Viewray posts 2023 Q1 revenue increases

Viewray posted revenue increases in its first quarter and outlined strategic business alternatives it is exploring to "maximize shareholder value."

Viewray's total revenue for the first quarter (end-March 31), was $23 million, compared with $19 million in the first quarter of 2022. Net loss for the first quarter of 2023 was $29 million, compared with a net loss of $26 million in the first quarter of last year.

The company also highlighted that it received 13 new orders for MRIdian systems totaling about $68 million, compared with seven new orders totaling approximately $41 million in the first quarter of 2022.

The company said that alternative business strategies it is exploring may include a sale, merger, or business consolidation. It has retained Goldman Sachs for this purpose.