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Accuray Announces Results for Fourth Quarter and Fiscal Year 2011
Date:9/19/2011

ter ended March 31, 2011, and the Risk Factors set forth in Accuray's Registration Statement on Form S-4, filed with the SEC on April 7, 2011 and as amended on May 5, 2011 and May 9,  2011, as well as our other filings with the Securities and Exchange Commission for a further list and description of additional business risks, uncertainties and other factors that may affect these statements. The Company's actual results of operations may differ significantly from those contemplated by such forward-looking statements as a result of these and other factors. We assume 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, except to the extent required by applicable securities laws.Accuray IncorporatedUnaudited Condensed Consolidated Statements of Operations(in thousands, except per share data)Three months endedYears endedJune 30, 2011June 30, 2010June 30, 2011June 30, 2010Net revenue:  Products

$
47,824$
41,951$
38,595$
43,187Services

25,65719,61780,49077,504Other

1,7422203,199934Total net revenue

75,22361,788222,284221,625Cost of revenue:  Cost of products

20,57218,55955,52466,216Cost of services

20,88612,01556,21850,732Cost of other

1,5391563,300659Total cost of revenue

42,99730,730115,042117,607Gross profit

32,22631,058107,242104,018Operating expenses:  Selling and marketing

13,3078,29637,18134,187Research and development

15,0368,37341,68731,523General and administrative

29,1968,39356,65735,472Total operating expenses

57,53925,062135,525101,182Income (loss) from operations

(25,313)5,996(28,283)2,836Interest and other income (expense), net

(26)(683)2,2881Income (loss) before provision for (benefit from) income taxes

(25,339)5,313(25,995)2,837Provision for (benefit from) income taxes '/>"/>

SOURCE Accuray Incorporated
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