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Stereotaxis Reports Record Second Quarter Revenue
Date:8/5/2008

and other commitments are subject to contingencies that are outside of the Company's control. In addition, these orders and commitments may be revised, modified or canceled, either by their express terms, as a result of negotiations, or by project changes or delays.

STEREOTAXIS, INC.

STATEMENTS OF OPERATIONS

(Unaudited)

Three Months Ended Six Months Ended

June 30, June 30,

2008 2007 2008 2007

Revenue

System $7,898,310 $5,771,587 $12,275,707 $12,979,029

Disposables,

service and

accessories 2,760,282 2,063,652 5,411,335 4,017,165

Total revenue 10,658,592 7,835,239 17,687,042 16,996,194

Cost of revenue

System 3,868,166 1,952,482 5,724,268 4,482,290

Disposables,

service and

accessories 314,471 520,196 884,431 1,240,735

Inventory

impairment - 1,870,653 - 1,870,653

Total cost of

revenue 4,182,637 4,343,331 6,608,699 7,593,678

Gross margin 6,475,955 3,491,908 11,078,343 9,402,516

Operating

expenses:

Research and

development 4,782,074 7,090,948 9,480,871 12,785,639

Sales and

marketing 8,621,028 6,986,475 16,284,739 13,066,396

General and

administration 5,262,213 4,848,888 10,738,335 9,791,830

Total operating

expenses 18,665,315 18,926,311 36,503,945 35,643,865

Operating loss (12,189,360) (15,434,403) (25,425,602) (26,241,349)

Interest income
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SOURCE Stereotaxis, Inc.
Copyright©2008 PR Newswire.
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