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Monday, January 13, 2020

ViewRay announces preliminary Q4 results

ViewRay (NASDAQ:VRAYannounced preliminary Q4 and FY2019 results.
Total Q4 revenue of ~$17M vs. consensus of $18.26M and $21M year ago.
Received four new orders for MRIdian systems totaling ~$21M in the quarter, compared to eight new orders totaling ~$49M in 4Q18.
FY2019 revenue of ~$88M vs. consensus of $89.83M and $81M year ago.
Total backlog was ~$227M and Cash and cash equivalents were ~$227M as of December 31, 2019.
Cash burn in the quarter was ~$3M.
Chief Commercial Officer Jim Alecxih will be leaving the company effective January 17, 2020.
#JPM20

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