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

ssories 2,651,053 1,953,512

Total revenue 7,028,451 9,160,955

Cost of revenue:

Systems 1,856,102 2,529,808

Disposables, service and accessories 569,960 720,540

Total cost of revenue 2,426,062 3,250,348

Gross margin 4,602,389 5,910,607

Operating expenses:

Research and development 4,698,797 5,694,691

Sales and marketing 7,663,713 6,079,923

General and administrative 5,476,122 4,942,935

Total operating expenses 17,838,632 16,717,549

Operating loss (13,236,243) (10,806,942)

Interest income 107,728 382,454

Interest expense (402,651) (79,617)

Net loss $(13,531,166) $(10,504,105)

Net loss per common share:

Basic and diluted $(0.37) $(0.31)

Weighted average shares used in

computing net loss per common share:

Basic and diluted 36,493,662 34,409,573

Stereotaxis, Inc.

Balance Sheets

At March 31, 2008

(Unaudited)

March 31, December 31,

2008 2007

Assets

Current Assets:

Cash and cash equivalents $10,973,108 $17,022,200

Short-term investments - 6,634,178

Accounts receivable, net of

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

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