Accuray FQ3 revenues down 8%; loss of $5M; shares down 11% premarket on lowered guidance

|About: Accuray Incorporated (ARAY)|By:, SA News Editor

Accuray (NASDAQ:ARAY) fiscal Q3 results ($M): Revenues: 97.3 (-7.6%); Net Loss: (5.0) (-765.2%); Loss/share: (0.06) (-700.0%).

Sales shortfall largely due to longer-than-expected conversion from backlog to revenue for orders placed through international distributors.

2017 Guidance: Revenue: $380M - 390M from $410M - 420M; Non-GAAP EBITDA: $22M - 26M from $32M - 38M.

Shares are off 11% premarket on light volume.