Image-guided interventional surgery firm Stereotaxis of St. Louis reported its fourth-quarter 2009 financial results (end-December 31), posting a 16% increase propelled by sales of its Niobe magnetic navigation system and its Odyssey product line.
Revenue for the quarter grew 16% to $14.1 million, compared with $12.1 million in the same quarter a year ago. Net loss decreased 11%, from $7.5 million in the fourth quarter of 2008 to $6.7 million for the fourth quarter of 2009.
For the full year of 2009, revenue grew 27% to $51.1 million, compared with $40.4 million in 2008. Net loss decreased 37%, from $43.9 million in 2008 to $27.5 million in 2009, Stereotaxis said.
Related Reading
FDA clears Stereotaxis catheter, January 12, 2010
Stereotaxis reports revenue growth in Q3, November 6, 2009
Stereotaxis secures further credit, October 7, 2009
Stereotaxis posts Q2 results, taps new CFO, August 7, 2009
Stereotaxis reports healthy Q1, May 7, 2009
Copyright © 2010 AuntMinnie.com
