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home / news releases / EKTAY - ViewRay: Failed Product Launch Raises Solvency Questions


EKTAY - ViewRay: Failed Product Launch Raises Solvency Questions

Thesis Correct, Shorts Win

I initially wrote up VRAY as a short in July of 2017 (here). The short thesis has played out exactly as expected with the only surprise coming from how long it took for the short to work. VRAY bulls certainly put up a good fight over the last two years but it appears they have now conclusively lost. VRAY’s backlog is highly likely overstated and the company has failed to grow revenue as anticipated due to the launch of a superior competitive product from Elekta.

Guidance Cut Significantly

Just

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Stock Information

Company Name: Elekta AB ADR
Stock Symbol: EKTAY
Market: OTC

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