Stereotaxis reports 32% revenue growth in FY2021; adjusted net loss widens to $1.4M

Stereotaxis, Inc.

Full-year 2021 revenue $35.0M (up 32% from $26.6M); Q4 revenue $8.2M (up 21%).
System revenue rose to $11.2M in FY2021 from $3.6M; recurring revenue $22.9M (+4%).
Q4 net loss $3.4M vs $1.2M a year ago; full-year adjusted net loss $1.4M vs $3.5M.
Adjusted operating expenses $26.9M (FY2021) vs $22.6M; negative free cash flow $4.3M.
Cash $40.1M, no debt; expects continued revenue growth in 2022 with system revenue in H2.

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