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

growth has been delayed during the fourth quarter, 2007 revenue set a record for the Company and represented an increase of at least 45% from 2006 revenue," continued Mr. Hogg. "Furthermore, recurring revenue from installed systems more than doubled during 2007 and we believe, due to the size of our installed base, utilization rates, and disposable pricing trends, revenue from these sources will significantly increase again in 2008. Most importantly, the irrigated catheter has been generating enormous enthusiasm from clinicians in Europe who are using the device in conjunction with our recently released software to very successfully treat complex arrhythmias. We look forward to hearing of their initial experiences during the upcoming Boston Afib conference on January 17 and 18."

The Company expects to report its fourth quarter and full year 2007 results in March, 2008. In addition, total cash, investments, and available credit as of December 31, 2007, exceeded $30 million.

Conference Call Information

The Company has scheduled a conference call for 6:00 p.m. Eastern Standard Time today. To access the conference call, please dial (800) 240-4186. International participants can call (303) 262-2138. An audio replay of the call will be available for seven days following the call at (800) 405-2236 for U.S. callers or (303) 590-3000 for those calling outside the U.S. The password required to access the replay is 11107083#. The call will also be available on the Internet live and for 90 days thereafter at the following URL: http://www.stereotaxis.com.

About Stereotaxis

Stereotaxis designs, manufactures and markets an advanced cardiology instrument control system for use in a hospital's interventional surgical suite to enhance the treatment of coronary artery disease and arrhythmias. The Stereotaxis System is designed to enable physicians to complete more complex interventional procedure
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SOURCE Stereotaxis, Inc.
Copyright©2008 PR Newswire.
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