earnings
confidence high
sentiment negative
materiality 0.75
Stereotaxis Q1 revenue down 19% to $7.0M; net loss widens to $4.1M
Stereotaxis, Inc.
2022-Q1 EPS reported
-$0.06
revenue$7,037,000
- Revenue $7.0M vs $8.6M prior year; system revenue $1.6M, recurring $5.4M.
- Operating loss and net loss both ($4.1M) vs ($1.5M) prior year; adjusted net loss ($1.6M) vs ($0.1M).
- Cash $36.9M, no debt; negative free cash flow ($3.3M) in Q1.
- Reiterates revenue growth guidance; system revenue expected in H2; Genesis adoption driver.
- Gross margin ~70%; recurring 85% consistent; system 21% reflects low volumes.