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Accuray Announces Results for Third Quarter Fiscal 2013

rformance 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 March 31,Nine Months Ended March 31,2013201220132012(unaudited)(unaudited)Net revenue:Products 

$  25,023$  59,875$  98,821$179,851Services 


-221-1,621Total net revenue 

70,547101,816231,074308,690Cost of revenue:Cost of products 

18,40332,40160,976103,574Cost of services 

32,09133,10099,743103,626Cost of other 

-204-708Total cost of revenue 

50,49465,705160,719207,908Gross profit 

20,05336,11170,355100,782Operating expenses:Selling and marketing 

12,64612,44941,29640,047Research and development 

15,69722,39851,51059,799General and administrative 

16,74513,96445,47942,047Total operating expenses 

45,08848,811138,285141,893Loss from operations

(25,035)(12,700)(67,930)(41,111)Other expense, net

(5,565)(838)(8,849)(8,074)Loss before provision for income taxes 

(30,600)(13,538)(76,779)(49,185)Provision for income taxes 

6031,2471,8672,152Loss from continuing operations

(31,203)(14,785)(78,646)(51,337)Loss from discontinued operations:Loss from operations of a discontinued variable interest entity 

-(1,748)(3,505)(5,470)Impairment of indefinite lived intangible asset of discontinued
variable interest entity 

--(12,200)-Loss from deconsolidation of a variable interest entity 

--(3,442)-Loss from discontinued operations, net of tax

-(1,748)(19,147)(5,470)Loss f

SOURCE Accuray Incorporated
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