Radiotherapy firm Accuray of Sunnyvale, CA, nearly doubled its revenues for the second quarter of fiscal 2008 (end-December 29), and moved into the black for the period.
The company posted quarterly sales of $52 million, a 98% increase over revenues of $26.3 million in the same period of fiscal 2007. The company posted net income of $2.3 million, compared to a net loss of $7.3 million in the comparable quarter of 2007.
The company said the period was its fourth consecutive quarter of increasing revenue and backlog, with the firm's backlog growing to about $660 million, with approximately $365 million associated with CyberKnife contracts and approximately $295 million associated with services and other recurring revenue.
Despite the growth, the company said that the tightening credit market is having a short-term impact on the purchasing and installation timelines of some of its U.S. customers, as obtaining financing has become more difficult.
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