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Accuray Announces Results for Fourth Quarter and Fiscal Year 2013
Date:8/27/2013

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Forward-looking statements speak only as of the date the statements are made and are based on information available to the company at the time those statements are made and/or management's good faith belief as of that time with respect to future events. 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, except to the extent required by applicable securities laws. Accordingly, investors should not put undue reliance on any forward-looking statements.

Financial Tables to Follow Accuray IncorporatedConsolidated Statements of Operations(in thousands, except per share data)Three Months Ended
June 30,Years Ended June 30,2013201220132012(unaudited)(unaudited)Net revenue:Products 

$  38,582$  60,621$
37,403$240,472Services 

46,31839,463178,571166,681Other 

-449-2,070Total net revenue 

84,900100,533315,974409,223Cost of revenue:Cost of products 

24,52232,60685,498136,180Cost of services 

33,09330,936132,836134,562Cost of other 

-501-1,209Total cost of revenue 

57,61564,043218,334271,951Gross profit 

27,28536,49097,640137,272Operating expenses:Selling and marketing 

13,07614,50054,37254,547Research and development 

14,68721,48866,19781,287General and administrative 

12,24715,62557,72657,672Total operating expenses 

40,01051,613178,295193,506Loss from operations

(12,725)(15,123)(80,655)(56,234)Other expense, net

(4,284)(4,447)(13,133)(12,521)Loss before provision for income taxes

(17,009)(19,570)(93,788)(68,755)Provision for income taxes

1,7064433,5732,595Loss from continuing operations

(18,715)(20,013)(97,361)(71,350)Loss from discontinued operations:Loss from operations
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SOURCE Accuray Incorporated
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