Significant Revenue Growth
Revenue for the second quarter of 2025 totaled $8.8 million, a growth of 95% from $4.5 million in the prior year second quarter and a growth of 18% sequentially compared to $7.5 million in the first quarter of 2025.
Successful GenesisX and MAGiC Launches
Revenue recognition on the first GenesisX system and initial MAGiC sales in Europe contributed significantly to the quarter's financial performance.
FDA Clearance and Regulatory Progress
FDA clearance of the MAGiC Sweep high-density mapping catheter marked a major milestone, along with ongoing regulatory steps for GenesisX and other products.
Strategic Financing
Stereotaxis announced a registered direct financing for the sale of $12.5 million of its shares, with a first closing of $8.5 million completed in July, strengthening the balance sheet.
Strong Gross Margins on Recurring Revenue
Recurring revenue gross margin was 68% for the quarter.