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Stereotaxis Inc

stereotaxis.com

What Do They Do?

Designs and sells robotic navigation systems, interventional devices and information systems for hospitals and physicians performing cardiac and other endovascular procedures.

How Do They Make Money?

Most revenue comes from disposables, service and accessories: disposable products are counted when shipped or delivered, while service and software updates bring in payments over time. Hospitals also buy systems and installation, counted when delivery or installation is accepted.

revenue
SegmentShareRevenue
Systems
Mix

32%
FY2022: 24%
Disposables Service and Accessories
68%
FY2022: 76%

Who Are Their Customers?

Hospitals buy systems directly or through distributors; physicians use the devices, and Stereotaxis markets products through direct sales staff, distributors and sales agents.

Do Revenues Turn Into Profits?

No. It lost $21.6M in FY2025.

Operating income, FY2025
−68% of revenue
▼ −11% (Loss) vs FY2024 (−$24.7M, −92%)
Net income, FY2025
−67% of revenue
▼ −10% (Loss) vs FY2024 (−$24M, −89%)
Free cash flow, FY2025
−43% of revenue
▲ +62% (Loss) vs FY2024 (−$8.5M, −32%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▼ −13%
vs $8.8M in Q2 FY2025
Net income
▲ +17% (Loss)
vs −$3.8M in Q2 FY2025
Disposables Service and Accessories share of revenue vs 65.5% in Q2 FY2025

Flat. Revenue was $32.4M in FY2025, about the same as the $35M of FY2021.

Digital lab solutions The earlier report centers its digital offering on Odyssey and Odyssey Cinema; the latest says they are being replaced by Synchrony and SynX, which add consolidated displays and remote connectivity.

More interventional devices The earlier report named Genesis RMN and Odyssey as primary products; the latest includes Map-iT, MAGiC and EMAGIN interventional devices, including Map-iT catheters from APT.

Revenue over time
Systems Disposables Service and Accessories Sublease
$50M$25M$0

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