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Accuray Reports Financial Results for First Quarter of Fiscal Year 2014
Date:11/7/2013

st, taxes, depreciation, amortization and stock-based compensation ("adjusted EBITDA") for the first quarter of 2014 was a loss of ($3.8) million, compared to a loss of ($11.9) million in the first quarter of 2013, and a loss of ($5.9) million in the immediately preceding quarter.

Cash, cash equivalents, investments and restricted cash were $164.4 million as of September 30, 2013, a decrease of $12.7 million from June 30, 2013.

2014 Financial GuidanceAccuray reaffirmed its financial guidance of total revenue for fiscal 2014 of $325 million to $345 million.  This is unchanged from the financial guidance provided on August 27, 2013.

Additional InformationAdditional information including slides of first quarter highlights, which will be discussed during the conference call, is available in the Investor Relations section of the company's website at www.accuray.com/investors.

Earnings Call Open to InvestorsAccuray will host an investment community conference call beginning at 1:30p.m. PT/4:30 p.m. ET today to discuss results and answer questions. Conference call dial-in information is as follows:

  • U.S. callers: (866)515-2909  
  • International callers: (617)399-5123
  • Conference ID Number (U.S. and international): 51185854
  • Individuals interested in listening to the live conference call via the Internet may do so by logging on to the Company's website, www.accuray.com. The webcast will be available on the Company's web site for 14 days following the completion of the call.  In addition, a dial-up replay of the conference call will be available beginning November 7, 2013 at 6:00 p.m. PT/9:00 p.m. ET and ending on November 14, 2013. The replay telephone number is 1-888-286-8010 (USA) or 1-617-801-6888 (International), Conference ID: 70135176.

    Use of Non-GAAP Financial MeasuresThe Company has supplemented its
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