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Accuray Announces Results for First Quarter of Fiscal 2011
Date:11/8/2010

ng statements, including, but not limited to the uncertainties associated with the medical device industry; variability of installation and sales cycle including customer financing and construction delays; changes in the regulatory environment, including reimbursement for CyberKnife procedures; market acceptance of products; and the impact of competition. These and other risks are discussed under the heading "Risk Factors" in our report on Form 10-K for the 2010 fiscal year which has been filed with the Securities and Exchange Commission, as updated in our Form 10-Q filed on even date herewith. The Company assumes no obligation to update forward-looking statements to reflect actual performance or results, changes in assumptions or changes in other factors affecting forward-looking information. Accuray IncorporatedUnaudited Condensed Consolidated Statements of Operations(in thousands, except per share data)Three months endedSeptember 30,
2010September 30,
2009Net revenue:  Products

$
9,275$
30,346Shared ownership program

641481Services

17,73419,654Other

41894Total net revenue

38,06850,575Cost of revenue:  Cost of products

7,32514,651Cost of shared ownership program

172321Cost of services

11,80013,920Cost of other

53464Total cost of revenue

19,83128,956Gross profit

18,23721,619Operating expenses:  Selling and marketing

7,7608,649Research and development

8,0477,662General and administrative

8,5598,930Total operating expenses

24,36625,241Loss from operations

(6,129)(3,622)Interest and other income, net

1,616485Loss before provision for income taxes

(4,513)(3,137)Provision for income taxes

127139Net loss

$
(4,640)$
(3,276)Net loss per common share, basic and diluted:Basic

$
(0.08)$
(0.06)Diluted  

$
(0.08)$
(0.06)Weighted average co
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SOURCE Accuray Incorporated
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