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Stereotaxis (STXS) investor relations material
Stereotaxis Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 priorities: scale accessible capital systems through GenesisX and Synchrony, and grow recurring revenue from disposable robotic catheters.
New system sales lifted revenue, while catheter supply limits and the transition away from Johnson & Johnson constrained recurring revenue.
Management sees a path to profitability in 2027, supported by recurring revenue growth and more consistent capital sales.
Financial highlights
Q3 revenue was $8.9M, up 20% YoY and 16% sequentially; 9M revenue was $22.9M versus $23.7M in 2025.
Q3 system revenue was $3.0M versus $1.9M YoY; recurring revenue was $5.9M, up 6% YoY and down 4% sequentially.
Operating and net losses were each $6.5M; 9M operating loss was $17.0M and net loss was $16.8M.
Adjusted Q3 operating and net losses were $5.1M and $5.2M, versus $2.5M and $2.4M YoY.
Operating expenses were $10.4M, including $1.3M of non-cash charges; adjusted operating expenses were $9.1M versus $6.6M YoY.
Outlook and guidance
Management expects recurring revenue growth and more consistent capital sales in coming quarters, with a pathway to profitability in 2027.
Adjusted operating expenses, excluding non-cash and one-time items, are expected to be ~$8M per quarter; revenue growth with stable expenses is expected to support cash-flow profitability within a year.
Gross margins are expected to remain near current levels in the near term, with significant expansion opportunity in 2027 and 2028.
A Q4 recurring revenue high watermark is expected, even without improved MAGiC shipments, primarily from alternative catheters in Europe.
Catheter supply constraints could be resolved in early 2027 following regulatory decisions supporting redundant supply.
- Robotic innovation, clinical validation, and global expansion drive strong growth and market leadership.STXS
Investor presentation - Recurring revenue surged 270% on new catheter adoption, with profitability targeted for early 2027.STXS
Q2 2026 - Resale registration for 108M+ shares highlights dilution and integration risks after Robocath deal.STXS
Registration filing - Registers 19.9% of shares for resale post-Robocath acquisition; no proceeds to company.STXS
Registration filing - Robotic magnetic navigation and digital innovation drive safer, scalable endovascular surgery worldwide.STXS
Investor presentation - Regulatory wins, new products, and Robocath deal drive optimism for double-digit 2026 growth.STXS
Q1 2026 - Acquisition accelerates robotic leadership in endovascular care, targeting rapid market growth.STXS
M&A announcement - Vote on director elections, auditor ratification, and executive compensation by May 13, 2026.STXS
Proxy filing - Q1 2025 revenue up 9% to $7.5M, driven by recurring revenue and innovation, despite higher net loss.STXS
Q1 2025
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Next Stereotaxis earnings date
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