Stereotaxis Inc

NYSE American:STXSUnited States

04:02 PM EST, 11/11/2024 (MT Newswires) -- ...

Operating loss (6,345) (5,639) (17,112) (16,535) Other income 5 - 2 27 Interest income, net 150 270 580 835 ---------- ---------- ---------- ---------- Net loss $ (6,190) $ (5,369) $ (16,530) $ (15,673) Cumulative dividend on convertible preferred stock (328) (338) (984) (1,004) ---------- Net loss attributable to common stockholders $ (6,518) $ (5,707) $ (17,514) $ (16,677) ========== ========== ========== ========== Net loss per share attributed to common stockholders: Basic $ (0.08) $ (0.07) $ (0.21) $ (0.21) Diluted $ (0.08) $ (0.07) $ (0.21) $ (0.21) Weighted average number of common shares and equivalents: Basic 85,824,789 82,468,971 84,629,531 80,028,243 Diluted 85,824,789 82,468,971 84,629,531 80,028,243 STEREOTAXIS, INC. BALANCE SHEETS September 30, December 31, (in thousands, except share amounts) 2024 2023 --------------- ---------------- (Unaudited) Assets Current assets: Cash and cash equivalents $ 10,663 $ 19,818 Restricted cash - current 350 525 Accounts receivable, net of allowance of $661 and $672 at 2024 and 2023, respectively 7,921 3,822 Inventories, net 9,009 8,426 Prepaid expenses and other current assets 869 676 ---------- --------- Total current assets 28,812 33,267 Property and equipment, net 3,733 3,304 Goodwill 4,494 - Intangible assets 8,162 - Restricted cash - 219 Operating lease right-of-use assets 5,618 4,982 Prepaid and other non-current assets 116 137 ---------- --------- Total assets $ 50,935 $ 41,909 ========== ========= Liabilities and stockholders' equity Current liabilities: Accounts payable $ 6,403 $ 3,190 Accrued liabilities 3,376 2,972 Deferred revenue 5,092 6,657 Current contingent consideration 5,298 - Current portion of operating lease liabilities 552 428 ---------- --------- Total current liabilities 20,721 13,247 Long-term deferred revenue 2,102 1,637 Long-term contingent consideration 6,251 - Operating lease liabilities 5,583 5,062 Other liabilities 55 43 ---------- --------- Total liabilities 34,712 19,989 Series A - Convertible preferred stock: Convertible preferred stock, Series A, par value $0.001; 10,000,000 shares authorized, 21,683 and 22,358 shares outstanding at 2024 and 2023, respectively 5,408 5,577 Stockholders' equity: Common stock, par value $0.001; 300,000,000 shares authorized, 84,713,400 and 80,949,697 shares issued at 2024 and 2023, respectively 85 81 Additional paid-in capital 565,146 554,148 Treasury stock, 4,015 shares at 2024 and 2023 (206) (206) Accumulated deficit (554,210) (537,680) ---------- --------- Total stockholders' equity 10,815 16,343 ---------- --------- Total liabilities and stockholders' equity $ 50,935 $ 41,909 ========== =========