Accuray (ARAY) expects to release summary financial information for its Q1 quarter on November 5. In connection with today’s announcement, the company is providing select preliminary information concerning its Q1 financial results. In its Q1 service revenues were ahead of plan but product revenues were below expectations in EIMEA and China, resulting in total revenues of $92.5M-$94M. Q1 adjusted EBITDA was approximately (4M) as geographic sales mix and joint venture accounting adversely impacted product gross margins.
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