Stereotaxis Q3 revenue $9.1M (+5% YoY); operating loss widens to $4.6M; sees 2022 system revenue doubling

Stereotaxis, Inc.

2021-Q3 EPS reported -$0.11 revenue$26,780,432

Revenue $9.1M (system $3.5M, recurring $5.3M); gross margin 52% with system margin 5% and recurring 86%.
Operating loss and net loss both ($4.6M) vs ($1.6M) a year ago; adjusted operating loss ($2.0M) vs ($0.8M).
Cash and equivalents $42.8M at Sept 30, 2021; expects to start 2022 with >$40M cash.
Maintains 2021 system revenue guidance of ~$11M; targets double-digit overall growth in 2022 with system revenue doubling.
Received orders for two Genesis systems; announced strategic collaboration with MicroPort EP in China.

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