Navigation Links
Stereotaxis Reports First Quarter 2009 Financial Results
Date:5/7/2009

Total Revenue $11.1 Million, 58% Increase From Prior Year

Recurring Revenue Climbs to All Time High of $4.3 Million

Record Gross Margin of 69%

Operating Expenses Decrease 17% from Prior Year, Resulting in a 46% Reduction in Operating Loss

ST. LOUIS, May 7 /PRNewswire-FirstCall/ -- Stereotaxis, Inc. (Nasdaq: STXS) today reported financial results for the first quarter ended March 31, 2009. Revenue for the first quarter of 2009 totaled $11.1 million, an increase of 58% over the $7.0 million reported for the same period in 2008. The company recognized revenue on five Niobe(R) Magnetic Navigation Systems and five Odyssey(TM) systems totaling $6.9 million, while disposables, services and accessories revenue was a record $4.3 million, a 61% increase versus the same period in 2008. Purchase orders in the first quarter for Niobe and Odyssey systems totaled $8.8 million, resulting in an ending backlog of $67 million. The Company's operating expenses fell to $14.8 million, a 17% decrease from the first quarter of 2008.

Michael P. Kaminski, President and Chief Executive Officer, said, "During the first quarter, we demonstrated strong revenue growth, exceptionally strong margins on all our products, and a significant uptick in recurring revenue, driven primarily from the launch of the magnetic irrigated catheter. Additionally, the organization continues to focus on key initiatives and drive robust processes resulting in an improvement in operating expenses from prior year.

"The commercial rollout of the magnetic irrigated catheter in Europe and in the U.S. is proceeding very well," Mr. Kaminski added. "All European sites are launched and the rollout began in early March for the U.S. sites. Utilization increased by approximately 40% in March compared with January, r
'/>"/>

SOURCE Stereotaxis, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7

Related medicine news :

1. Stereotaxis Announces First Quarter 2009 Earnings Release Date and Conference Call
2. Stereotaxis Extends Its Credit Facility With Silicon Valley Bank
3. Stereotaxis Signs Agreement With Leading Leasing Specialist to Offer Alternative Financing to Hospital Customers
4. Stereotaxis Announces First Uses of the NAVISTAR(R) RMT THERMOCOOL(R) Catheter
5. Stereotaxis Announces FDA Approval of the NAVISTAR(R) RMT THERMOCOOL(R) Catheter
6. Stereotaxis Reports Fourth Quarter 2008 Financial Results
7. Stereotaxis Annouces First CTO Crossing Procedure With RF PowerAssert(TM) Magnetic Guidewire
8. Stereotaxis to Raise $20 Million in Registered Direct Offering of Common Stock and Warrants
9. Stereotaxis Reports Third Quarter 2008 Financial Results
10. Stereotaxis Announces New Management Appointment
11. Stereotaxis Reports Record Second Quarter Revenue
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/29/2015)... ... August 29, 2015 , ... Next weekend is Labor Day ... astronomically, officially ends on September 22nd this year). For IT security personnel, it should ... on which could prove far more costly than a simple headache. , Joe Caruso, ...
(Date:8/29/2015)... ... August 29, 2015 , ... The popular television program VOICES IN AMERICA, ... that it will be devoting an entire short segment to the subject of diabetes. ... the globe on a daily basis, but recent advancements in medical science may prove ...
(Date:8/28/2015)... Las Vegas, Nevada (PRWEB) , ... August 28, 2015 , ... ... is announcing its decision to make the purchase of CPAP equipment more affordable by ... This offer includes all types of CPAP products and orders of any size. My ...
(Date:8/28/2015)... ... ... With the goal of furthering music education programs in schools, the “Music With ... in Mendon, IL on May 30th, 2015. Backed once again by Best Drug Rehabilitation, ... school districts of Mendon and its neighboring town of Quincy, IL. Best Drug Rehabilitation’s ...
(Date:8/28/2015)... ... August 28, 2015 , ... The 6th Annual ... Brain Aneurysm Foundation has added yet another accolade to its cadre of widespread support—an ... , “With the help of the medical community and the University of Illinois ...
Breaking Medicine News(10 mins):Health News:Business Cyber Security – Come Out of the Summer with a Clean Slate 2Health News:Business Cyber Security – Come Out of the Summer with a Clean Slate 3Health News:Business Cyber Security – Come Out of the Summer with a Clean Slate 4Health News:My Cpap Store Now Offering Delivery Special 0 Cost to You 2Health News:Best Drug Rehabilitation Interviews Country-Rock Duo Highway Run at the 2015 "Music With A Mission" Benefit Concert 2Health News:Chicago Mayor Pens Official Support of Annual Survivor in the City Event Benefitting Brain Aneurysm Foundation 2Health News:Chicago Mayor Pens Official Support of Annual Survivor in the City Event Benefitting Brain Aneurysm Foundation 3
... A five year study undertaken by the King’s College, ... leading to premature death in many people//. This study ... ,According to this research, continued use of sedatives called ... people suffering from Alzheimer's and other types of dementia. ...
... The impact of exercise on body fat differs for boys and ... of Sports Medicine. ,Recommendations on exercise to curb the ... unisex approach, say the authors. ,The findings are based ... 10 at 12 schools in the Republic of Ireland. ...
... March 29 (DPA) A Serbian patient has survived more than ... the Belgrade daily Blic reported Thursday.// ,The gauze ... ago, a spokesman of the Sremska Kamenica cardiovascular institute, 70 ... ,It was found during surgery in mid-March. The latter ...
... died in Indonesia after apparently contracting the lethal H5N1 strain ... ,A preliminary test has revealed the presence of the ... West Sumatra and a 28-year-old woman from Jakarta. ... released. If they confirm the initial test results, Indonesia's death ...
... in blindness among children in a big way in the North ... ,As much as 51.6 per cent of the children in ... over a period of time only because of vitamin-related problems. Effective ... the poor of the North East, a study reveals. ,There is ...
... overweight men who are diagnosed with prostate cancer by biopsy ... a more aggressive// case of the disease than the biopsy ... Duke University Medical Center researcher. ,The finding suggests ... overweight men to receive inadequate or inappropriate treatment that is ...
Cached Medicine News:Health News:Alzheimer's Drugs Lead To Early Deaths 2Health News:Biopsy may Underestimate Prostate Cancer in Obese and Overweight Men 2Health News:Biopsy may Underestimate Prostate Cancer in Obese and Overweight Men 3
(Date:8/28/2015)... , Aug. 28, 2015 ... announced the addition of the "Investigation Report ... to their offering. Developed by Novo ... Novolog) is an important drug for the treatment ... as a fast- acting insulin analog, starts working ...
(Date:8/28/2015)... Aug. 28, 2015  IP Shakti, LLC, today announced that ... Logo - http://photos.prnewswire.com/prnh/20150827/261551LOGO ... "Our new corporate identity signifies our transformation into a company ... analytics platform for patent claim validity." ... the proprietary AIA Shield™ platform, the Company commenced a corporate ...
(Date:8/28/2015)... England and PITTSBURGH ... MYL ) today announced that its shareholders ... plc (NYSE: PRGO ; TASE) and the ... shareholders at an extraordinary general meeting of shareholders ... the votes cast at the extraordinary general meeting. ...
Breaking Medicine Technology:China Insulin Aspart Market Report 2010-2019 - Developed by Novo Nordisk 2IP Shakti, LLC Changes Company Name to Prediqtus, LLC 2Mylan Shareholders Overwhelmingly Approve Proposed Acquisition of Perrigo 2Mylan Shareholders Overwhelmingly Approve Proposed Acquisition of Perrigo 3Mylan Shareholders Overwhelmingly Approve Proposed Acquisition of Perrigo 4Mylan Shareholders Overwhelmingly Approve Proposed Acquisition of Perrigo 5Mylan Shareholders Overwhelmingly Approve Proposed Acquisition of Perrigo 6Mylan Shareholders Overwhelmingly Approve Proposed Acquisition of Perrigo 7Mylan Shareholders Overwhelmingly Approve Proposed Acquisition of Perrigo 8Mylan Shareholders Overwhelmingly Approve Proposed Acquisition of Perrigo 9
... NEW YORK, May 24, 2011 As part ... integration of technology in clinics, hospitals and medical ... integration capabilities. Phreesia,s solution, used by over 10,000 ... automates the check-in process for patients and practice ...
... With 22 percent adoption among medical providers, as ... iPad has become a key tool for US doctors ... innovative practice models. Medical providers are increasingly looking to ... a rapidly changing medical sector. Practice Fusion has noted ...
Cached Medicine Technology:Phreesia's Enhanced Integration Capabilities Provide Better Patient Management for Medical Practices 2iPad Supports Medical Practitioners on the Move 2iPad Supports Medical Practitioners on the Move 3
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
Medicine Products: