Image-guided interventional surgery firm Stereotaxis of St. Louis posted healthy revenue for its 2009 fiscal first quarter (end-March 31).
For the period, the firm posted revenue of $11.1 million, an increase of 58% over the $7 million reported for the same period in 2008. The company recognized revenue on sales of five Niobe magnetic navigation systems and five Odyssey systems totaling $6.9 million, while revenue from disposables, services, and accessories was $4.3 million, a 61% increase versus the same period in 2008.
The company also reported a net loss of $7.5 million for the quarter, a 44% decrease compared to a loss of $13.5 million for the first quarter of fiscal 2008.
Related Reading
Stereotaxis inks alternative financing deal, March 12, 2009
Stereotaxis launches Odyssey Cinema, October 23, 2008
Stereotaxis reaches Niobe milestone, May 1, 2008
Stereotaxis adds to executive lineup, April 7, 2008
Stereotaxis appoints new CMO, January 17, 2008
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