ViewRay Reports First Quarter 2021 Results
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CLEVELAND, May 6, 2021 /PRNewswire/
ViewRay, Inc. (Nasdaq: VRAY) (the Company ) today announced financial results for the first quarter ended March 31, 2021.
First Quarter 2021 Highlights
Received seven new orders for MRIdian systems totaling $40.9 million, compared to four new orders totaling $22.6 million in the first quarter of 2020.
Total backlog increased to $264.3 million as of March 31, 2021, compared to $230.8 million as of March 31, 2020.
Total revenue of $15.5 million primarily from two revenue units, compared to $14.3 million primarily from three revenue units, including one system upgrade, in the first quarter of 2020.
Cash burn in the first quarter of 2021 was approximately $28 million, excluding the net proceeds from the January 2021 public offering, compared to approximately $36 million in the first quarter of 2020.
Good day, and welcome to this Tapestry conference call. [Operator Instructions] [Operator Instructions]
At this time, for opening remarks and introductions, I would like to turn the call over to Vice President of Investor Relations at Tapestry, Christina Colone.
Christina Colone
Vice President of Investor Relations
Good morning. Thank you for joining us. With me today to discuss our third quarter results as well as our strategies and outlook are Joanne Crevoiserat, Tapestry s Chief Executive Officer; and Andrea Shaw Resnick, Tapestry s Interim Chief Financial Officer. Before we begin, we must point out that this conference call will involve certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act. This includes projections for our business in the current or future quarters or fiscal year. Forward-looking statements are not guarantees, and our actual results may differ materially from those expressed or implied in the forward-looking
Operator
Good day and welcome to the Vista Outdoor Inc. Fourth Quarter and Full Fiscal Year 2021 Earnings Call. Today s conference is being recorded.
At this time, I d like to turn the conference over to Kelly Reisdorf. Please go ahead ma am.
Kelly Reisdorf
Vice President, Chief Communications and Investor Relations Officer
Good morning and thank you for joining us for our fourth quarter and full fiscal year 2021 earnings call. With me this morning is Chris Metz, Vista Outdoor s Chief Executive Officer; Sudhanshu Priyadarshi, Senior Vice President and Chief Financial Officer; and Ric Kern, President of our Bell Giro business unit.
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PITTSBURGH and MONROEVILLE, Pa., May 6, 2021 /PRNewswire/ Dollar Mutual Bancorp ( Dollar ) and Standard AVB Financial Corp. (Nasdaq: STND) ( Standard ) jointly announced that the parties have received all the regulatory approvals necessary to complete the merger of Standard into Dollar. The Standard stockholders approved the merger at a special meeting of stockholders held on January 19, 2021. The parties expect that their proposed merger transaction will be completed after market hours on May 28, 2021. Dollar is the mutual holding company for Dollar Bank, Federal Savings Bank. Standard is the stock holding company of Standard Bank, PaSB, a Pennsylvania chartered savings bank. In connection with the merger of Standard into Dollar, Standard Bank will convert to a federal savings bank. Dollar Bank and Standard Bank will continue to operate as separate financial institutions with Dollar as the holding company for each institution.
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