Stereotaxis Inc (AMEX:STXS)
$ 1.425 +0.0050 (+0.35%) Market Cap: 141.97 Mil Enterprise Value: 137.88 Mil PE Ratio: 0 PB Ratio: 9.50 GF Score: 55/100

Q1 2026 Stereotaxis Inc Earnings Call Transcript

May 12, 2026 / 08:30 PM GMT
Release Date Price: $1.92 (+2.13%)

Key Points

Positve
  • Stereotaxis Inc (STXS) received multiple regulatory approvals in the U.S., Europe, and China for new products, including a complex surgical robot and a digital surgery cockpit.
  • The company launched the MAGIC cardiac ablation catheter, which is the first of its kind approved by the FDA for arrhythmia patients with complex congenital heart disease.
  • Stereotaxis Inc (STXS) is transitioning to a new business model with higher disposable revenue per procedure, often above $8,000.
  • The company is expanding its product portfolio with the launch of Genesys X, a new robotic system that doesn't require construction for installation in existing cath labs.
  • Stereotaxis Inc (STXS) is actively working on AI and automation projects to enhance its robotic platforms, including a fully wireless and mobile future generation of the Genesis X robot.
Negative
  • Revenue for the first quarter of 2026 decreased to $6.3 million from $7.5 million in the prior year, with system revenue particularly weak.
  • The transition from Johnson & Johnson's ecosystem is causing turbulence and pressure on recurring revenue.
  • Production capacity constraints are limiting the adoption of the MAGIC catheter, with demand outstripping supply.
  • The company is experiencing a messy transition as it winds down its relationship with Johnson & Johnson, affecting reported quarterly financials.
  • Negative free cash flow increased to $3.5 million in the first quarter compared to $1.8 million in the previous year.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

STXS.A - Stereotaxis Inc
Q1 2026 Stereotaxis Inc Earnings Call
May 12, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon.

Thank you for joining us to Stereo Taxi's first quarter 2026 earnings conference call. Certain statements during the conference call and question-and-answer period to follow may relate to future events, expectations. And as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1,995.

Such statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the company in the future to be materially different from the statements that the company's executives may make today.

These risks are described in detail in our public filings with the Securities and Exchange
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