consists of more than 25,000 public hospitals, was performed utilizing the Company's SSi Mantra 3 surgical robotic system. As of July 31, 2025, the SSi Mantra cumulative installed base totaled 112 systems and cumulative multi-specialty surgeries reached 5,038 without any device-related adverse events. This total included 40 telesurgeries and 273 cardiac procedures. Revenue Breakdown and Summary of Installations / Surgeries Category Q2 2024 Q2 2025 VarianceSystem sales $ 4,258,198 $ 8,781,038 $ 4,522,840 106.2 % Instrument sales 204,121 1,007,830 803,709 393.7 % Warranty sales 28,795 193,359 164,564 571.5 % Lease income 18,012 18,078 66 0.4 % Total revenue $ 4,509,126 $ 10,000,305 $ 5,491,179 121.8 % SSi Mantra installations 10 23 13 130 % Cumulative installed base1 37 105 68 184 % SSi Mantra surgeries 516 1,042 526 102 % Cumulative surgeries1 1,742 4,657 2,915 167 % 1 at period end Category H1 2024 H1 2025 VarianceSystem sales $ 7,752,957 $ 13,283,520 $ 5,530,563 71.3 % Instrument sales 322,636 1,485,038 1,162,402 360.3 % Warranty sales 38,202 315,863 277,661 726.8 % Lease income 33,024 36,494 3,470 10.5 % Total revenue $ 8,146,819 $ 15,120,915 $ 6,974,096 85.6 % SSi Mantra installations 19 38 19 100 % SSi Mantra surgeries 877 1,861 984 112 % About SS Innovations SS Innovations International, Inc. (Nasdaq: SSII) develops innovative surgical robotic technologies with a vision to make the benefits of robotic surgery affordable and accessible to a larger segment of the global population. The Company's product range includes its proprietary 'SSi Mantra' surgical robotic system and its comprehensive suite of 'SSi Mudra' surgical instruments, which support a variety of surgical procedures including robotic cardiac surgery. An American company headquartered in India, SS Innovations plans to expand the global presence of its technologically advanced, user-friendly, and cost-effective surgical robotic solutions. Visit the Company's website at or LinkedIn for more information and updates. About the SSi Mantra The SSi Mantra surgical robotic system is a user-friendly, modular, multi-arm system with many advanced technology features, including: 3 to 5 modular robotic arms, an open-faced ergonomic surgeon command center, a large 3D 4K monitor, a touch panel monitor for all patient related information display, a virtual real-time image of the robotic patient side arm carts, and the ability for superimposition of 3D models of diagnostic imaging. A vision cart provides the table-side team with the same magnified 3D 4K view as the surgeon to provide better safety and efficiency. The SSi Mantra utilizes over 40 different types of robotic endo-surgical instruments to support different specialties, including cardiac surgery. The SSi Mantra has been clinically validated in India in more than 100 different types of surgical procedures. Forward Looking StatementsThis press release may contain statements that are not historical facts and are considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words 'anticipate,' 'assume,' 'believe,' 'estimate,' 'expect,' 'will,' 'intend,' 'may,' 'plan,' 'project,' 'should,' 'could,' 'seek,' 'designed,' 'potential,' 'forecast,' 'target,' 'objective,' 'goal,' or the negatives of such terms or other similar expressions to identify such forward-looking statements. These statements relate to future events or SS Innovations' future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investor Contact:The Equity Group Kalle Ahl, CFA T: (303) 953-9878 kahl@ Devin Sullivan, Managing Director T: (212) 836-9608dsullivan@ Media Contact:RooneyPartners LLCKate BarretteT: (212) 223-0561kbarrette@ SS INNOVATIONS INTERNATIONAL, CONSOLIDATED BALANCE SHEETS(Unaudited) As of June 30, 2025 December 31,2024 ASSETS Current Assets: Cash and cash equivalents $ 11,375,265 $ 466,500 Restricted cash 5,884,513 5,838,508 Accounts receivable, net 5,973,923 4,466,047 Inventory 18,260,141 10,206,898 Prepaids and other current assets 9,292,684 6,438,338 Total Current Assets 50,786,526 27,416,291 Property, plant, and equipment, net 8,274,135 5,385,955 Right of use asset, net 2,654,775 2,623,880 Deferred tax assets, net 365,641 - Accounts receivable, net – non current 4,447,389 3,299,032 Restricted cash- non current 345,900 318,527 Prepaids and other non current assets 3,103,405 3,341,528 Total Assets $ 69,977,771 $ 42,385,213 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current Liabilities Bank overdraft facility $ 6,980,313 $ 7,994,906 Notes payable - 7,450,000 Current portion of operating lease liabilities 354,626 409,518 Accounts payable 6,079,794 2,312,382 Deferred revenue 2,412,682 1,278,602 Accrued expenses & other current liabilities 3,783,693 1,884,814 Total Current Liabilities 19,611,108 21,330,222 Operating lease liabilities, less current portion 2,452,389 2,349,118 Deferred Revenue- non current 5,779,525 5,173,953 Other non current liabilities 111,880 74,817 Total Liabilities $ 27,954,902 $ 28,928,110 Stockholders' equity: Preferred stock, authorized 5,000,000 shares of Series A, Non-Convertible Preferred Stock, $0.0001 par value per share; 1,000 shares issued and outstanding as of June 30, 2025 and December 31, 2024 1 1 Common stock, 250,000,000 shares authorized, $0.0001 par value, 193,588,410 shares and 171,579,284 shares issued and outstanding as of June 30, 2025 and December 31, 2024 respectively 19,358 17,157 Accumulated other comprehensive income (loss) (822,813 ) (749,625 ) Additional paid in capital 91,526,999 56,952,200 Capital reserve 899,917 899,917 Accumulated deficit (49,600,593 ) (43,662,547 ) Total stockholders' equity 42,022,869 13,457,103 Total liabilities and stockholders' equity $ 69,977,771 $ 42,385,213 SS INNOVATIONS INTERNATIONAL, CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS(Unaudited) For The Three months ended June 30, 2025 June 30, 2024 REVENUES System sales 8,781,038 4,258,198 Instruments sale 1,007,830 204,121 Warranty sale 193,359 28,795 Lease income 18,078 18,012 Total revenue $ 10,000,305 $ 4,509,126 Cost of revenue (4,085,247 ) (3,071,340 ) GROSS PROFIT 5,915,058 1,437,786 OPERATING EXPENSES: Research & development expense 498,600 759,004 Stock compensation expense 1,630,295 2,443,792 Depreciation and amortization expense 260,361 90,476 Selling, general and administrative expense 3,428,788 2,244,703 TOTAL OPERATING EXPENSES 5,818,044 5,537,975 Income /(Loss) from operations 97,014 (4,100,189 ) OTHER INCOME (EXPENSE): Interest Expense (216,800 ) (242,577 ) Interest and other income, net 216,824 202,196 TOTAL INCOME / (EXPENSE), NET 24 (40,381 ) INCOME / (LOSS) BEFORE INCOME TAXES 97,038 (4,140,570 ) Income tax expense 353,729 - NET LOSS $ (256,691 ) $ (4,140,570 ) Net loss per share -basic and diluted $ (0.00 ) $ (0.02 ) Weighted average-basic shares 193,571,635 170,739,380 Weighted average-diluted shares 202,835,698 181,843,313 CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE LOSS NET LOSS $ (256,691 ) $ (4,140,570 ) OTHER COMPREHENSIVE INCOME (LOSS) Foreign currency translation loss (66,014 ) (16,131 ) Retirement Benefit (net of tax) (35,660 ) 3,299 Income tax effect relating to retirement benefit 5,772 - TOTAL OTHER COMPREHENSIVE INCOME (LOSS) (95,902 ) (12,832 ) TOTAL COMPREHENSIVE LOSS $ (352,593 ) $ (4,153,402 ) SS INNOVATIONS INTERNATIONAL, CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS(Unaudited) For The Six months ended June 30, 2025 June 30, 2024 REVENUES System sales 13,283,520 7,752,957 Instruments sale 1,485,038 322,636 Warranty sale 315,863 38,202 Lease income 36,494 33,024 Total revenue $ 15,120,915 $ 8,146,819 Cost of revenue (8,118,649 ) (5,980,851 ) GROSS PROFIT 7,002,266 2,165,968 OPERATING EXPENSES: Research & development expense 1,508,695 1,286,995 Stock compensation expense 4,009,507 9,552,542 Depreciation and amortization expense 469,243 170,577 Selling, general and administrative expense 6,638,587 5,088,362 TOTAL OPERATING EXPENSES 12,626,032 16,098,476 Loss from operations (5,623,766 ) (13,932,508 OTHER INCOME (EXPENSE): Interest Expense (596,705 ) (432,665 ) Interest and other income, net 636,156 382,850 TOTAL INCOME / (EXPENSE), NET 39,451 (49,815 ) LOSS BEFORE INCOME TAXES (5,584,315 ) (13,982,323 ) Income tax expense 353,729 - NET LOSS $ (5,938,044 ) $ (13,982,323 ) Net loss per share - basic and diluted $ (0.03 ) $ (0.08 ) Weighted average- basic shares 186,244,872 170,734,435 Weighted average- diluted shares 195,502,268 181,726,502 CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE LOSS NET LOSS $ (5,938,044 ) $ (13,982,323 ) OTHER COMPREHENSIVE INCOME (LOSS) Foreign currency translation loss (59,138 ) (95,445 ) Retirement Benefit (net of tax) (19,822 ) 11,806 Income tax effect relating to retirement benefit 5,772 - TOTAL OTHER COMPREHENSIVE INCOME (LOSS) (73,188 ) (83,639 ) TOTAL COMPREHENSIVE LOSS $ (6,011,232 ) $ (14,065,962 ) SS INNOVATIONS INTERNATIONAL, CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) For the Six months ended June 30, 2025 June 30, 2024 Cash flows from operating activities: Net loss $ (5,938,044 ) $ (13,982,323 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 469,243 170,577 Operating lease expense 423,593 357,533 Interest Expense 179,455 182,530 Interest and other income, net (338,191 ) (175,147 ) (Reversal of) / Provision for credit loss reserve (228,846 ) 573,048 Deferred income tax benefit (365,641 ) - Stock compensation expense 4,009,507 9,552,542 Changes in operating assets and liabilities: Accounts receivable, net (2,337,679 ) (3,475,878 ) Inventory, net (10,221,214 ) (199,750 ) Deferred revenue 1,739,652 3,032,484 Prepaids and other assets (2,572,481 ) (421,539 ) Accounts payable 3,782,409 224,821 Income taxes payable, net 620,586 - Accrued expenses & other liabilities 1,629,136 808,818 Operating lease payment (407,188 ) (342,202 ) Net cash used in operating activities (9,555,703 ) (3,694,486 ) Cash flows from investing activities: Purchase of property, plant and equipment (1,189,452 ) (2,239,139 ) Net cash used in investing activities (1,189,452 ) (2,239,139 ) Cash flows from financing activities: Proceeds from bank overdraft facility (net) (1,014,593 ) 842,610 Proceeds from issuance of convertible notes to principal shareholder 28,000,000 3,000,000 Proceeds from issuance of convertible notes to other investors - 1,450,000 Repayment of convertible notes to principal shareholder, including interest (4,212,637 ) - Repayment of convertible notes to other investors, including interest (1,068,849 ) - Net cash provided by financing activities 21,703,921 5,292,610 Net change in cash 10,958,766 (641,015 ) Effect of exchange rate on cash 23,377 108,572 Cash and cash equivalents at the beginning of the period 6,623,535 7,087,845 Cash and cash equivalents at end of the period $ 17,605,678 $ 6,555,402 Supplemental disclosure of cash flow information: Conversion of convertible notes into common stock, including interest $ 30,645,360 $ - Transfer of systems from inventory to property, plant and equipment $ 2,167,971 $ 1,422,880 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Analysis-ESPN-NFL deal faces regulatory hurdles
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