Accuray Inc. reported strong increases in sales and net income on a year over year basis in the fourth quarter of fiscal 2010, ending 6/30/2010. The company reported net income of $5.0 million, or $0.08 per diluted share, in the fourth quarter of fiscal 2010, compared to net income of $1.2 million, or $0.02 per diluted share, in the same quarter in fiscal 2009.
Accuray reported a 5% increase in sales in the fourth quarter of fiscal 2010. The company had sales of $61.8 million in the quarter, compared to sales of $58.8 million in the final quarter of fiscal 2009. Accuray also added to its backlog during the final quarter of fiscal 2010. Backlog for the company ended the fourth quarter of fiscal 2010 at $374 million.
Accuray Incorporated established guidance on sales for fiscal 2011, expecting sales to be in a range from $210 million to $225 million for the year.
The CyberKnife Robotic Radiosurgery System is used in the treatment of cancer and delivers radiation to treat tumors in patients. The company reported an installed base of 206 systems worldwide.
For more information on the company, go to www.accuray.com