ViewRay guidance cut pressures shares, down 52% premarket

Thinly traded nano cap ViewRay (NASDAQ:VRAY) is down 52% premarket on increased volume following its Q2 report released after the close yesterday that included softer revenue guidance. Highlights:

Revenue: $30.2M (+84%); backlog: $219.3M (+10%).

Net loss: ($30.8M); loss/share: ($0.32).

2019 guidance: Revenue: $80M – 95M from $111M – 124M due to the “timing of installations around year-end.”

Previously: ViewRay EPS misses by $0.08, beats on revenue (Aug. 8)

https://seekingalpha.com/news/3490224-viewray-guidance-cut-pressures-shares-52-percent-premarket