Image-guided interventional surgery firm Stereotaxis of St. Louis has reported strong revenue growth and a significant reduction in net loss for Q3 (end-September 30).
The company posted revenue for the third quarter of $13.3 million, an increase of 26% over $10.6 million for the same quarter last year. Stereotaxis reported a net loss for the third quarter of 2009 of $5.8 million, compared with a net loss of $10.1 million for the same quarter last year.
In related news, the company completed a public stock offering, issuing a total of 7.4 million shares of common stock. The transaction will be reflected in fourth quarter and year-end statements.
Related Reading
Stereotaxis secures further credit, October 7, 2009
Stereotaxis posts Q2 results, taps new CFO, August 7, 2009
Stereotaxis reports healthy Q1, May 7, 2009
Stereotaxis inks alternative financing deal, March 12, 2009
Stereotaxis launches Odyssey Cinema, October 23, 2008
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