Radiation therapy firm Accuray of Sunnyvale, CA, reported a 22% decrease in revenues, which it attributed to a seasonality of its business in the first quarter of fiscal 2010 (end-September 30).
Total revenue decreased to $38.1 million, compared with $50.6 million in the first quarter of fiscal 2010. The company also posted a net loss of $4.6 million, compared with a net loss of $3.3 million in the same quarter a year ago.
During the first quarter, Accuray took seven orders for its CyberKnife robotic radiosurgery system, worth a total of $33.8 million. In addition, new service and other ancillary orders with a value of $16.8 million were signed.
Total backlog for the end of the first fiscal quarter was $381 million, with approximately $136 million associated with CyberKnife contracts and approximately $245 million associated with services and other recurring revenue.
Accuray also estimated that it expects its revenue for fiscal 2010 to be in the range of $210 to $225 million.
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Accuray wins French CyberKnife contract, September 3, 2010
Accuray's revenue slips in FY 2010, September 1, 2010
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