By AuntMinnie.com staff writers

August 17, 2018 -- Radiation oncology firm Accuray posted revenue increases and a lower net loss for its fourth quarter and fiscal 2018 (end-June 30).

For the quarter, Accuray had revenue of $113.8 million, up 2% from $112.1 million in the fourth quarter of 2017. The company posted a net loss of $900,000 for the quarter, compared with a net loss of $5.3 million in the same period last year.

For the fiscal year, Accuray had revenue of $404.9 million, up 6% from $383.4 million in fiscal 2017. The firm had a net loss of $23.9 million, down from 2017's net loss of $29.6 million.

For fiscal 2019, Accuray said it expects revenue ranging from $415 million to $425 million.


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