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Accuray Announces Results for Second Quarter Fiscal 2013
Date:2/6/2013

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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.

 

 Accuray IncorporatedConsolidated Statements of Operations(in thousands, except per share data)Three Months Ended December 31,Six Months Ended December 31,2012201120122011(unaudited)(unaudited)Net revenue:Products $  33,170$  63,802$  73,798$119,976Services 44,60942,09786,72985,498Other -524-1,400Total net revenue 77,779106,423160,527206,874Cost of revenue:Cost of products 18,56432,80042,57371,173Cost of services 32,58933,17767,65270,526Cost of other -203-504Total cost of revenue 51,15366,180110,225142,203Gross profit 26,62640,24350,30264,671Operating expenses:Selling and marketing 15,76114,01728,65027,598Research and development 17,23918,28335,81337,401General and administrative 15,89213,39528,73428,083Total operating expenses 48,89245,69593,19793,082Loss from operations(22,266)(5,452)(42,895)(28,411)Other expense, net(2,580)(4,464)(3,284)(7,236)Loss before provision for income taxes (24,846)(9,916)(46,179)(35,647)Provision for income taxes 6673671,264905Loss from continuing operations(25,513)(10,283)(47,443)(36,552)Loss from discontinued operations:Loss from operations of a discontinued variable interest entity (1,400)(1,908)(3,505)(3,722)Impairment of indefinite lived intangible asset of discontinued variable interest entity --(12,200)
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