Stereotaxis 2022 revenue $28.1M (-20% YoY); net loss $4.2M in Q4; guides double-digit growth in 2023

Stereotaxis, Inc.

Q4 revenue $7.3M (down from $8.2M); full year revenue $28.1M (down from $35.0M).
Full year system revenue $6.8M (down from $11.2M); recurring revenue $21.3M (down from $22.9M).
Q4 net loss $4.2M vs $3.4M prior year; adjusted net loss full year $7.8M vs $1.4M prior year.
Cash and investments $29.7M, no debt; system backlog $14.8M entering 2023.
Expects double-digit revenue growth in 2023, driven by system backlog and new orders; no material contribution from new tech yet.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Stereotaxis, Inc. reported the full year 2022 results: revenue $28.1 million.

Period: the full year 2022
Revenue: $28.1 million
Result: reported results

Exact text from the filing

Revenue for the full year 2022 totaled $28.1 million compared to $35.0 million in 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Stereotaxis, Inc. reported the fourth quarter of 2022 results: revenue $7.3 million, net income ($4.2) million.

Period: the fourth quarter of 2022
Revenue: $7.3 million
Net income: ($4.2) million
Result: reported results

Exact text from the filing

Revenue for the fourth quarter of 2022 totaled $7.3 million, compared to $8.2 million in the prior year fourth quarter.

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20 earnings releases filed in the last 30 days. Browse all earnings releases →

Stereotaxis, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-006634

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