Stereotaxis falls after missing Q1 estimates

Stereotaxis, Inc. (Nasdaq:STXS) is stumbling 15% after the medical devices maker posted first-quarter revenue of $7 million, down 23% from $9.2 million a year earlier. Analysts anticipated $8 million in revenue. The St. Louis-based company’s quarterly net loss widened to $0.37 per share, versus Wall Street analysts’ estimate of losing $0.33 per share.

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