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S-1/A
STEREOTAXIS, INC. filed this Form S-1/A on 06/17/2004
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SUMMARY FINANCIAL DATA

       The historical summary financial data set forth below for the years ended December 31, 2001, 2002 and 2003 are derived from our audited financial statements. The historical summary financial data for the three months ended March 31, 2003 and 2004 are unaudited but include, in the opinion of management, all adjustments, consisting only of normal, recurring adjustments, that management considers necessary for a fair presentation of the results for those periods. Through December 31, 2002, we were deemed to be in the development stage. See Note 1 of Notes to Financial Statements. The pro forma net loss per share and shares used in computing pro forma net loss per share are calculated as if all of our preferred stock and our $2 million convertible note were converted on the date of their respective issuances into shares of our common stock. You should read the information contained in this table in conjunction with our financial statements and related notes, “Selected Financial Data” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”.

                                           
Three Months Ended
Year Ended December 31, March 31,


2001 2002 2003 2003 2004





(unaudited)
(in thousands, except share and per share data)
Statement of operations data:
                                       
Systems revenue
  $     $     $ 3,808     $ 365     $ 2,672  
Disposables, service and accessories revenue
          19       481       21       402  
Other revenue
                726              
     
     
     
     
     
 
            19       5,015       386       3,074  
Costs of revenue
          40       4,051       501       2,482  
     
     
     
     
     
 
Gross profit
          (21 )     964       (115 )     592  
Operating expenses:
                                       
 
Research and development
    13,831       14,325       13,541       2,510       4,593  
 
Sales and marketing
    927       2,231       5,987       1,101       2,377  
 
General and administrative
    2,576       4,461       4,894       1,043       1,272  
 
Stock-based compensation
    622       484       492       125       184  
     
     
     
     
     
 
Total operating expenses
    17,956       21,501       24,914       4,779       8,426  
     
     
     
     
     
 
Operating loss
    (17,956 )     (21,522 )     (23,950 )     (4,894 )     (7,834 )
Interest income
    951       434       375       102       95  
Interest expense
          371       462       114       111  
     
     
     
     
     
 
Net loss
    (17,005 )     (21,459 )     (24,037 )     (4,906 )     (7,850 )
Net loss per common share, basic and diluted
  $ (6.39 )   $ (5.33 )   $ (5.10 )   $ (1.10 )   $ (1.48 )
Shares used in computing net loss per common share, basic and diluted
    2,660,717       4,022,283       4,711,696       4,456,228       5,292,246  
Pro forma net loss per common share, basic and diluted
                                       
Shares used in computing pro forma net loss per common share
                                       

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