Radiotherapy firm Accuray of Sunnyvale, CA, notched a 15% gain in revenues and a net loss in its first quarter of fiscal 2009 (end-September 27).
Accuray reported revenues of $55.9 million, compared with $48.6 million in the first quarter of fiscal 2008. The company also posted a net loss of $3.2 million, compared with net income of $2.3 million in the same quarter of fiscal 2008.
Accuray blamed the net loss primarily on nonrecurring employee separation expenses of $2.1 million and inventory write-downs of $1.3 million.
During the first quarter of fiscal 2009, the company added 12 new contracts to its backlog, representing a total value of $58.6 million. Seven contracts came from international customers.
Accuray is projecting it will have total revenues between $230 million and $250 million in fiscal 2009.
Related Reading
Accuray reaches milestone, December 9, 2008
Accuray hires CFO, December 4, 2008
Accuray gets CyberKnife sale, December 2, 2008
Accuray gets delisting notice, November 20, 2008
Accuray postpones release of Q1 results, November 7, 2008
Copyright © 2008 AuntMinnie.com
