ViewRay Withdraws Guidance for 2023

Dow Jones

2023-05-11

By Sabela Ojea

ViewRay Inc. on Wednesday withdrew its guidance for 2023 after posting wider losses in the first quarter of the year.

The radiation-therapy-system maker, which less than a month ago cut its full-year estimates, said it no longer expects revenue to be flat or to grow by up to 15% this year due to current market conditions.

Also Wednesday, ViewRay posted a net loss of $28.9 million, or 16 cents a share, compared with a loss of $25.8 million, or 14 cents a share, for the same period a year earlier.

Revenue rose 19%, to $22.5 million, missing analysts' expectations of $24.7 million.

Write to Sabela Ojea at sabela.ojea@wsj.com

(END) Dow Jones Newswires

May 10, 2023 18:38 ET (22:38 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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