Accuray reports Q4 revenue increase

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Accuray, a Sunnyvale, Calif.-based developer and manufacturer of radiosurgical devices, today announced financial results for the fiscal fourth quarter and full fiscal year ended June 30, 2007.

Accuray reported total revenue of $44 million for the fiscal fourth quarter of 2007, compared to fiscal fourth quarter 2006 total revenue of $21.4 million. Revenue for 2007 fiscal year was $140.5 million, a 166 percent increase over total revenue of $52.9 million for fiscal year 2006.

Accuray incurred a net loss of $5.6 million, compared to a net loss of $33.7 million for fiscal year 2006.

At the end of fiscal 2007, backlog, defined as signed contracts, increased to approximately $619 million, with approximately $321 million associated with CyberKnife System contracts and approximately $298 million associated with services and other recurring revenue.
In addition, the company said it had increased its cash position to $204.8 million.