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Stereotaxis Reports 2010 Financial Results, Provides 2011 Financial Outlook
Date:2/28/2011

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

$
8,293,334$
8,966,960$
31,120,034$
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

$
(2,490,846)$
(6,710,851)$
(19,923,487)$
(27,494,457)Net loss per common share:   Basic and diluted

$
(0.05)$
(0.14)$
(0.39)$
(0.63)Weighted average shares used in computing net loss per common share: Basic and diluted

52,501,46048,374,73550,522,00143,344,324
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SOURCE Stereotaxis, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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