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Accuray Reports Record Revenue in First Quarter of Fiscal 2008

(in thousands, except share amounts)

September 29, June 30,

2007 2007


Current assets:

Cash and cash equivalents $192,111 $204,830

Accounts receivable, net of allowance

for doubtful accounts of $20 at

both September 29, 2007 and June 30, 2007 15,178 10,105

Inventories 17,099 16,984

Prepaid expenses and other current assets 6,470 7,937

Deferred cost of revenue -- current 24,894 30,709

Total current assets 255,752 270,565

Property and equipment, net 27,382 23,937

Goodwill 4,495 4,495

Intangible assets, net 1,120 1,184

Deferred cost of revenue -- noncurrent 30,269 30,522

Other assets 1,274 1,406

Total assets $320,292 $332,109

Liabilities and stockholders' equity

Current liabilities:

Accounts payable $11,613 $14,147

Accrued expenses 14,309 17,240

Customer advances -- current 9,355 12,634

Deferred revenue -- current 71,393 78,022

Total current liabilities 106,670 122,043

Long-term liabilities:

Customer advances -- noncurrent 14,289 8,388

Deferred revenue -- noncurrent 66,087 76,235

Total liabilities 18

SOURCE Accuray Incorporated
Copyright©2007 PR Newswire.
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