Atrial Fibrillation
Stereotaxis Reports Third Quarter 2008 Financial Results
Published in Lab Law Weekly, November 21st, 2008
Stereotaxis, Inc. (NASDAQ:STXS) reported its financial results for the third quarter ended September 30, 2008. Revenue for the third quarter of 2008 was $10.6 million as the Company recognized revenue on six Niobe(R) Magnetic Navigation Systems and shipped three additional systems for which it expects to recognize revenue in the fourth quarter of 2008 and first quarter of 2009. Revenue from Niobe(R) and Odyssey(TM) systems totaled $7.4 million, while disposables, services and accessories revenue was $3.2 million. Revenue in the third quarter of 2007 was $12.0 million. Operating expenses in the recent third quarter declined by $2.6 million, or 14% from the third quarter of last year, and...
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Source: Lab Law Weekly (2008-11-21)
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