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olivLaw · US equity research

Microbot Medical Inc. MBOT

Surgical & Medical Instruments & Apparatus · SIC 3841 · Vertical: Surgical & Medical Instruments & Apparatus (SIC 3841)

1.14USD+4.59% · 1 dayClose 04 Nov 2026

Microbot Medical develops and is commercializing LIBERTY, a fully disposable robotic system for minimally invasive endovascular procedures, mainly in peripheral vessels. The company had recognized no product revenue through the end of 2025, so its commercial launch after FDA clearance in September 2025 is central to its financial outlook. Net working capital at December 31, 2025 was about $76.4 million.

At the close of 04 Nov 2026, Microbot Medical Inc. (MBOT) stock was 1.14 USD (+4.59% on the day), with market capitalisation 76.6 m USD, beta 1.77, 52-week range 0.94–2.85 USD. Latest reported quarter (Q2 2026): revenue of 241.0 k USD, net income of -5.6 m USD, diluted EPS -0.08 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
76.6 m USD
shares as of 11 Aug 2026
P/E (TTM)
unavailable
Diluted EPS TTM -0.25 · TTM to 30 Jun 2026
E/P (TTM)
-22.07%
TTM to 30 Jun 2026
Dividend yield
unavailable
Beta (2y)
1.77
Volatility (1y) 68%
52-week range
0.942.85

Price history

Loading chart…

Technical reading

RSI (14)
54.5
neutral
Bollinger (20, 2)
0.88 – 1.16
in the upper half of the band · %B 0.94 · band width 26.6%
SMA 50 / 200
1.22 / 1.84
downtrend (price < SMA50 < SMA200)
MACD (12, 26, 9)
-0.03 / -0.07
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month+6.5%−1.1%+7.6 pp—
3 months−38.4%−0.5%−37.9 pp—
6 months−47.9%+4.4%−52.3 pp—
Year to date−43.0%+12.3%−55.3 pp—
1 year−43.6%+13.5%−57.1 pp−5.2%
3 years−19.7%+76.4%−96.1 pp+14.6%
5 years−84.4%+63.7%−148.1 pp—
Max drawdown (1y)
−67.0%
11 Mar 2026 → 21 Oct 2026
Max drawdown (5y)
−90.7%
27 Dec 2021 → 04 Sept 2024
Compound annual growth (5y)
−31.1%
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q2 2026 · 30 Jun 2026

Revenue
241.0 k USD
unavailable YoY
Net income
-5.6 m USD
unavailable YoY
Diluted EPS
-0.08
unavailable YoY
net / operating
-2,334.9% / -2,567.6%

Quarterly margins

Quarterly statements · USD

Fiscal yearQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Revenue——————105.0 k241.0 k
Cost of revenue——————103.0 k884.0 k
Gross profit——————2.0 k-643.0 k
Research & development2.1 m2.0 m1.5 m2.1 m1.2 m1.5 m1.3 m1.9 m
SG&A——1.6 m1.6 m——3.0 m3.7 m
Operating income-3.3 m-3.4 m-3.0 m-3.7 m-3.9 m-4.1 m-4.3 m-6.2 m
Depreciation & amortisation23.0 k ≈26.0 k15.0 k12.0 k ≈10.0 k ≈10.0 k12.0 k15.0 k ≈
Net income-3.2 m-3.4 m-2.6 m-3.5 m-3.6 m-3.5 m-3.7 m-5.6 m
Diluted EPS-0.20-0.20 ≈-0.08-0.10-0.07-0.05 ≈-0.05-0.08
Operating cash flow-2.8 m ≈-1.7 m-2.9 m-2.6 m ≈-3.8 m ≈-3.8 m-5.1 m-5.0 m ≈
Capex0 ≈7.0 k13.0 k9.0 k ≈13.0 k ≈25.0 k108.0 k142.0 k ≈

≈ derived quarter (cumulative difference / share-days average)

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year20182019202020212022202320242025
Revenueunavailableunavailableunavailableunavailableunavailableunavailableunavailableunavailable
Revenue YoYunavailableunavailableunavailableunavailableunavailableunavailableunavailableunavailable
Net income-7.3 m-7.2 m-9.2 m-11.3 m-13.2 m-10.7 m-11.4 m-13.1 m
Net income YoYunavailableunavailableunavailableunavailableunavailableunavailableunavailableunavailable
Diluted EPSunavailableunavailableunavailable-1.59-1.81-1.05-0.73-0.29
Diluted EPS YoYunavailableunavailableunavailableunavailableunavailableunavailableunavailableunavailable
net %unavailableunavailableunavailableunavailableunavailableunavailableunavailableunavailable
Free cash flow-5.5 m-6.7 m-7.3 m-9.4 m-11.6 m-8.6 m-8.9 m-13.1 m

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
3.9 m USD
Financial debt
unavailable USD
Net debt
unavailable USD
Equity
77.6 m USD
Total assets
81.5 m USD
Debt / equity
unavailable
Current ratio
23.33x
ROE
-32.4%
ROA
-30.0%
FCF margin
unavailable

Financial statements (source on every figure)

Revenue and net income (USD)

Income statement · USD

Research & development
2023
5.7 m
2024
6.6 m
2025
6.3 m

SEC (XBRL)· 26 Mar 2026verified

SG&A
2023
—
2024
5.0 m
2025
8.5 m

SEC (XBRL)· 26 Mar 2026verified

Operating income
2023
-9.9 m
2024
-11.6 m
2025
-14.7 m

SEC (XBRL)· 26 Mar 2026verified

Depreciation & amortisation
2023
106.0 k
2024
91.0 k
2025
47.0 k

SEC (XBRL)· 26 Mar 2026verified

EBITDA
2023
-9.7 m ≈
2024
-11.5 m ≈
2025
-14.7 m ≈

SEC (XBRL)· 26 Mar 2026derived

Income tax
2023
—
2024
—
2025
—

SEC (XBRL)· 31 Mar 2021verified

Net income
2023
-10.7 m
2024
-11.4 m
2025
-13.1 m

SEC (XBRL)· 26 Mar 2026verified

Diluted EPS
2023
-1.05
2024
-0.73
2025
-0.29

SEC (XBRL)· 26 Mar 2026verified

Weighted average diluted shares
2023
10.2 m
2024
15.6 m
2025
45.8 m

SEC (XBRL)· 26 Mar 2026verified

Balance sheet · USD

Cash
2023
2.5 m
2024
3.1 m
2025
3.9 m

SEC (XBRL)· 26 Mar 2026verified

Inventories
2023
—
2024
—
2025
584.0 k

SEC (XBRL)· 26 Mar 2026verified

Current assets
2023
7.9 m
2024
5.8 m
2025
79.8 m

SEC (XBRL)· 26 Mar 2026verified

Property, plant & equipment, net
2023
146.0 k
2024
80.0 k
2025
93.0 k

SEC (XBRL)· 26 Mar 2026verified

Total assets
2023
8.3 m
2024
6.0 m
2025
81.5 m

SEC (XBRL)· 26 Mar 2026verified

Accounts payable
2023
357.0 k
2024
165.0 k
2025
511.0 k

SEC (XBRL)· 26 Mar 2026verified

Current liabilities
2023
3.8 m
2024
2.5 m
2025
3.4 m

SEC (XBRL)· 26 Mar 2026verified

Total liabilities
2023
3.8 m
2024
2.5 m
2025
4.0 m

SEC (XBRL)· 26 Mar 2026verified

Equity
2023
4.5 m †
2024
3.5 m †
2025
77.6 m †

SEC (XBRL)· 26 Mar 2026verified

Cash flow · USD

Operating cash flow
2023
-8.5 m
2024
-8.8 m
2025
-13.0 m

SEC (XBRL)· 26 Mar 2026verified

Capex
2023
33.0 k
2024
25.0 k
2025
60.0 k

SEC (XBRL)· 26 Mar 2026verified

Free cash flow
2023
-8.6 m ≈
2024
-8.9 m ≈
2025
-13.1 m ≈

SEC (XBRL)· 26 Mar 2026derived

Investing cash flow
2023
2.0 m
2024
1.5 m
2025
-72.4 m

SEC (XBRL)· 26 Mar 2026verified

Financing cash flow
2023
6.6 m
2024
7.9 m
2025
86.2 m

SEC (XBRL)· 26 Mar 2026verified

Computed indicators

Growth

Revenue growth (YoY)
-88.5%
computed by olivLawFY 2015
Revenue CAGR 3Y
-56.0%
computed by olivLawFY 2012 → FY 2015
Revenue CAGR 5Y
-39.4%
computed by olivLawFY 2010 → FY 2015
EBIT growth (YoY)
unavailable
the base of the ratio is not positive
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
the base of the ratio is not positive
Net income CAGR 5Y
unavailable
the base of the ratio is not positive
EPS growth (YoY)
unavailable
input data missing
EPS CAGR 3Y
unavailable
input data missing
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
unavailable
input data missing

Profitability

Gross margin
unavailable
input data missing
EBITDA margin
unavailable
input data missing
EBIT margin
unavailable
input data missing
Net margin
unavailable
input data missing
FCF margin
unavailable
input data missing

Returns

ROE
-32.9%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROA
-30.7%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROIC
unavailable
input data missing
ROCE
-26.6%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
unavailable
input data missing
Net debt / EBITDA
unavailable
input data missing
Debt / equity
unavailable
input data missing
Interest coverage
unavailable
the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used

Liquidity

Current ratio
18.6x
computed by olivLawbalance sheet at 30 Jun 2026
Quick ratio
17.8x
computed by olivLawbalance sheet at 30 Jun 2026
Cash ratio
0.8x
computed by olivLawbalance sheet at 30 Jun 2026

Cash

Operating cash flow
-17.6 m USD
computed by olivLawTTM to 30 Jun 2026
Capital expenditure
288.0 k USD
computed by olivLawTTM to 30 Jun 2026
Free cash flow
-17.9 m USD
computed by olivLawTTM to 30 Jun 2026
FCF conversion
unavailable
insufficient data
Cash conversion
unavailable
insufficient data

Efficiency

Days sales outstanding
unavailable
input data missing
Days inventory outstanding
unavailable
input data missing
Days payables outstanding
unavailable
input data missing
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
76.6 m USD
computed by olivLawbalance sheet at 30 Jun 2026
Enterprise value
unavailable
input data missing
Market cap / net income TTM
unavailable
insufficient data
P/E (TTM)
unavailable
insufficient data
Earnings yield
-22.1%
computed by olivLawTTM to 30 Jun 2026
P/B
1.1x
computed by olivLawbalance sheet at 30 Jun 2026
P/S
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
unavailable
the base of the ratio is not positive
FCF yield
-23.4%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero
Shareholder yield (distributions)
unavailable
input data missing

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • indicators available: 3 of at least 6
  • score weight coverage: 20.8% of at least 60%
  • valuation methods computed: 0 of at least 1

A scoring methodology on indicators and valuation, not investment advice.

Closing price

1.14 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: 76.6 m USD

Key indicators

Market capitalisation
76.6 m USD
computed by olivLawbalance sheet at 30 Jun 2026
P/E (TTM)
unavailable
insufficient data
P/B
1.1x
computed by olivLawbalance sheet at 30 Jun 2026
EV/EBITDA
unavailable
input data missing
ROE
-32.9%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Net margin
unavailable
input data missing
Revenue growth (YoY)
-88.5%
computed by olivLawFY 2015
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero

Coverage and freshness

23/37 reporting lines present
Latest full fiscal year: 2015
Latest reported period: 30 Jun 2026
Latest balance sheet date: 30 Jun 2026
Share count (cover of the latest filing), as of: 11 Aug 2026
Source: SEC (XBRL)published 11 Aug 2026
verified 1626derived 130

Score by group

21% · Insufficient data

Estimated value range

unavailable — no valuation method could be computed

Valuation assumptions are editorial choices, not measured; beta is not measured.

Valuation methods

  • DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
  • Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
  • Peers: P/Eunavailable · the base of the ratio is not positive
  • Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption

no valuation method could be computed

Multiple comparisons use the SIC vertical: Surgical & Medical Instruments & Apparatus (SIC 3841)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Insufficient data

Minimum-evidence gate: indicators available: 3 of at least 6; score weight coverage: 20.8% of at least 60%; valuation methods computed: 0 of at least 1

FactorValueScoreWeight used
ROIC · Qualityunavailableunavailable—
Net margin · Qualityunavailableunavailable—
FCF conversion · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growth-56.0%0 (on a fixed band)40%
EPS CAGR 3Y · Growthunavailableunavailable—
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheetunavailableunavailable—
Current ratio · Balance sheet18.6x100 (on a fixed band)20%
P/E (TTM) · Valuationunavailableunavailable—
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuation-23.4%0 (on a fixed band)40%
Shareholder yield (distributions) · Returnsunavailableunavailable—
Payout ratio (FCF) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet· partial100/100 · 1/3 factors with a value
  • Growth· partial0/100 · 1/2 factors with a value
  • Quality· partialunavailable · 0/3 factors with a value
  • Returns· partialunavailable · 0/2 factors with a value
  • Valuation· partial0/100 · 1/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

MICROBOT MEDICAL INC. (MBOT). Latest full fiscal year: 2015; data up to 2026-06-30.

Figures computed from the financial statements: YoY growth -88.5%; ROE -32.9%.

Valuation cannot be computed from the available data.

Insufficient data for a verdict (indicators available: 3 of at least 6; score weight coverage: 20.8% of at least 60%; valuation methods computed: 0 of at least 1).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Current ratio: 18.6x

What contradicts it

  • Revenue CAGR 3Y: -56.0%
  • FCF yield: -23.4%

Not assessed (insufficient data or a ratio without meaning): ROIC, Net margin, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).

Versus the vertical median

Surgical & Medical Instruments & Apparatus (SIC 3841) · same industry (4-digit SIC) · compared with 39 companies

Multiples and returns vs the median

P/E
—
vertical median 34.4x
EV/EBITDA
—
vertical median 17.2x
P/S
—
vertical median 3.4x
P/B
1.1x
vertical median 5.2x
below median (−78.7%)
ROE
-32.9%
vertical median -2.8%
below median
Net margin
—
vertical median -4.0%
EBIT margin
—
vertical median -0.8%
Revenue YoY
-88.5%
vertical median 12.1%
below median (−829.4%)
Net debt/EBITDA
—
vertical median 1.7x
Dividend yield
—
vertical median 1.0%

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
SYKStryker Corp129.3 bn36.216.0%13.8%+11.2%−8% / +15%
MMM3m Company100.2 bn28.980.8%14.0%+1.5%+13% / +134%
BSXBoston Scientific Corporation66.4 bn19.414.3%16.6%+19.9%−55% / −18%
BDXBecton, Dickinson And Company57.0 bn63.23.8%4.0%+8.2%+37% / +13%
RMDResMed Inc.33.8 bn21.926.4%27.8%+9.9%−6% / +52%
DXCMDexcom, Inc.33.0 bn34.837.7%19.4%+15.6%+39% / −23%
WSTWest Pharmaceutical Services, Inc.28.5 bn45.921.2%18.8%+6.3%+47% / +17%
SOLVSolventum Corporation15.2 bn10.934.0%17.3%+0.9%+5% / unavailable
PENPenumbra, Inc12.7 bn81.210.7%10.1%+17.5%+10% / +45%
GMEDGlobus Medical, Inc.11.7 bn22.311.8%17.0%+16.7%−4% / +94%
TFXTeleflex Incorporated6.4 bn—-28.9%-45.8%+17.2%+31% / −34%
HAEHaemonetics Corporation5.8 bn62.311.2%7.1%−2.0%+57% / +58%
MMSIMerit Medical Systems Inc5.4 bn34.09.8%9.9%+11.8%+5% / +27%
HTFLHeartflow, Inc.4.9 bn——-55.8%+39.9%+75% / unavailable
ICUIIcu Medical Inc4.3 bn144.21.4%1.4%−6.3%+16% / +97%
LMATLemaitre Vascular, Inc.2.0 bn30.916.8%25.0%+13.5%+6% / +67%
TNDMTandem Diabetes Care, Inc.1.3 bn—-48.0%-6.1%+7.9%−9% / −6%
IARTIntegra Lifesciences Holdings Corp1.2 bn88.31.2%0.8%+1.5%+13% / −62%
BBNXBeta Bionics, Inc.921.5 m—-23.9%-65.3%+53.9%−46% / unavailable
SSIISs Innovations International, Inc.454.9 m—-26.1%-23.7%+105.7%−66% / unavailable
CARLCarlsmed, Inc.439.3 m—-6,196.9%-57.4%+85.9%−1% / unavailable
BWAYBrainsway Ltd.439.0 m224.25.6%7.1%+29.0%+28% / +258%
EMBCEmbecta Corp.369.4 m4.4—8.6%−3.8%−49% / −64%
CLPTClearPoint Neuro, Inc.325.7 m—-167.5%-79.4%+17.8%−30% / +76%
TMCITreace Medical Concepts, Inc.292.7 m—-72.0%-29.0%+1.6%+51% / −49%

1- and 3-year price returns: for MBOT from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Scenarios are not available. input data missing

AI analysis

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

In brief

Microbot Medical develops and is commercializing LIBERTY, a fully disposable robotic system for minimally invasive endovascular procedures, mainly in peripheral vessels. The company had recognized no product revenue through the end of 2025, so its commercial launch after FDA clearance in September 2025 is central to its financial outlook 12. Net working capital at December 31, 2025 was about $76.4 million 1.

SWOT

Strengths

  • A compact, disposable platform with FDA clearance and ISO 13485 certification for its quality management system 12.
  • A balance sheet strengthened by 2025 equity issuances, with a sizeable net working capital at year end 1.
  • An intellectual property portfolio, including NovaCross technology acquired from Nitiloop assets 2.

Weaknesses

  • The company has not yet generated significant revenue and expects long-term operating losses 1.
  • Dependence on one main product makes the whole company's outcome hinge on the LIBERTY launch 1.
  • Limited experience in commercial manufacturing, with production outsourced to third parties 1.

Opportunities

  • Expansion into interventional cardiology and neuroradiology through future platform versions 2.
  • A CE Mark approval could open access to European markets 2.
  • Telecatheterization and academic collaborations, such as the Emory University agreement, could create new uses 2.

Threats

  • Competitors with more advanced technology or greater financial resources could reduce market share 1.
  • Insufficient reimbursement from payors could limit hospital adoption 1.
  • The regional conflict affecting Israel, where research is located, could disrupt operations 2.

Risks

  • Need for additional capitalhigh

    The company expects to need further funding, and difficulty raising capital could force cuts to development programs 1.

  • No clear path to profitabilityhigh

    There is no certainty about when, or whether, the company will become profitable, which could weigh on investor confidence 1.

  • Hospital adoptionmedium

    Commercial success depends on acceptance by physicians and institutions, which could be slower than expected 1.

  • Outsourced manufacturingmedium

    Reliance on a third-party contract manufacturer could delay deliveries or raise costs 1.

  • Geopolitical riskmedium

    The Middle East conflict could affect personnel and activities located in Israel 2.

Investment thesis

What would need to be true (bull case)

  • If the commercial launch of the LIBERTY system expands after FDA clearance, the company could benefit from a product that is unique in its market 12.
  • An intellectual property portfolio and expansion into new clinical segments could support long-term growth 2.
  • If CE Mark approval arrives on schedule, access to European markets could add a new revenue source 2.

What would break the thesis

  • The company has not yet generated product revenue and its cumulative losses are significant, which could limit financial flexibility 1.
  • Dependence on a single product and an outside manufacturing partner could amplify execution risks 1.
  • Uncertain physician adoption and reimbursement could delay the revenue the growth plan assumes 1.

What to watch

  • Trajectory of revenue from the first commercial LIBERTY salesQ3 2026
  • CE Mark approval and European launchsecond half of 2026
  • New financing transactions and the level of net working capitalnext 10-K
  • Sales and administrative spending as the commercial team expandsQ4 2026

Products, market & competition

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

The business

Microbot Medical is a medical device company focused on next generation robotic endoluminal surgery, with the aim of improving surgical outcomes for patients 1. Its main product, the LIBERTY Endovascular Robotic Surgical System, is designed to maneuver guidewires and microcatheters within the vasculature without dedicated Cath-lab rooms. According to the 10-K, the company shifted in 2025 from research and development toward commercialization 1.

The company had not recognized product revenue through December 31, 2025 and expects significant operating losses for the foreseeable future 1. Funding has come mainly from equity issuances, exercises of preferred investment options and grants from the Israeli Innovation Authority 1. Manufacturing is handled by a third-party contract manufacturer 1.

The 10-Q for the quarter ended June 30, 2026 reports a full market release of LIBERTY at the Society of Interventional Radiology conference in April 2026, and CE Mark approval was anticipated in the second half of 2026 with no assurance given 2. The acquisition of Nitiloop assets, including NovaCross technology, broadens the product portfolio 2.

Segments

LIBERTY Endovascular Robotic Surgical System

The core platform, fully disposable, currently targeted at the peripheral interventional radiology market, with future versions expected for interventional cardiology and neuroradiology 2. Its compact design, remote operation and telecatheterization potential, which is not covered by the FDA 510(k) clearance, are its key attributes 2.

NovaCross

A product line acquired from Nitiloop assets in October 2022, covering intraluminal revascularization devices with an anchoring mechanism and integrated microcatheter 2. The company is evaluating combining these with the LIBERTY platform 2.

Market context

The company focuses its sales on the peripheral interventional radiology market, where it argues its system removes the need for extensive capital equipment 2. The actual size of the market is hard to predict, and penetration could be smaller than anticipated 1.

Adoption depends on acceptance by physicians, hospitals and third-party payors, notably the Centers for Medicare & Medicaid Services, which shape reimbursement 1. Without adequate reimbursement, sales could be limited 1.

Trends

  • Shift to commercializationmixed

    The company has moved its focus from research toward sales, which raises marketing costs but could unlock revenue if the launch succeeds 12.

  • Demand for miniaturized robotic surgerytailwind

    Interest in minimally invasive procedures and disposable systems supports demand for compact platforms, though robotic competition could intensify 1.

  • Regulation and reimbursementmixed

    FDA and CE Mark approvals, along with payor reimbursement policies, could speed up or slow adoption of the product 12.

  • Geopolitical tensions in Israelheadwind

    Research and development operations are based in Israel, and the regional conflict could affect the company's activities 2.

Competitive position

The company notes that competitors could develop technologies more attractive to hospitals and physicians and could hold intellectual property rights that limit its marketing 1. The sources do not explicitly name competitors.

A stated advantage is that LIBERTY is the first fully disposable robotic system for endovascular procedures, which could reduce equipment costs relative to existing systems 2.

  • Large-cap surgical robotics makers

    The sources say other players could launch competing technologies for the same markets, without naming them.

  • Companies holding guidewire-related intellectual property

    Competitors may hold patents that could prevent the company from marketing its products 1.

  • Existing robotic catheterization systems

    The company states that rival systems require dedicated cath-lab rooms and staff, unlike LIBERTY 2.

  • Developers of telecatheterization technologies

    Competition in remote procedures could become relevant if the telecatheterization feature is validated 2.

News & filings

In the press

No news in our archive over the last 180 days.

SEC filings

  • Proxy statement03 Nov 2026
  • Current report27 Oct 2026
    Regulation FD disclosure · Financial statements and exhibits
  • Current report23 Oct 2026
    Regulation FD disclosure · Financial statements and exhibits
  • Current report20 Oct 2026
    Item 5.08 · Regulation FD disclosure · Financial statements and exhibits
  • Current report06 Oct 2026
    Regulation FD disclosure · Financial statements and exhibits
  • Current report28 Sept 2026
    Regulation FD disclosure · Financial statements and exhibits
  • Current report11 Aug 2026
    Regulation FD disclosure · Financial statements and exhibits
  • Quarterly report11 Aug 2026
  • Current report07 Aug 2026
    Material agreement · Departure or appointment of officers · Financial statements and exhibits
  • Current report21 Jul 2026
    Regulation FD disclosure · Financial statements and exhibits

Sources

  1. [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Microbot Medical Inc. · 26 Mar 2026
  2. [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Microbot Medical Inc. · 11 Aug 2026
  3. [3] Form 8-K, results release (exhibit 99.1) · SEC / Microbot Medical Inc. · 15 Aug 2017

Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.