Brief: ViewRay Reports Preliminary Q1 Revenue Of About $23 Mln

Viewray

13/04/2023 11:04

April 13 (Reuters) - ViewRay Inc  VRAY.O :
    * VIEWRAY ANNOUNCES PRELIMINARY FIRST QUARTER 2023 RESULTS
AND
UPDATED FISCAL YEAR 2023 FINANCIAL GUIDANCE; COMPANY TO EXPLORE
STRATEGIC ALTERNATIVES TO MAXIMIZE SHAREHOLDER VALUE
    * VIEWRAY INC - COMPANY IS REDUCING ITS REVENUE GUIDANCE
RANGE TO
ABOUT ZERO TO 15% GROWTH FOR FISCAL 2023
    * VIEWRAY INC - UPDATED ITS ADJUSTED EBITDA GUIDANCE RANGE
TO LOSS
OF $75 MILLION TO $85 MILLION FOR FISCAL 2023
    * VIEWRAY INC - INTEND TO DECREASE CASH USAGE TO RANGE OF
$25
MILLION TO $50 MILLION IN 2024, INCLUSIVE OF CO'S OPERATING
EXPENSE INITIATIVES
    * VIEWRAY INC - LOOKING TO BALANCE OF 2023 AND INTO 2024,
EXPECT
DELAY IN DELIVERY SCHEDULES
    * VIEWRAY INC - PRELIMINARY TOTAL REVENUE FOR Q1 2023 WAS
ABOUT
$23 MILLION
    * VIEWRAY INC - PRELIMINARY ADJUSTED EBITDA WAS LOSS OF
ABOUT $25
MILLION IN Q1 2023

Source text for Eikon:  ID:nPnbZBB15a 
Further company coverage:  VRAY.O 

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