Stereotaxis Posts Loss In Q2; Shares Down

(RTTNews) - Stereotaxis Inc. (STXS) reported second-quarter net loss of $3.0 million, or $0.37 per share, versus a $2.8 million, or $0.32 per share profit last year. Excluding mark-to-market warrant revaluation and amortization of convertible debt discount related to the financing, the net loss for the 2013 second quarter would have been $3.2 million, or $0.39 per share, the company said.

Revenue for the second quarter 2013 totaled $9.73 million, down compared with $10.51 million in the prior-year quarter.

Stereotaxis does not provide revenue and earnings per share guidance, but reiterated its full year 2013 goals such as expanding global footprint through Japanese approval of Niobe technology; manage operating expenses at current level; and strengthen balance sheet through strategic and financing alternatives.

In the premarket trading, the stock is currently falling by over 40%.