# EDGAR Filing Document

**Accession Number:** 0001289340
**File Stem:** 0001493152-26-022488
**Filing Date:** 2026-5
**Character Count:** 18626
**Document Hash:** 80e2c32e35e2960bcc03ef48e22c7bf3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-022488.hdr.sgml**: 20260512

**ACCESSION NUMBER**: 0001493152-26-022488

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260512

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260512

**DATE AS OF CHANGE**: 20260512

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Stereotaxis, Inc.
- **CENTRAL INDEX KEY:** 0001289340
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 943120386
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36159
- **FILM NUMBER:** 26968594

**BUSINESS ADDRESS:**
- **STREET 1:** 710 N TUCKER BLVD
- **STREET 2:** STE 110
- **CITY:** ST.LOUIS
- **STATE:** MO
- **ZIP:** 63101
- **BUSINESS PHONE:** 314-678-6100

**MAIL ADDRESS:**
- **STREET 1:** 710 N TUCKER BLVD
- **STREET 2:** STE 110
- **CITY:** ST.LOUIS
- **STATE:** MO
- **ZIP:** 63101

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(D) of the Securities Exchange Act Of 1934**

Date of report (Date of earliest event reported): May 12, 2026

**STEREOTAXIS, INC.**

(Exact Name of Registrant as Specified in Its Charter)

**Delaware**

(State or Other Jurisdiction of Incorporation)

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| | |
|:---|:---|
| **001-36159** | **94-3120386** |
| (Commission File Number) | (IRS Employer Identification No.) |

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| | |
|:---|:---|
| **710 North Tucker Boulevard, Suite 110, St. Louis, Missouri** | **63101** |
| (Address of Principal Executive Offices) | (Zip Code) |

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**(314) 678-6100**

(Registrant's Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Securities registered pursuant to Section 12(b) of the Act: ☐**

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, par value $0.001 per share | STXS | NYSE American LLC |

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| | |
|:---|:---|
| **Item 2.02** | **Results of Operations and Financial Condition** |

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On May 12, 2026, Stereotaxis, Inc. (the "Company") issued a press release (the "Earnings Press Release") setting forth its financial results for the 2026 first quarter. A copy of the Earnings Press Release is being filed as Exhibit 99.1 hereto, and the statements contained therein are incorporated by reference herein.

Forward-Looking Statements and Additional Information

Statements are made herein or incorporated herein that are "forward-looking statements" as defined by the Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical fact, included or incorporated herein that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are not guarantees of future events or the Company's future performance and are subject to risks, uncertainties and other important factors that could cause events or the Company's actual performance or achievements to be materially different than those projected by the Company. For a full discussion of these risks, uncertainties and factors, the Company encourages you to read its documents on file with the SEC. Except as required by law, the Company does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

In accordance with General Instruction B.2. of Form 8-K, the information contained in Item 2.02 and Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits** |

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&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits.

99.1 [Stereotaxis, Inc. Earnings Press Release dated May 12, 2026.](ex99-1.htm)

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **STEREOTAXIS, INC.** | **STEREOTAXIS, INC.** |
| Date: May 12, 2026 | By: | */s/ Kimberly R. Peery* |
|  | Name: | Kimberly R. Peery |
|  | Title: | Chief Financial Officer |

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## Exhibit 99.1

**Exhibit 99.1**

**Stereotaxis Reports 2026 First Quarter Financial Results & Business Updates**

● Proprietary robotically-navigated MAGiC catheter received U.S. FDA approval in January and is now being utilized at multiple sites across the United States as well as Europe

● Synchrony digital operating room system received U.S. FDA clearance in April and initial orders and shipments are ongoing

● Definitive agreement to acquire Robocath creates a leading robotic platform, combining complementary technologies to deliver next-generation fully-integrated robotic solutions for the full spectrum of endovascular procedures

**St. Louis, MO, May 12, 2026 (Globe Newswire) –** Stereotaxis (NYSE: STXS), a pioneer and global leader in surgical robotics for minimally invasive endovascular intervention, today reported business updates and financial results for the first quarter ended March 31, 2026.

"Stereotaxis is in one of the most exciting periods of its history. We are achieving significant regulatory approvals, executing strategic acquisitions, and witnessing the initial green shoots of commercial success with our new product ecosystem," said David Fischel, Stereotaxis Chairman and CEO. "The operational and commercial friction to ramp up manufacturing and implement new products makes progress gradual, but we are efficiently driving broad-based progress on many fronts in parallel towards an attractive business built on solid foundations."

"The streak of regulatory success that began last year continued in the first part of this year with two essential FDA approvals for the MAGiC cardiac ablation catheter and Synchrony digital surgery system. These regulatory approvals brought to market an entirely new foundational product ecosystem that structurally changes our commercial opportunity. We essentially developed a fresh start-up company on the shoulders of our legacy technology and funded by our legacy business."

"The transformational agreement to acquire Robocath gives Stereotaxis a fully complementary and separate robotic mechanism of action for endovascular device navigation. The combination of our technologies offers a clear vision for how our robotic solution, including the full ecosystem of digital innovations, will enable remote, automated and fully robotic treatment for electrophysiology, interventional cardiology and neurointerventions."

"The still minor revenue contribution from our new catheters is being countered by the headwind of winding down our relationship with Johnson & Johnson. Demand for MAGiC far exceeds supply, and we are rolling out the catheter in both Europe and the US in line with the manufacturing ramp, which continues to progress towards an expected 500 catheters a month by year end. Initial green shoots of adoption demonstrate the strength of our strategy to build a synergistic portfolio of catheters, with disposable revenue per procedure several fold higher than previously. This structural transformation to our disposable business model is taking place as we simultaneously structurally transform our capital business and prepare for multiple GenesisX placements."

***2026 First Quarter Financial Results***

 ****

Revenue for the first quarter of 2026 totaled $6.3 million compared to $7.5 million in the prior year first quarter. System revenue of $1.3 million and recurring revenue of $5.0 million compared to $2.0 million and $5.5 million respectively, in the prior year first quarter. System revenue in the quarter reflects partial revenue recognition on the installation of one Genesis system and other ancillary systems. Recurring revenue is pressured by the transition away from the dependency on legacy J&J catheters with still modest contributions from Stereotaxis' new proprietary catheters.

Gross margin for the first quarter of 2026 was 60% of revenue. Recurring revenue gross margin was 66%, and system gross margin was 39%. Operating expenses in the quarter of $9.8 million included $3.1 million in non-cash charges for stock compensation expense, mark-to-market adjustment for acquisition related contingent earnout consideration, and amortization of acquired intangible assets. Excluding these non-cash charges, adjusted operating expenses were $6.7 million, compared to the prior year adjusted operating expenses of $6.8 million.

Operating loss and net loss in the first quarter of 2026 were ($6.0) million and ($5.9) million, respectively, compared with ($5.9) million and ($5.8) million in the previous year. Adjusted operating loss and adjusted net loss for the quarter, excluding non-cash charges, were ($2.9) million and ($2.8) million, respectively, compared with ($2.7) million and ($2.6) million in the previous year quarter. Negative free cash flow for the first quarter was ($3.5) million, compared to ($1.8) million in the previous year.

***Cash Balance and Liquidity***

 ****

At March 31, 2026, Stereotaxis had cash and cash equivalents of $14.6 million and no debt.

***Forward Looking Expectations***

 ****

Stereotaxis anticipates double digit revenue growth for the full year 2026, with annual revenue expected to surpass $40 million. Revenue will grow sequentially over the course of the year in line with manufacturing increases for GenesisX and MAGiC, with revenue in both the third and fourth quarters expected to exceed $10 million.

Stereotaxis believes it can advance its strategy, integrate Robocath, and grow significantly without having to subject investors to substantial dilution. The Company expects its balance sheet to allow it to advance its transformative product ecosystem to market, fund its commercialization, and achieve profitability.

***Conference Call and Webcast***

 ****

Stereotaxis will host a conference call and webcast today, May 12, 2026, at 4:30 p.m. Eastern Time. To access the conference call, dial 800-715-9871 (US and Canada) or 646-307-1963 (International) and give the participant pass code 6082771. To access the live and replay webcast, please visit the investor relations section of the Stereotaxis website at www.Stereotaxis.com.

***About Stereotaxis***

 ****

Stereotaxis (NYSE: STXS) is a pioneer and global leader in innovative surgical robotics for minimally invasive endovascular intervention. Its mission is the discovery, development and delivery of robotic systems, instruments, and information solutions for the interventional laboratory. These innovations help physicians provide unsurpassed patient care with robotic precision and safety, expand access to minimally invasive therapy, and enhance the productivity, connectivity, and intelligence in the operating room. Stereotaxis technology has been used to treat over 150,000 patients across the United States, Europe, Asia, and elsewhere. For more information, please visit <u>www.Stereotaxis.com</u>.

*This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "expect" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially. Factors that would cause or contribute to such differences include, but are not limited to, the Company's ability to manage expenses at sustainable levels, acceptance of the Company's products in the marketplace, the effect of global economic conditions, including tariffs, on the ability and willingness of customers to purchase its technology, competitive factors, changes resulting from healthcare policy, dependence upon third-party vendors, timing of regulatory approvals, the impact of pandemics or other disasters, statements relating to our recent acquisitions, including any benefits expected from the acquisitions, and other risks discussed in the Company's periodic and other filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. There can be no assurance that the Company will recognize revenue related to its purchase orders and other commitments because some of these purchase orders and other commitments are subject to contingencies that are outside of the Company's control and may be revised, modified, delayed, or canceled.*

**Company Contacts:**

David L. Fischel

Chairman and Chief Executive Officer

Kimberly R. Peery

Chief Financial Officer

314-678-6100

<u>Investors@Stereotaxis.com</u>

**Stereotaxis, Inc.**

**CONSOLIDATED STATEMENTS OF OPERATIONS**

**(Unaudited)**

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| | | |
|:---|:---|:---|
| *(in thousands, except share and per share amounts)* | **Three Months Ended<br> March 31,** | **Three Months Ended<br> March 31,** |
|  | **2026** | **2025** |
| Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;Systems | $1319 | $1964 |
| &nbsp;&nbsp;&nbsp;Disposables, service and accessories | 4972 | 5508 |
| Total revenue | 6291 | 7472 |
| Cost of revenue: |  |  |
| &nbsp;&nbsp;&nbsp;Systems | 804 | 1667 |
| &nbsp;&nbsp;&nbsp;Disposables, service and accessories | 1693 | 1741 |
| Total cost of revenue | 2497 | 3408 |
| Gross margin | 3794 | 4064 |
| Operating expenses: |  |  |
| &nbsp;&nbsp;&nbsp;Research and development | 2397 | 2350 |
| &nbsp;&nbsp;&nbsp;Sales and marketing | 2617 | 3148 |
| &nbsp;&nbsp;&nbsp;General and administrative | 4761 | 4495 |
| Total operating expenses | 9775 | 9993 |
| Operating loss | (5981) | (5929) |
| Other income | (5) |  |
| Interest income, net | 125 | 106 |
| Net loss | $(5861) | $(5823) |
| Cumulative dividend on convertible preferred stock | (311) | (314) |
| Net loss attributable to common stockholders | $(6172) | $(6137) |
| Net loss per share attributed to common stockholders: |  |  |
| &nbsp;&nbsp;&nbsp;Basic | $(0.06) | $(0.07) |
| &nbsp;&nbsp;&nbsp;Diluted | $(0.06) | $(0.07) |
| Weighted average number of common shares and equivalents: |  |  |
| &nbsp;&nbsp;&nbsp;Basic | 98891179 | 87769366 |
| &nbsp;&nbsp;&nbsp;Diluted | 98891179 | 87769366 |

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**STEREOTAXIS, INC.**

**CONSOLIDATED BALANCE SHEETS**

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| | | |
|:---|:---|:---|
| *(in thousands, except share amounts)* | **March 31,<br> 2026** | **December 31,<br> 2025** |
|  | **(Unaudited)** |  |
| Assets |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $14616 | $13421 |
| &nbsp;&nbsp;&nbsp;Accounts receivable, net of allowance of $630 and $541 at 2026 and 2025, respectively | 5303 | 5847 |
| &nbsp;&nbsp;&nbsp;Insurance receivable | 4316 | 4316 |
| &nbsp;&nbsp;&nbsp;Inventories, net | 10495 | 9567 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 1297 | 698 |
| Total current assets | 36027 | 33849 |
| Property and equipment, net | 2956 | 3019 |
| Goodwill | 3764 | 3764 |
| Intangible assets, net | 6193 | 6429 |
| Operating lease right-of-use assets | 4760 | 4912 |
| Prepaid and other non-current assets | 330 | 278 |
| Total assets | $54030 | $52251 |
| Liabilities and stockholders' equity |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable | $4823 | $4768 |
| &nbsp;&nbsp;&nbsp;Accrued liabilities | 1478 | 2065 |
| &nbsp;&nbsp;&nbsp;Accrued legal liabilities | 4316 | 4316 |
| &nbsp;&nbsp;&nbsp;Deferred revenue | 6541 | 5675 |
| &nbsp;&nbsp;&nbsp;Current contingent consideration | 5266 | 4894 |
| &nbsp;&nbsp;&nbsp;Current portion of operating lease liabilities | 662 | 642 |
| Total current liabilities | 23086 | 22360 |
| Long-term deferred revenue | 523 | 555 |
| Long-term contingent consideration | 5108 | 4724 |
| Operating lease liabilities | 4618 | 4794 |
| Other liabilities | 1097 | 1097 |
| Total liabilities | 34432 | 33530 |
| Series A - Convertible preferred stock: |  |  |
| &nbsp;&nbsp;&nbsp;Convertible preferred stock, Series A, par value $0.001; 10,000,000 shares authorized, 21,008 shares outstanding at 2026 and 2025 | 5240 | 5240 |
| Stockholders' equity: |  |  |
| &nbsp;&nbsp;&nbsp;Common stock, par value $0.001; 300,000,000 shares authorized, 97,491,248 and 95,339,628 shares issued at 2026 and 2025, respectively | 97 | 95 |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 603696 | 596960 |
| &nbsp;&nbsp;&nbsp;Treasury stock, 4,015 shares at 2026 and 2025 | (206) | (206) |
| &nbsp;&nbsp;&nbsp;Accumulated deficit | (589229) | (583368) |
| Total stockholders' equity | 14358 | 13481 |
| Total liabilities and stockholders' equity | $54030 | $52251 |

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