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Stereotaxis

STXS
22
Medical - Equipment & Services · Healthcare
Price
$1.42
-0.02 (-1.39%)
Market Cap
$139.1M
Exchange
New York Stock Exchange Arca
Winston Score
22
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Weak
Cash Flow
Weak
Stability
Data not available
Valuation
Data not available

Share count rising — dilution

+20.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 75.6M (2021) → 91.0M (2025)

Winston Score History

The full picture

Stereotaxis makes robotic systems used by doctors to perform heart procedures. Its main product, the Genesis robotic magnetic navigation system, uses magnets to guide thin wires through a patient's heart to treat abnormal heart rhythms, a condition called arrhythmia. The company sells its equipment to hospitals and cardiac catheterization labs, primarily in the United States and Europe.

Stereotaxis earns money by selling its robotic systems to hospitals and then charging ongoing fees for disposable supplies, service contracts, and software used during each procedure. The company is small, with a market cap around $200 million, and its technology is specialized enough that few direct competitors offer the same magnetic navigation approach. However, Stereotaxis is currently losing significant money, with deep operating losses, so its main challenge is expanding the number of hospitals using its systems and growing recurring revenue fast enough to reach profitability before it needs additional funding.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-12.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-6.2% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$9M/ year

Flat (-4% vs prior year)

29.0% of revenue

1.6x the sector average (18%)

Steady R&D investment year-over-year

Insider Activity

29.0%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~8 months

$10M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Stereotaxis has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
58.5%
Premium pricing power — 58.5% gross margin
Profit after running costs
Operating Margin
-59.6%
Losing money on operations — -59.6%
Return on the money invested
ROCE
-125.6%
Weak — -125.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
-5.5%
Shrinking sales (-5.5% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-51.6%
Burning cash (-51.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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