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Stereotaxis Reports Third Quarter Financial Results
Date:11/7/2011

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

(369,893,959)(343,376,271)Total stockholders' equity (deficit)

(14,089,842)10,475,246Total liabilities and stockholders' equity (deficit)

$
36,871,071$   65,761,792STEREOTAXIS, INC.STATEMENTS OF OPERATIONS(Unaudited)Three Months Ended
September 30,Nine Months Ended
September 30,2011201020112010Revenue   System

$
2,037,742$
8,153,088$
,350,461$
22,826,700   Disposables, service and accessories

6,506,2725,719,16619,020,39616,680,241Total revenue

8,544,01413,872,25430,370,85739,506,941Cost of revenue   System

1,723,8743,091,7346,428,7839,482,225   Disposables, service and accessories

933,380763,3482,749,7962,219,680Total cost of revenue

2,657,2543,855,0829,178,57911,701,905Gross margin

5,886,76010,017,17221,192,27827,805,036Operating expenses:Research and development

3,529,3212,868,42610,234,7579,595,972Sales and marketing

6,885,7867,269,00524,936,64122,410,734General and administration

4,527,4893,471,24413,384,31311,337,637Total operating expenses

14,942,59613,608,67548,555,71143,344,343Operating loss

(9,055,836)(3,591,503)(27,363,433)(15,539,307)Other income (expense)

2,611,067(920,222)3,251,82249,830Interest income

1,8173,0047,1377,934Interest expense

(830,118)(635,176)(2,413,214)(1,951,098)Net loss

$   (7,273,070)$   (5,143,897)$
(26,517,688)$
(17,432,641)Net loss per common share:   Basic and diluted

$
(0.13)$
(0.10)$
(0.48)$
(0.35)Weighted average shares used in computing net
loss per common share: Basic and diluted

54,878,23550,137,85754,793,50949,847,321
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SOURCE Stereotaxis, Inc.
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