May. 12 at 8:40 PM
$STXS
STXS results: https://ir.stereotaxis.com/news-releases/news-release-details/stereotaxis-reports-2026-first-quarter-financial-results
Revenue for the first quarter of 2026 totaled
$6.3 million compared to
$7.5 million in the prior year first quarter. System revenue of
$1.3 million and recurring revenue of
$5.0 million compared to
$2.0 million and
$5.5 million respectively, in the prior year first quarter. System revenue in the quarter reflects partial revenue recognition on the installation of one Genesis system and other ancillary systems. Recurring revenue is pressured by the transition away from the dependency on legacy J&J catheters with still modest contributions from Stereotaxis’ new proprietary catheters.
Forward Looking Expectations
Stereotaxis anticipates double digit revenue growth for the full year 2026, with annual revenue expected to surpass
$40 million. Revenue will grow sequentially over the course of the year in line with manufacturing increases for GenesisX and MAGiC, with revenue in both the third and fourth quarters expected to exceed
$10 million