secwatch.observer — SEC 8-K summary
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Issuer:     Stereotaxis, Inc. (STXS)
CIK:        0001289340
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001493152-23-015876
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stereotaxis Q1 revenue $6.5M, net loss $5.3M; reiterates double-digit growth outlook
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- Revenue $6.5M vs $7.0M prior year; excluding catheter royalties, essentially flat.
- Net loss $5.3M vs $4.1M; adjusted net loss (excl stock comp) $2.7M vs $1.6M.
- Gross margin 59%; recurring revenue gross margin 79%, system margin 7% on low volumes.
- Cash $26.8M with no debt; year-end cash expected $22-24M; sees double-digit revenue growth in 2023.
- Orders received for two Genesis systems; expects increase in system orders vs 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289340/000149315223015876/0001493152-23-015876-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289340/000149315223015876/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-015876

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer