BRIEF-ViewRay Reports Preliminary Q1 Revenue Of About $23 Mln

Reuters

2023-04-13

April 13 (Reuters) - ViewRay Inc :

* 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: Further company coverage:

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

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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 2023Source text for Eikon:    Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}