STXS - Stereotaxis GAAP EPS of -$0.07 beats by $0.01 revenue of $7.86M beats by $1.18M
2023-08-10 09:04:53 ET
- Stereotaxis press release ( NYSE: STXS ): Q2 GAAP EPS of -$0.07 beats by $0.01 .
- Revenue of $7.86M (+27.8% Y/Y) beats by $1.18M .
- Outlook: Stereotaxis reiterates its expectation of double-digit revenue growth in 2023 driven by revenue recognition of system backlog and new system orders. Accelerating revenue growth in subsequent years is expected to be supported by new technology launches.
- Stereotaxis expects to end the year with $22-24 million in cash and no debt. This balance sheet allows us to advance a transformative product ecosystem to market, fund its commercialization, and reach profitability without the need for additional financing.
- Shares +8.45% PM.
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Stereotaxis GAAP EPS of -$0.07 beats by $0.01, revenue of $7.86M beats by $1.18M