Accuray posts Q2 revenue increase

By AuntMinnie.com staff writers

January 29, 2016 -- Radiation oncology firm Accuray posted an 11% increase in its 2016 second-quarter revenue (end-December 31), compared with the same period in 2015.

Total revenue for the quarter was $109 million, compared with $98.2 million in 2015. Net loss for the quarter was $6 million, compared with a net loss of $10 million for the same period last year.

For the six-month period, Accuray's total revenue was $198.5 million, an increase of 10% over 2015's $180.5 million. Net loss was $19.1 million, compared with $31.6 million the previous year, Accuray said.

The company reaffirmed its previous financial guidance for fiscal 2016, anticipating total revenues between $395 million and $410 million.


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