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Stereotaxis Reports 2010 Financial Results, Provides 2011 Financial Outlook

ONS(Unaudited)Three Months Ended
December 31,Twelve Months Ended
December 31,2010200920102009Revenue   System

32,661,573   Disposables, service and accessories

6,250,9625,114,43122,931,20318,487,982Total revenue

14,544,29614,081,39154,051,23751,149,555Cost of revenue   System

3,236,9753,990,42412,719,20013,240,430   Disposables, service and accessories

625,807619,0612,845,4873,781,203Total cost of revenue

3,862,7824,609,48515,564,68717,021,633Gross margin

10,681,5149,471,90638,486,55034,127,922Operating expenses:Research and development

2,648,1914,012,97712,244,16314,260,854Sales and marketing

7,768,0847,269,73830,178,81828,694,540General and administration

3,685,0524,003,44915,022,68915,010,490Total operating expenses

14,101,32715,286,16457,445,67057,965,884Operating loss

(3,419,813)(5,814,258)(18,959,120)(23,837,962)Other income/(expense)

2,010,516845,4702,060,346911,977Interest income

2,64410,69910,57844,768Interest expense

(1,084,193)(1,752,762)(3,035,291)(4,613,240)Net loss

(27,494,457)Net loss per common share:   Basic and diluted

(0.63)Weighted average shares used in computing net loss per common share: Basic and diluted


SOURCE Stereotaxis, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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