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Stereotaxis Reports Third Quarter Financial Results
Date:11/1/2010

ables

63,80066,800Inventories

5,258,3384,403,675Prepaid expenses and other current assets

2,585,1393,872,535Total current assets

40,609,84950,042,208Property and equipment, net

4,108,1374,790,310Intangible assets

2,653,9451,144,445Long-term receivables

136,845138,441Other assets

5,1135,112Total assets

$
47,513,889$   56,120,516Liabilities and stockholders' equityCurrent liabilities:   Current maturities of long-term debt

$
20,969,199$
3,333,333   Accounts payable

6,754,6723,881,205   Accrued liabilities

7,840,9848,615,287   Deferred contract revenue

7,172,3967,191,492   Warrants

4,092,7844,142,614Total current liabilities

46,830,03527,163,931Long-term debt, less current maturities

5,555,75420,346,655Long-term deferred contract revenue

436,094948,574Other liabilities

11,46220,013Stockholders' equity:Preferred stock, par value $0.001; 10,000,000 shares authorized at 2010 and 2009; none outstanding at 2010 and 2009

--Common stock, par value $0.001; 100,000,000 shares authorized at 2010 and 2009; 50,403,055 and 50,208,171 issued at 2010 and 2009, respectively

50,40350,208   Additional paid-in capital

335,721,565331,249,918   Treasury stock, 40,151 shares at 2010 and 2009

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

(340,885,425)(323,452,784)Total stockholders' equity

(5,319,456)7,641,343Total liabilities and stockholders' equity

$
47,513,889$   56,120,516STEREOTAXIS, INC.STATEMENTS OF OPERATIONS(Unaudited)Three Months Ended
September 30,Nine Months Ended
September 30,2010200920102009Revenue   System

$  8,153,088$  8,671,302$
22,826,700$  23,694,613   Disposables, service and accessories

5,719,1664,619,39116,680,24113,373,484Total revenue

13,872,25413,290,69339,506,94137,068
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SOURCE Stereotaxis, Inc.
Copyright©2010 PR Newswire.
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