$VRAYQ
ViewRay Inc

2017 Q2 Form 10-Q Financial Statement

#000156459017015984 Filed on August 07, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $700.0K $299.0K
YoY Change 134.11% 66.11%
Cost Of Revenue $826.0K $863.0K
YoY Change -4.29% 3.6%
Gross Profit -$130.0K -$564.0K
YoY Change -76.95% -13.36%
Gross Profit Margin -18.57% -188.63%
Selling, General & Admin $9.330M $7.190M
YoY Change 29.76% -14.4%
% of Gross Profit
Research & Development $3.250M $2.964M
YoY Change 9.65% 31.27%
% of Gross Profit
Depreciation & Amortization $532.0K $438.0K
YoY Change 21.46% 67.18%
% of Gross Profit
Operating Expenses $12.58M $10.15M
YoY Change 23.89% 349.69%
Operating Profit -$12.71M -$10.72M
YoY Change 18.59% 268.44%
Interest Expense -$1.790M -$1.380M
YoY Change 29.71% 64.29%
% of Operating Profit
Other Income/Expense, Net $6.150M -$20.00K
YoY Change -30850.0% -20.0%
Pretax Income -$8.350M -$12.12M
YoY Change -31.08% -0.48%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$8.350M -$12.12M
YoY Change -31.08% -0.48%
Net Earnings / Revenue -1192.86% -4051.84%
Basic Earnings Per Share
Diluted Earnings Per Share -$145.9K -$317.0K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $53.90M $9.400M
YoY Change 473.4%
Cash & Equivalents $55.07M $9.429M
Short-Term Investments
Other Short-Term Assets $16.30M $9.300M
YoY Change 75.27%
Inventory $20.90M $14.10M
Prepaid Expenses
Receivables $1.800M $1.700M
Other Receivables $0.00 $0.00
Total Short-Term Assets $92.90M $34.50M
YoY Change 169.28%
LONG-TERM ASSETS
Property, Plant & Equipment $11.40M $12.20M
YoY Change -6.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.200M $1.000M
YoY Change 20.0%
Total Long-Term Assets $12.70M $13.40M
YoY Change -5.22%
TOTAL ASSETS
Total Short-Term Assets $92.90M $34.50M
Total Long-Term Assets $12.70M $13.40M
Total Assets $105.6M $47.90M
YoY Change 120.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.500M $6.000M
YoY Change 8.33%
Accrued Expenses $7.400M $5.000M
YoY Change 48.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $53.70M $31.70M
YoY Change 69.4%
LONG-TERM LIABILITIES
Long-Term Debt $44.40M $44.10M
YoY Change 0.68%
Other Long-Term Liabilities $24.50M $3.100M
YoY Change 690.32%
Total Long-Term Liabilities $68.90M $47.20M
YoY Change 45.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $53.70M $31.70M
Total Long-Term Liabilities $68.90M $47.20M
Total Liabilities $122.5M $79.00M
YoY Change 55.06%
SHAREHOLDERS EQUITY
Retained Earnings -$222.5M
YoY Change
Common Stock $191.4M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$17.00M -$31.09M
YoY Change
Total Liabilities & Shareholders Equity $105.6M $47.87M
YoY Change 120.6%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income -$8.350M -$12.12M
YoY Change -31.08% -0.48%
Depreciation, Depletion And Amortization $532.0K $438.0K
YoY Change 21.46% 67.18%
Cash From Operating Activities -$11.92M -$10.08M
YoY Change 18.25% -5.71%
INVESTING ACTIVITIES
Capital Expenditures -$460.0K -$1.300M
YoY Change -64.62% 100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$460.0K -$1.300M
YoY Change -64.62% 766.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 17.00M 15.08M
YoY Change 12.73% 12.96%
NET CHANGE
Cash From Operating Activities -11.92M -10.08M
Cash From Investing Activities -460.0K -1.300M
Cash From Financing Activities 17.00M 15.08M
Net Change In Cash 4.620M 3.700M
YoY Change 24.86% 47.41%
FREE CASH FLOW
Cash From Operating Activities -$11.92M -$10.08M
Capital Expenditures -$460.0K -$1.300M
Free Cash Flow -$11.46M -$8.780M
YoY Change 30.52% -12.55%

Facts In Submission

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0.021
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.013
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
CY2017Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1013000
CY2016Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
689000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1782000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1245000
CY2017Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0
CY2016Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2017Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.35
CY2016Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.35
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.35
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.35
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2017Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11545065
CY2016Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6440698
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10940071
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6414889
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1

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