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Accuray Announces Results for Fourth Quarter and Fiscal Year 2010

090104,018115,290Operating expenses:  Selling and marketing

8,2969,87034,18745,493Research and development

8,3739,18531,52335,992General and administrative

8,3937,71035,47236,223Total operating expenses

25,06226,765101,182117,708Income (loss) from operations

5,9963252,836(2,418)Interest and other income, net

(683)64613,082Income before provision for income taxes

5,3139712,837664Provision (benefit) for income taxes

292(251)(4)55Net income

9Net income per common share, basic and diluted:Basic


.01Weighted average common shares outstanding used in computing net income per
share:  Basic


60,56459,32460,19158,729Cost of revenue, selling and marketing, research and development, and general
and administrative expenses include stock-based compensation charges as follows:  Cost of revenue

2,285Selling and marketing

3,441Research and development

3,190General and administrative

,545Accuray IncorporatedUnaudited Condensed Consolidated Balance Sheets(in thousands, except share amounts) June 30, June 27, 20102009Assets  Current assets:  Cash and cash equivalents

$  45,434$  36,835Restricted cash

22527Short-term marketable securities

99,88164,634Accounts receivable, net of allowance for doubtful accounts of $115at June 30, 2010 and $484 at June 27, 2009


28,18628,909Prepaid expenses and other current assets

19,3566,186Deferred cost of revenue—current

7,88918,984Total current assets

238,723192,502Long-term marketable securities


SOURCE Accuray Incorporated
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