GenesisX FDA Approval
The GenesisX system received FDA approval, marking a significant milestone for Stereotaxis as it enhances their system opportunity by removing structural barriers and is expected to outpace the tempo of Genesis orders following full launch.
Growth in Recurring Revenue
Recurring revenue for the third quarter was $5.6 million, driven by increased adoption of MAGiC Sweep and Map-iT catheters, marking a significant increase from $4.8 million in the prior year.
Positive Reception of MAGiC Sweep
The MAGiC Sweep high-density mapping catheter achieved over $300,000 in revenue in its first two months of launch in the U.S., with only about 1/4 of robotic accounts ordering it so far.
Strong Financial Outlook for Q4 2025
Stereotaxis expects revenue this quarter to exceed $9 million, with system revenue of approximately $3 million and recurring revenue greater than $6 million, leading to over 20% annual revenue growth for the full year 2025.
Partnership with CardioFocus
Stereotaxis entered into a collaboration agreement with CardioFocus to enhance the compatibility of their PFA system with the MAGiC catheter, aiming for regulatory approval and commercialization.