They have cash for only 2 more quarters....read the news
Stereotaxis said its cash and cash equivalents at June 30 totaled $4.1 million, down from $9.6 million at March 31. It said it received on Thursday a cash infusion of $8.5 million from several transactions in which it issued 5.2 million shares and retired $8.1 million in convertible subordinated debt.
The company added it has hired a financial advisory firm "with special expertise in banking and advisory services for businesses in challenging liquidity situations" to help it evaluate its options.
Stereotaxis said it expects to have negative cash flow from operations in 2013, and it will continue to evaluate its operating expense levels and cash burn.