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Stereotaxis Reports First Quarter 2011 Financial Results

umulated deficit

(352,926,204)(343,376,271)Total stockholders' equity

1,834,88710,475,246Total liabilities and stockholders' equity

March 31,20112010Revenue   System

5,233,755   Disposables, service and accessories

5,936,5285,382,854Total revenue

10,224,70410,616,609Cost of revenue   System

2,184,4782,076,717   Disposables, service and accessories

820,501843,953Total cost of revenue

3,004,9792,920,670Gross margin

7,219,7257,695,939Operating expenses:Research and development

3,394,2593,369,538Sales and marketing

8,338,3366,695,117General and administration

4,250,2693,890,336Total operating expenses

15,982,86413,954,991Operating loss

(8,763,139)(6,259,052)Other income/(expense)

20,346(1,537,169)Interest income

3,1872,782Interest expense

(810,327)(633,118)Net loss

(8,426,557)Net loss per common share:   Basic and diluted

(0.17)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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