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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), a leader in robotic technologies for cardiac arrhythmia treatment, announced presentations by CEO David Fischel at two investor conferences in September 2021. He will attend the Lake Street 5th Annual Best Ideas Growth Conference on September 15 for one-on-one meetings, and present at the Cantor Virtual Global Healthcare Conference on September 29 at 8:00 am EDT, also available for one-on-one meetings. Fischel aims to discuss Stereotaxis’ technology, clinical value, and growth strategy.
Stereotaxis (NYSE: STXS) and MicroPort EP have announced a strategic collaboration to enhance robotics technology in electrophysiology in China. MicroPort EP will serve as the exclusive distributor of Stereotaxis’ Robotic Magnetic Navigation technology in the region. This partnership aims to integrate advanced technologies like the Genesis RMN® system and develop new cardiac catheters. The agreement, effective until 2028, intends to significantly boost the adoption of robotic systems in China’s electrophysiology market, benefiting healthcare providers and patients alike.
Stereotaxis reported strong financial results for Q2 2021, with revenue of $9.1 million, marking a 70% increase year-over-year. System revenue reached $2.7 million, supported by new orders in the US and China. Recurring revenue also grew to $6.1 million, up from $5.1 million. The company faced operating losses of $3.4 million but reported a net loss of $1.2 million, benefiting from $2.2 million in Paycheck Protection Loan forgiveness. Cash balance remained stable at $44.2 million as of June 30, 2021.
Stereotaxis (NYSE: STXS) has appointed Dr. Myriam J. Curet to its Board of Directors. Dr. Curet, currently Chief Medical Officer at Intuitive Surgical, brings over 20 years of experience in robotic surgery. She has been instrumental in developing clinical evidence and regulatory support at Intuitive Surgical. Dr. Curet expressed her excitement about Stereotaxis’ technology and its potential to transform endovascular medicine. CEO David Fischel welcomed her expertise as the company advances its robotics initiatives.
Stereotaxis (STXS) announced the release of its second-quarter financial results for 2021, scheduled for August 10, 2021, before U.S. market opening. The company will hold a conference call at 10 a.m. EST to discuss results and corporate developments. Stereotaxis leads in robotic technologies for cardiac arrhythmias and seeks to improve patient care with advanced, precise systems. This announcement reflects ongoing engagement with investors and provides insight into the company's financial performance.
Stereotaxis (STXS) reported a strong financial performance for Q1 2021 with a 50% revenue growth, totaling $8.6 million, up from $5.8 million in Q1 2020. The company shipped two robotic systems, contributing to system revenue of $2.6 million. Recurring revenue also showed modest growth at $5.8 million compared to $5.5 million a year earlier. Although the company posted an operating loss of ($1.5) million, this was an improvement from ($2.1) million in the same quarter last year. At quarter-end, Stereotaxis had a strong cash position of $44.1 million.
Stereotaxis (NYSE: STXS) is set to release its first quarter 2021 financial results on May 10, 2021, before the U.S. markets open. A conference call will follow at 10 a.m. EST to discuss the results and corporate developments. Investors can access the call via dial-in or through a webcast available on the Stereotaxis investor relations website. The company focuses on innovative robotic technologies for cardiac arrhythmia treatment, aiming to enhance patient care with precision and safety.
Stereotaxis (NYSE: STXS) announces that Chairman and CEO David Fischel will keynote the Robotic Surgery & Enabling Technologies Virtual Summit 2021 on April 15, focusing on innovations in robotic surgery. He expressed excitement about advancements in the field that enhance patient care and healthcare systems. The company's robotic technologies are designed for treating arrhythmias and endovascular procedures, showcasing their commitment to improving medical outcomes. Regulatory approvals for Stereotaxis' systems are in place across multiple regions, including the US and EU.
Stereotaxis (NYSE: STXS) announced that Broward Health Medical Center in Florida will establish a robotic electrophysiology program, becoming the only hospital in South Florida to offer robotic treatment for heart rhythm disorders. This program utilizes the Genesis Robotic Magnetic Navigation system, enhancing precision in cardiac ablation procedures. The initiative underscores Broward Health’s commitment to quality cardiac care and follows its recent accreditation for electrophysiology. This technological adoption aims to support the treatment of millions suffering from arrhythmias in the region.
Stereotaxis (STXS) announced the relocation of its global headquarters to the Globe Building in downtown St. Louis by the end of this year. This move aims to modernize the organization and support significant growth. The new facility will enhance collaboration among employees and triple the surgical robot manufacturing capacity. The Globe Building is strategically positioned within St. Louis' Innovation District, alongside other technology firms like Square and T-Rex. This change is expected to boost Stereotaxis' healthcare technology initiatives and contribute to the revitalization of the local community.
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