The chart below shows how STXS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, STXS sees a +8.40% change in stock price 10 days leading up to the earnings, and a +9.43% change 10 days following the report. On the earnings day itself, the stock moves by -5.39%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Increase Announcement: Stereotaxis reported a 39% year-over-year increase in revenue for Q4 2024, totaling $6.3 million compared to $4.6 million in Q4 2023.
System Sales Growth: System revenue for Q4 2024 was $1.4 million, a significant increase from $0.1 million in the prior year, indicating strong growth in system sales.
Recurring Revenue Increase: Recurring revenue for Q4 2024 was $4.9 million, reflecting a full quarter’s contribution from the recent acquisition of APT, compared to $4.5 million in Q4 2023.
Strong System Backlog: The company started 2025 with a system backlog of $15.2 million, indicating strong demand for their products.
CE Mark Approval for MAGIC Catheter: Stereotaxis received CE Mark approval for the MAGIC catheter in Europe, with first sales expected in March, projected to generate approximately $1 million in revenue per quarter by year-end.
CE Mark Approval Milestone: The GenesisX robot received CE Mark approval and is expected to be installed in a European hospital this summer, marking a significant milestone for the company.
Regulatory Submission Announcement: The company announced the regulatory submission of MAGIC Sweep, a robotically navigated high-density mapping catheter, with expected approvals in both Europe and the US in Q3 2025.
Robotic PSA Catheter Progress: Stereotaxis is making progress with partners in robotic PSA catheter solutions, with at least one solution expected to enter first-in-human testing this year.
Regulatory Approval for Catheter: The company submitted EMAGIN, their first vascular catheter, for regulatory approval, which is expected to expand their market reach into neuro interventions and interventional cardiology.
Regulatory Approval in China: Stereotaxis' partner MicroPort received regulatory approval for the Genesis robot and related systems in China, opening up significant market opportunities in that region.
Digital Surgery Platform Development: The company is developing a digital surgery platform, SynX, which will enhance connectivity and AI capabilities in cath labs, with plans to unveil it at an upcoming conference.
Negative
Earnings Miss Report: Stereotaxis, Inc. misses on earnings expectations with reported EPS of $-0.09, below the expected $-0.06.
Increased Operating and Net Loss: Operating loss and net loss in Q4 2024 were $7.6 million and $7.5 million, respectively, compared to $5.3 million and $5 million in the previous year, indicating worsening financial performance.
Increased Operating Loss: Adjusted operating loss for Q4 2024 was $4 million, up from $2.7 million in the previous year, showing increased operational inefficiencies.
Adjusted Operating Loss Comparison: Full year 2024 adjusted operating loss of $12.8 million compared to $11.3 million in the prior year, reflecting ongoing financial struggles.
Free Cash Flow Challenges: Negative free cash flow for the full year was $8.5 million, although it was an improvement from $9.5 million in 2023, indicating ongoing cash management challenges.
Acquisition Impact on Margins: Recurring revenue gross margin was negatively impacted by the acquisition of APT, which caused minimal accounting gross margin on the sale of acquired inventory, affecting profitability.
Low Gross Margin Challenges: System gross margin was only 20%, reflecting the allocation of significant overhead expenses on low production volume, which is unsustainable for long-term growth.
Stereotaxis, Inc. (AMEX:STXS) Q4 2024 Earnings Call Transcript
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