Stereotaxis Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company's revenue totaled $13.3 million, an increase of 26% over $10.6 million for the third quarter of 2008. Operating loss was $5.8 million compared with a $10.0 million operating loss in the same period in 2008. The company reported a net loss of $5.8 million, or $0.14 diluted per share. This compared with a net loss of $10.1 million, or $0.28 diluted per share. The increase was due in large part to the issuance of 4.4 million shares as part of two concurrent private placements of stock completed in December 2008. Cash used in operations was $3.5 million compared with $5.5 million in the third quarter of 2008. For the first nine months of 2009, revenue grew 31% to $37.1 million compared with $28.2 million in the first nine months of 2008. Operating loss was $18.0 million compared with a $34.6 million operating loss in the same period in 2008. Net loss was $20.7 million or $0.50 diluted per share compared to $36.3 million or $1.00 diluted per share for the same period a year ago. For the year 2009, the company expects total revenue to exceed 2008 revenue.

Stereotaxis Inc., Q3 2009 Earnings Call, Nov-05 2009

Stereotaxis Inc. expected to Report Fiscal Year 2009 Results on February 26, 2010. This event was calculated by Capital IQ (Created on October 22, 2009).