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Stereotaxis (STXS) investor relations material
Stereotaxis Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved FDA approval of Genesis X robotic system, launched MAGIC and MAGIC Sweep catheters, and completed the acquisition of Access Point Technologies EP, Inc. (APT), expanding product offerings and in-house catheter development.
Two new Genesis system orders from European hospitals, reflecting robust demand and expansion of new robotic programs in Europe.
Recurring revenue growth driven by new catheter launches, notably MAGIC Sweep in the U.S. and MAGIC ablation catheter in Europe, with MAGIC Sweep generating over $300,000 in its first two months.
Gross margin improved to 55% in Q3 2025 from 45% a year ago, mainly due to product mix.
Operating loss for Q3 2025 was $6.6 million, with net loss attributable to common stockholders of $6.5 million.
Financial highlights
Q3 2025 revenue was $7.5 million: $1.9 million from systems and $5.6 million from recurring revenue; nine-month revenue rose 15% to $23.7 million.
Gross margin was 55%; recurring revenue gross margin 67%, system gross margin 19%.
Operating loss and net loss were $6.6 million and $6.5 million; adjusted operating loss and net loss (excluding non-cash charges) were $2.5 million and $2.4 million.
Cash and equivalents at quarter-end were $10.5 million, with no debt; pro forma cash including pending financing would be $14.5 million.
$8.5 million raised in July 2025 direct offering; additional $4 million expected in Q4 2025.
Outlook and guidance
Q4 2025 revenue expected to exceed $9 million, with system revenue around $3 million and recurring revenue over $6 million.
Full-year 2025 revenue growth projected at over 20% year-over-year, with double-digit growth guidance reaffirmed.
2026 expected to see sustained growth in both system and recurring revenue, with quarterly revenue projected to average over $10 million.
Management expects continued losses in 2025 as investments in R&D, commercialization, and regulatory approvals persist.
Cash on hand, including proceeds from equity raises, is expected to fund operations, but additional financing may be needed if macroeconomic conditions worsen.
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