Navigation Links
Stereotaxis Reports Record First Quarter Orders
Date:5/6/2008

to be augmented by the launch later this year of our advanced CardioDrive II model, which will be previewed at HRS, we see our recurring revenue stream accelerating significantly in 2009. For that year, we have a goal of approximately 20,000 procedures and expect to generate revenues per procedure of more than $1,000 from a combination of royalties and proprietary disposables to which will be added substantial service, software license and network connection fees. Thus, we are gaining confidence in our drive to profitability and believe that, once the irrigated catheter is in full commercial release, the key elements of our profitability will be per- procedure pricing power, rapidly accelerating Odyssey sales, continued strong growth in Niobe system sales, and gross margins on the order of 70%, coupled with continued focus on operating expense control," concluded Mr. Hogg.

First Quarter Financial Performance

Gross margin for the quarter was 65% of revenue or $4.6 million, similar to the 65% of revenue or $5.9 million realized in the first quarter 2007.

First quarter operating expenses increased 7% to $17.8 million in the quarter, compared to $16.7 million in the first quarter of 2007. The increase was driven by higher sales and marketing, and general and administrative expenses.

R&D expenses for the three months ended March 31, 2008, decreased 17% to $4.7 million, compared to $5.7 million in the same period in 2007. The decrease is related to a reduction in expenses for new product introductions and further device development.

The $17.8 million of total operating expenses for the three months ended March 31, 2008 decreased by approximately $1.0 million compared to the $18.9 million recorded in the three months ended December 31, 2007, in line with the company's previously established objectives regarding overall operating expense levels in 2008.

The Company reported a net loss for the first quarter of 2008 of $13.5 million,
'/>"/>

SOURCE Stereotaxis, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9

Related medicine news :

1. Stereotaxis to Present at the Deutsche Bank 33rd Annual Health Care Conference
2. Stereotaxis Niobe Magnetic Navigation Systems Perform Approximately 15,000 Cases
3. Stereotaxis Appoints Senior Vice President of Global Marketing and General Manager for Europe
4. Stereotaxis Announces Fourth Quarter and Full Year 2007 Earnings Release Date and Conference Call
5. Stereotaxis to Present at the Deutsche Bank Small- and Mid-Cap Growth Conference
6. Stereotaxis Receives $20 Million in Additional Loan Commitments
7. Stereotaxis Provides Fourth Quarter 2007 Revenue Outlook
8. Stereotaxis Highlights Live Coronary and Peripheral Vascular Cases Performed at TCT With Stereotaxis Magnetic Navigation System
9. Stereotaxis Showcases Interventional Cardiology Capabilities of Niobe Magnetic Navigation System
10. Stereotaxis Highlights New Data on Acute Success in AFib Treatments With Niobe Magnetic Navigation System
11. Kaiser Foundation Health Plan and Hospitals Reports First Quarter 2008 Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/16/2014)... (PRWEB) September 16, 2014 Antioch University ... of Arts in Clinical Mental Health Counseling from ... growing list of programs offered through Antioch’s online campus. ... starting January 2015. , "Antioch University New England’s MA ... in the field and a track record of preparing ...
(Date:9/16/2014)... The rapidly increasing cost of compounded ... employers and PBMs as spending on these specialized drugs ... Once a concentrated, patient-specific practice, compounding has become commonplace ... Information Services, Inc. (AIS), “Controlling the Cost of ... of what one leading health insurer and its internal ...
(Date:9/16/2014)... BQuick Nutrition is pleased to announce ... popular products - BQuick BURN Clarinol CLA Powder. The ... public about the many benefits of the product when ... mass. As well as having a contemporary new look, ... and nutritional information - making it easier for customers ...
(Date:9/16/2014)... 16, 2014 The Living Ethics lecture ... fall. Reflecting on what it means to live in ... investigates unique and thought-provoking topics. , “The Museum’s job ... to look at their world differently. The Living ... stage for truly enlightening dialogue,” says Richard Conti, Chief ...
(Date:9/16/2014)... MI (PRWEB) September 16, 2014 DiaperBuys, ... is honoring ‘Healthy Aging’ Month this September. Healthy Aging ... focus attention across the nation on the positive aspects ... are dealing with conditions or side effects from medications ... and Community Outreach Manager for DiaperBuys.com. “This can seem ...
Breaking Medicine News(10 mins):Health News:Antioch University Launches Online Master’s Degree Program in Clinical Mental Health Counseling 2Health News:Sept. 25 Webinar to Offer Health Plan, Employer Strategies to Control Compounded Medication Costs 2Health News:BQuick Nutrition Announces Newly Branded BURN Clarinol CLA Powder 2Health News:BQuick Nutrition Announces Newly Branded BURN Clarinol CLA Powder 3Health News:Expanding Community Vision at the Science Museum of Virginia 2Health News:DiaperBuys Honors ‘Healthy Aging’ Month throughout September 2Health News:DiaperBuys Honors ‘Healthy Aging’ Month throughout September 3
... used to treat colorectal cancer also can reverse a ... for the disease, researchers at Vanderbilt University Medical Center ... the stomach lining, severe abdominal pain, nausea and vomiting, ... and ankles due to protein loss. Patients are at ...
... flesh that mimicked parts of speech colored perception of sounds ... not only with their ears, but also with their skin, ... designed to mimic certain types of speech actually helped people ... never been able to show whether we could use tactile ...
... , ... premier resource for life science careers and information, unveiled the third edition of the ... ... for life science careers and information, unveiled the third edition of the BioForest™ Hotbed ...
... , MT. CLEMENS, Mich., Nov. 25 Two more ... Saturday, Dec. 5, the Macomb County Health Department announced today. They ... Freedom Hill County Park in Sterling Heights. , The Dec. 3 ... 5 one will run from 9 a.m. to 3 p.m. The ...
... , AVENTURA, Fla., Nov. 25 Daniel Touizer, ... Health , a nationwide provider of guaranteed issue health insurance benefit programs, ... in five Americans are without a full-time job and unlikely to have health ... number, which has spiked to 17.5%, the highest rate in over 20 years," ...
... available in French and Spanish . ... early diagnosis of certain ocular diseases that are very common today, ... optical technique that, nevertheless, had never before been used for this ... image quality in subjects affected by one of these two pathologies, ...
Cached Medicine News:Health News:Vanderbilt scientists report first effective medical therapy for rare stomach disorder 2Health News:Your Skin Can Help Your Ears Listen 2Health News:Your Skin Can Help Your Ears Listen 3Health News:BioSpace Showcases Leading Life-Science Companies in the Northwest 2Health News:Macomb County Health Department Schedules Two More H1N1 Flu Vaccine Clinics Dec. 3 and 5 2Health News:Cinergy Health Commentary on Health Care for the Unemployed 2Health News:Achieve early diagnosis of ocular pathologies such as keratitis and macular degeneration 2
(Date:9/15/2014)... , Sept. 15, 2014  Patients in today,s ... care more frequently in an outpatient setting versus a ... curve and to ensure that patients continue to receive ... the launch of its new internal medicine residency program. ... more often in office, clinic and even virtual settings. ...
(Date:9/15/2014)... , Sept. 15, 2014  Valeant Pharmaceuticals International, Inc. ... its wholly owned subsidiary, Valeant Pharmaceuticals International, will redeem ... of its 6.75% Senior Notes due 2017, CUSIP Nos. ... 2014 and has mailed an irrevocable notice of redemption ... a copy of the irrevocable notice of redemption with ...
(Date:9/15/2014)... , Sept. 15, 2014 myMatrixx has extended ... Stanos with an expanded role that includes direct ... Dr. Stanos, a nationally recognized physiatrist and pain management ... to rehabilitation and workers, compensation, is Board Certified in ... American Board of Pain Medicine and subspecialty boarded by ...
Breaking Medicine Technology:Kaiser Permanente Hawaii Launches New Internal Medicine Residency Program 2Kaiser Permanente Hawaii Launches New Internal Medicine Residency Program 3Valeant Announces Redemption of All of the Outstanding $500.0 Million Aggregate Principal Amount of its 6.75% Senior Notes due 2017 2myMatrixx Announces Expanded Role for Medical Director Steven P. Stanos, Jr., DO 2
... 2009 Convention -- When Shawnae Jebbia won the Miss USA ... career. She appeared at events throughout the world, worked as ... world unexpectedly changed when she was diagnosed with hearing loss. ... had a difficult time understanding and accepting the sudden hearing ...
... eResearchTechnology, Inc. (ERT), (Nasdaq: ERES ), a leading provider ... medical device and related industries, announced today results for the ... Unless otherwise noted, all comparative numbers refer to changes from ... , Financial highlights for the third quarter of 2009: ...
Cached Medicine Technology:Former Miss USA Shawnae Jebbia Shines with Siemens Pure 2Former Miss USA Shawnae Jebbia Shines with Siemens Pure 3ERT Reports Third Quarter 2009 Results 2ERT Reports Third Quarter 2009 Results 3ERT Reports Third Quarter 2009 Results 4ERT Reports Third Quarter 2009 Results 5ERT Reports Third Quarter 2009 Results 6ERT Reports Third Quarter 2009 Results 7ERT Reports Third Quarter 2009 Results 8ERT Reports Third Quarter 2009 Results 9ERT Reports Third Quarter 2009 Results 10ERT Reports Third Quarter 2009 Results 11ERT Reports Third Quarter 2009 Results 12ERT Reports Third Quarter 2009 Results 13
Aaron 1250 is a multipurpose electrosurgical generator with monopolar and bi-polar functions....
Bipolar foot activated forceps....
Cushing bayonet....
Bipolar hand activated forceps....
Medicine Products: