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Accuray Inc Issues Q2 2013 Guidance; Revenue Guidance In Line With Analysts' Estimates; Lowers FY 2013 Guidance-Conference Call


Thursday, 3 Jan 2013 05:00am EST 

Accuray Inc announced that for the second quarter of 2013, it expects revenue to be in the range of $72 million to $75 million on both a GAAP and a non-GAAP basis. Based on these preliminary results, product revenue for second-quarter fiscal 2013 declined 45% to 50% versus the prior-year period while service revenue posted an increase of 13% to 15% year over year, both in terms of non-GAAP results. Net loss on a non-GAAP basis is expected to be in a range of $25 million to $30 million. The Company also announced it has updated guidance for fiscal 2013 and expects revenue to be in the range of $320 million to $330 million. Net loss is projected to be in the range of $63 million to $69 million or a net loss of ($0.87) to ($0.95) per share. This guidance represents expected results on a non-GAAP basis. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $74 million and EPS of $ for the second quarter of 2013; revenue of $338 million and EPS of $ for fiscal 2013. 

Company Quote

7.73
-0.22 -2.77%
22 Sep 2014