Stereotaxis Inc. (STXS)

[tradeologist]

Niobe & Vdrives devices sold

1Q Financial Results contradicts your statement:

The Company recognized Niobe system revenue of $0.7 million, which included system installation revenue, one Niobe ES system upgrade and a customer deposit for a previously cancelled Niobe ES order. In addition, system revenue included $0.4 million on four Vdrive systems and $0.2 million in Odyssey® system sales. Recurring revenue was $7.0 million in the quarter, a 13.6% increase from $6.2 million in the prior year first quarter. Procedures declined 5% from the same quarter last year but improved 3% sequentially.

The Company generated new capital orders of $1.3 million, which included one Niobe ES upgrade of a Niobe I system, two Vdrive system orders and three Odyssey system orders, compared to $2.4 million in the first quarter of 2013. Ending capital backlog for the 2014 first quarter was $7.3 million.