Stereotaxis(STXS) - 2024 Q4 - Annual Results

Revenue Performance - Revenue for Q4 2024 was $6.3 million, a 39$4.6 million in Q4 2023[5] - Full year 2024 revenue totaled $26.9 million, slightly up from$26.8 million in 2023[5] - System revenue for Q4 2024 was $1.4 million, while recurring revenue was$4.9 million, compared to $0.1 million and$4.5 million in Q4 2023, respectively[5] - Stereotaxis expects double-digit revenue growth for the full year 2025, with recurring revenue projected to scale from $5 million in Q1 to$7 million in Q4[9] Profitability and Loss - Gross margin for Q4 2024 was approximately 51%, with full year gross margins at 54%[6] - Operating loss for Q4 2024 was ($7.6) million, compared to ($5.3) million in Q4 2023[7] - Adjusted operating loss for the full year 2024 was ($12.8) million, compared to ($11.3) million in 2023[7] Financial Position - Cash and cash equivalents at year-end 2024 were $12.4 million, with no debt[8] - System backlog at the start of 2025 is$15.2 million[5] Future Outlook - Anticipated regulatory milestones and initial commercial launches in 2025 are expected to support substantial growth in 2026[9]