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Stereotaxis, Inc. (STXS) is a global leader in innovative robotic technologies aimed at improving the treatment of arrhythmias and endovascular procedures. The company's mission focuses on the discovery, development, and delivery of advanced robotic systems, instruments, and information solutions tailored for the interventional laboratory. By leveraging cutting-edge innovations, Stereotaxis helps physicians provide superior patient care with robotic precision and safety, streamline lab efficiency, and enhance procedural information integration.
Stereotaxis boasts over 100 issued patents that form the backbone of its platform. The core components of its systems have received regulatory clearance in various regions including the United States, European Union, Japan, Canada, and China, among others. This broad regulatory approval underscores the global trust and reliance on Stereotaxis' technology.
The company's revenue streams are diversified across systems, disposables, royalties, and subleases, with a significant portion generated from disposables, services, and accessories. Notably, the majority of its revenue is derived from the United States.
Through continuous innovation and dedication to serving the medical community, Stereotaxis remains at the forefront of robotic medical technology, making significant strides in improving procedural outcomes and operational efficiencies in healthcare settings worldwide.
For the latest updates and more information, visit Stereotaxis.
Stereotaxis (NYSE: STXS) announced the establishment of a robotic electrophysiology program at Fuwai Central China Cardiovascular Hospital, marking a significant milestone as the first in central China. The initial robotic cardiac ablation procedure was successfully performed by Dr. Chen Ke and Dr. Song Weifeng, highlighting the efficiency and safety of the Robotic Magnetic Navigation technology. Hospital officials emphasized their commitment to providing advanced treatment options for arrhythmias, with expectations for future robotic-assisted interventional procedures.
Stereotaxis (NYSE: STXS) announced that HonorHealth has launched a robotic electrophysiology program at its Scottsdale Shea Medical Center, utilizing the Genesis Robotic Magnetic Navigation (RMN) system. This initiative aims to enhance patient care for those undergoing cardiac ablation procedures, vital for treating arrhythmias. Dr. Rahul Doshi emphasized the program's potential to transform care, while Dr. Maulik Shah highlighted HonorHealth's commitment to advanced medical technologies. David Fischel, CEO of Stereotaxis, expressed enthusiasm about supporting HonorHealth's vision in improving patient outcomes.
Stereotaxis (NYSE: STXS) has announced a new publication demonstrating the effectiveness of its Robotic Magnetic Navigation (RMN) technology in reducing silent cerebral embolism (SCE) during atrial fibrillation ablation procedures. A study of 166 patients found that RMN significantly decreased SCE incidence to 5.77%, compared to 32.26% with manual catheters (p<0.001). This pivotal research, conducted independently in China, could position Stereotaxis as a leader in improving patient safety in cardiac interventions, reinforcing the efficacy of robotic solutions in complex procedures.
Stereotaxis (NYSE: STXS) has announced its inaugural Innovation Day on December 13, 2021, at 4:00 p.m. EST. This live webcast event will showcase the company's innovation pipeline with presentations from leadership and a Q&A session. Stereotaxis is recognized as a global leader in surgical robotics for minimally invasive endovascular intervention, having treated over 100,000 patients worldwide. Interested participants can register in advance at www.stereotaxis.com/innovation-day.
Stereotaxis (NYSE: STXS) announced that BJC HealthCare has installed the Genesis RMN system at Missouri Baptist Medical Center, making it the first healthcare system in the Midwest to offer this advanced robotic technology for cardiac arrhythmia treatment. A second installation is planned at Barnes-Jewish Hospital. The Genesis RMN system enhances cardiac ablation procedures with robotic precision, improving safety and effectiveness. With a history of over 1,000 treatments at Barnes-Jewish Hospital, this partnership aims to expand access to innovative arrhythmia care in the St. Louis region.
Stereotaxis reported a 5% increase in revenue for Q3 2021, totaling $9.1 million, driven by renewed adoption of robotic systems. Operating expenses rose to $9.4 million, reflecting increased R&D and hiring. Both operating and net losses were $4.6 million, worsening from $1.6 million the previous year. The company maintains a cash balance of $42.8 million, down from $44.2 million at year-end 2020. Strategic collaborations, especially in China, and upcoming innovations are positioned to enhance long-term growth.
Stereotaxis (NYSE: STXS) has announced its participation in the Fifth Annual International Meeting of the Society for Cardiac Robotic Navigation (SCRN) on November 12-13, 2021. This hybrid event will showcase discussions on innovations in cardiac robotics, including presentations on energy sources, automated navigation for atrial fibrillation, and TeleRobotic collaborations. The SCRN aims to foster clinical awareness and technology advancement in cardiology. Stereotaxis continues to lead in robotic technology for arrhythmias, emphasizing its commitment to improving patient care.
Stereotaxis (NYSE: STXS) announced it will release its 2021 third quarter financial results on November 11, 2021, before U.S. markets open. A conference call will follow at 10 a.m. EST to discuss results and corporate updates. Investors can access the call by dialing 800-367-2403 (U.S. and Canada) or 334-777-6978 (International), using passcode 1935969. A webcast will also be available on the company’s investor relations webpage.
Stereotaxis (NYSE: STXS) announced the installation of its Genesis Robotic Magnetic Navigation system at Princess Grace Hospital Center in Monaco, enhancing the treatment of cardiac arrhythmias. This system is pivotal for robotic cardiac ablation, which has treated over 1,000 patients in Monaco since its introduction in 2006. The hospital's electrophysiologists, key early adopters of this technology, have already successfully treated patients with the new system. Stereotaxis emphasizes its long-term partnership with the hospital and its commitment to advancing electrophysiology technology.
On October 12, 2021, Stereotaxis (NYSE: STXS) announced a publication highlighting their robotic technology's effectiveness in treating cardiac arrhythmias in pediatric patients. The study, which included 223 patients and was conducted at Erasmus Medical Center, revealed that patients receiving Robotic Magnetic Navigation (RMN) had a 94.4% success rate in avoiding arrhythmia recurrence over a mean follow-up of 5.5 years. Notably, zero adverse events occurred with RMN, contrasting with 2.6% for manual methods, showcasing significant safety and efficacy benefits.
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