Stereotaxis Ord Stock Price, News & Analysis

Stereotaxis (NYSE: STXS) announced that Oulu University Hospital in Finland has successfully implemented and begun treating patients with the advanced Genesis Robotic Magnetic Navigation (RMN) System. The hospital, which has previously treated over 2,000 patients with earlier versions of the technology, is now enhancing its arrhythmia care capabilities in northern Finland.

The Genesis System represents a significant advancement in Robotic Magnetic Navigation technology for cardiac ablation procedures, offering robotic precision and safety in treating arrhythmias. This condition, affecting tens of millions globally, can lead to increased risks of stroke, heart failure, and sudden cardiac arrest if left untreated.

Dr. Jarkko Magga, Cardiac Electrophysiologist at Oulu University, highlighted that robotic technology has been important to their team's ability to provide superior care for complex cardiac arrhythmias over the past 15 years. The hospital's adoption of the Genesis System demonstrates their commitment to maintaining high-quality patient care standards.

Stereotaxis (NYSE: STXS) and MicroPort EP announced that China's NMPA has approved the Magbot™ Magnetic Navigation Ablation Catheter. This single-use magnetic saline-irrigated radiofrequency ablation catheter works exclusively with Stereotaxis' robotic systems and MicroPort EP's Columbus™ 3D EP Mapping System.

The Magbot™ features advanced design elements including a unique six-electrode configuration for enhanced safety and reduced fluoroscopy needs. It's approved for treating drug-resistant persistent atrial fibrillation and other cardiac conditions. The catheter enables precise positioning with millimeter-level accuracy using low-intensity magnetic fields.

MicroPort EP will handle the commercial launch in China through its existing sales team, with Stereotaxis sharing in the proceeds from Magbot™ adoption.

Stereotaxis (NYSE: STXS) announced that its latest GenesisX robotic system is being featured at Neusoft Medical Systems' booth during RSNA 2024, the world's premier radiology forum in Chicago. The system is being showcased alongside Neusoft's NeuAngio 30F fluoroscopy system, marking a growing collaboration between the companies to integrate and commercialize complementary technologies.

GenesisX builds upon Robotic Magnetic Navigation technology, aiming to enhance precision, efficiency, and safety in endovascular procedures while reducing hospital adoption barriers. The event, attended by over 50,000 professionals from 150+ countries, represents the first public showcase of the GenesisX system.

Stereotaxis (NYSE: STXS), a leader in surgical robotics for minimally invasive endovascular intervention, announces its participation in the Piper Sandler 36th Annual Healthcare Conference. Chairman and CEO David Fischel will present the company's technology and growth strategy on December 5, 2024, at 2:00 pm ET, and will be available for one-on-one meetings.

The company's innovative robotics technology has been utilized in treating over 150,000 patients globally across the United States, Europe, Asia, and other regions. Stereotaxis focuses on developing robotic systems, instruments, and information solutions for the interventional laboratory, aiming to enhance physician care delivery with robotic precision and safety.

Stereotaxis (NYSE: STXS) and MicroPort EP announced that China's National Medical Products Administration (NMPA) has approved the Genesis RMN® System. This approval enables the commercialization of advanced robotic technology for minimally-invasive procedures in China. MicroPort EP will lead the commercial launch through its existing electrophysiology sales teams. The approval is part of a broader collaboration between both companies, announced in August 2021, which includes development and integration of robotic systems, navigated catheters, and MicroPort EP's Columbus™ 3D mapping system. The Genesis system, already FDA-cleared and CE-marked, has been used to treat thousands of patients in the US and Europe.

Stereotaxis (NYSE: STXS) announced that Hospital da Luz in Lisbon, Portugal has successfully implemented and treated its first patients using the Genesis Robotic Magnetic Navigation (RMN) System. Hospital da Luz Lisboa, part of Portugal's largest health group Luz Saude, is a university hospital that has performed over 4,000 robotic cardiac ablation procedures. The Genesis System represents the latest advancement in Robotic Magnetic Navigation technology, designed to treat arrhythmias through minimally invasive cardiac ablation procedures with robotic precision and safety.

Stereotaxis (NYSE: STXS) reported Q3 2024 financial results with total revenue of $9.2 million, up 18% year-over-year. System revenue was $4.4 million and recurring revenue was $4.8 million. The company achieved CE Mark for GenesisX robotic system and expects European CE Mark approval for MAGiC ablation catheter soon. Gross margin was 45%, with operating loss of $6.3 million. The quarter saw partial revenue recognition of three Genesis systems and orders for two additional systems. Cash balance stood at $11.0 million as of September 30, 2024, increasing to $13.3 million by end of October, with no debt.

Stereotaxis (NYSE: STXS) announced that the University of Kansas Health System has successfully implemented and treated its first patients using the Genesis Robotic Magnetic Navigation (RMN) System. The Genesis System represents the latest advancement in robotic technology for cardiac ablation procedures, treating arrhythmias with robotic precision and safety. Dr. Seth Sheldon, Cardiac Electrophysiologist at the facility, highlighted how the system's precision and stability enable delivery of personalized treatments, improving patient outcomes and quality of life. The technology has been used to treat over 150,000 patients globally.

Stereotaxis (NYSE: STXS), a pioneer in surgical robotics for minimally invasive endovascular intervention, announced it will release its 2024 third quarter financial results on November 11, 2024, after U.S. market close. The company will host a conference call and webcast at 4:30 p.m. ET to discuss results and corporate developments. Stereotaxis technology has been used to treat over 150,000 patients globally across the United States, Europe, Asia, and other regions.