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Stereotaxis Q1 Loss Narrows as Revenue Gains

05/10/2021 06:22

10:06 AM EDT, 05/10/2021 (MT Newswires) -- Stereotaxis (STXS) reported a Q1 net loss Monday of $0.02 per share, compared with a loss of $0.03 per share a year earlier.

Three analysts polled by Capital IQ projected a loss of $0.03 per share.

Revenue totaled $8.6 million for the quarter ended March 31, up from $5.8 million last year. The Street forecast was $7.2 million.

As of March 31, the biotech company had $44.1 million in cash and cash equivalents, including restricted cash and compensating balances.

Shares advanced 3.1% in recent morning trade.

Price: 6.95, Change: +0.25, Percent Change: +3.73