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Stereotaxis Provides Fourth Quarter 2007 Revenue Outlook
Date:1/15/2008

45% Full Year Revenue Growth Expected

Recurring Revenue Growth of More Than 100% Delay in Irrigated Catheter Launch Impacts Fourth Quarter Revenue and Order

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ST. LOUIS, Jan. 15 /PRNewswire-FirstCall/ -- Stereotaxis, Inc. (Nasdaq: STXS) today reported that due to the previously delayed European launch of its partnered magnetic irrigated catheter, and the delay in FDA approval of this device for marketing in the United States, its fourth quarter revenue is expected to be lower than current estimates. The Company expects fourth quarter revenue to be approximately $10 million and fourth quarter orders to be approximately $11 million. The European irrigated catheter launch began in November and the Company has just been notified by its partner of FDA approval for the device.

For the full year 2007, Stereotaxis expects total revenue to increase by approximately 45% to approximately $39 million and recurring revenue from disposables, services and software licensing to increase by more than 100% to more than $8 million. For 2006, the Company generated revenue of $27.2 million and in the fourth quarter of 2006 reported revenue of $14 million.

"The delayed availability of the irrigated catheter has resulted in a lack of clinical reference sites using this device," said Bevil Hogg, Chief Executive Officer of Stereotaxis. "This situation has slowed the conversion of pipeline to backlog and backlog to revenue and negatively impacted both revenue and orders during the fourth quarter. While our fourth quarter performance is disappointing, we believe that the delayed order and revenue momentum will ultimately be regained once full scale availability of the irrigated catheter in the U.S. is attained.

"With approximately 140 institutions committed to our technology, the continued expansion of our backlog, no order can
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SOURCE Stereotaxis, Inc.
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