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Stereotaxis Reports Second Quarter Financial Results; Rebalances Investment Around Commercialization of Epoch™ and Odyssey™
Date:8/8/2011

55,431,423 and 54,746,240 issued at 2011 and 2010, respectively

55,43154,746   Additional paid-in capital

355,736,551354,002,770   Treasury stock, 40,151 shares at 2010 and 2009

(205,999)(205,999)   Accumulated deficit

(362,620,889)(343,376,271)Total stockholders' equity

(7,034,906)10,475,246Total liabilities and stockholders' equity

$  49,282,819$   65,761,792STEREOTAXIS, INC.STATEMENTS OF OPERATIONS(Unaudited)Three Months Ended
June 30,Six Months Ended
June 30,2011201020112010Revenue   System

$
5,024,543$
9,439,857$
9,312,719$
4,673,611   Disposables, service and accessories

6,577,5965,578,22112,514,12410,961,076Total revenue

11,602,13915,018,07821,826,84325,634,687Cost of revenue   System

2,520,4314,313,7744,704,9096,390,490   Disposables, service and accessories

995,915612,3791,816,4161,456,332Total cost of revenue

3,516,3464,926,1536,521,3257,846,822Gross margin

8,085,79310,091,92515,305,51817,787,865Operating expenses:Research and development

3,311,1773,358,0086,705,4366,727,546Sales and marketing

9,712,5198,446,61218,050,85515,141,730General and administration

4,606,5553,976,0578,856,8247,866,394Total operating expenses

17,630,25115,780,67733,613,11529,735,670Operating loss

(9,544,458)(5,688,752)(18,307,597)(11,947,805)Other income

620,4092,507,221640,755970,052Interest income

2,1332,1485,3204,930Interest expense

(772,769)(682,804)(1,583,096)(1,315,921)Net loss

$   (9,694,685)$   (3,862,187)$   (19,244,618)$   (12,288,744)Net loss per common share:   Basic and diluted

$
(0.18)$
(0.08)$
(0.35)$
(0.25)Weighted average shares used in computing net
loss per common share: Basic and diluted

54,780,87249,885,58954,750,44349,753,046
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SOURCE Stereotaxis, Inc.
Copyright©2010 PR Newswire.
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