Brief: Viewray Announces First Quarter 2023 Results

Viewray

10/05/2023 22:30

May 10 (Reuters) - ViewRay Inc  VRAY.O :
    * VIEWRAY ANNOUNCES FIRST QUARTER 2023 RESULTS
    * VIEWRAY INC - COMPANY HAS BEGUN A COST REDUCTION PROGRAM
WITH
EXPECTED ANNUAL SAVINGS OF $19.0 MILLION - $23.0 MILLION
    * VIEWRAY INC -  COST REDUCTION PROGRAM INCLUDES A REDUCTION
IN
DISCRETIONARY SPENDING AND A WORKFORCE REDUCTION OF
APPROXIMATELY 11%
    * VIEWRAY INC - EXPECT TO INCUR RESTRUCTURING CHARGES OF
APPROXIMATELY $1.8 MILLION ASSOCIATED WITH WORKFORCE REDUCTION
    * VIEWRAY INC - AS PART OF ANNOUNCED REDUCTIONS, BILL BURKE
WILL
STEP DOWN AS CFO
    * VIEWRAY INC -  JAKE SIGNORIELLO HAS AGREED TO SERVE AS CFO
IN AN
INTERIM CAPACITY AS WE GO FORWARD
    * VIEWRAY INC - COMPANY IS WITHDRAWING FINANCIAL GUIDANCE
ISSUED
ON FEBRUARY 27, 2023 AND AS REVISED ON APRIL 13, 2023

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

 ((Reuters.Briefs@thomsonreuters.com;))