Brief: Stereotaxis Reports Q3 Loss Per Share Of $0.03

Stereotaxis

09/11/2020 14:35

Nov 9 (Reuters) - Stereotaxis Inc  STXS.A :
    * STEREOTAXIS REPORTS 2020 THIRD QUARTER FINANCIAL RESULTS
    * Q3 REVENUE $8.7 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$7.8
MILLION
    * AT SEPTEMBER 30, 2020, STEREOTAXIS HAD CASH AND CASH
EQUIVALENTS
OF $43.8 MILLION
    * QTRLY LOSS PER SHARE $0.03
    * ANTICIPATES ROBUST DOUBLE-DIGIT REVENUE GROWTH IN 2021,
WITH
GENESIS RMN SYSTEM REVENUE OF $10-20 MILLION
    * ANTICIPATES ENDING 2020 WITH GREATER THAN $43 MILLION CASH
AND
CASH EQUIVALENTS
    * BALANCE SHEET ALLOWS IT TO REACH PROFITABILITY WITHOUT
NEED FOR
ADDITIONAL FINANCINGS
    * Q3 EARNINGS PER SHARE VIEW $-0.03 -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX9pCfPK 
Further company coverage:  STXS.A 

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