Stereotaxis Q4 2023 GAAP EPS $(0.070), Inline, Sales $4.565M Miss $7.700M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stereotaxis (AMEX:STXS) reported Q4 2023 earnings with a GAAP EPS of $(0.070), meeting analyst consensus. However, its quarterly sales of $4.565M fell short of the $7.700M estimate, marking a 40.71% miss and a 37.47% decrease from the previous year.
March 04, 2024 | 9:07 pm
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Stereotaxis reported Q4 2023 earnings with EPS in line but sales significantly below estimates, indicating potential challenges in revenue generation.
The significant miss in sales forecasts and the year-over-year decrease in revenue could negatively impact investor sentiment towards STXS in the short term. While the EPS met expectations, the revenue shortfall is likely to be a more critical factor for investors, potentially leading to a decrease in stock price.
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IMPORTANCE 90
RELEVANCE 100